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(Reuters) - Exxon Mobil Corp (XOM.N) on Wednesday signaled second-quarter operating profits fell sharply on lower natural gas prices and weaker oil refining margins, according to a regulatory filing. Operating earnings dropped to about $7.8 billion from $17.85 billion a year earlier, when surging oil and gas prices after Russia's invasion of Ukraine boosted global energy results... Continue Reading →
(Reuters) Spanish utility Iberdrola has signed an exclusive deal with Abu Dhabi's Masdar to develop a 476 megawatt (MW) offshore wind farm in German waters in the Baltic Sea, Expansion newspaper reported on Wednesday, citing unidentified market sources. The Baltic Eagle wind farm being built off Germany's northeastern coast will have 50 wind turbines and is part... Continue Reading →
(Bloomberg) -- Buoyed by the response to its first bond issue in two years, Petroleo Brasileiro SA is considering issuing more debt this year and is poised to buy assets after spending most of the past decade selling refineries and oil-exploration blocks. Strong cash generation combined with low production costs puts Brazil’s state-run oil giant... Continue Reading →
Fraunhofer Institute for Wind Energy Systems (Fraunhofer IWES) has launched a new test rig that enables testing wind turbine blades longer than 115 metres. Vestas, whose latest wind turbine model features 115.5-metre blades, will use the rig to perform the trials needed before starting serial production. “The development of our new wind turbines is an important... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it concluded today, through its wholly owned subsidiary Petrobras Global Finance B.V. (PGF), the offering of notes in the international capital market (Global Notes), in the amount of US$ 1.25 billion maturing in 2033. The operation was priced on June 26, 2023, as disclosed to the market. Below... Continue Reading →
(OE) Seaway 7, an offshore wind installation subsidiary of Subsea 7, has secured a "very large" contract with ScottishPower Renewables for the transport and installation of the foundations and inner-array cables for the East Anglia THREE offshore farm in the UK. Subsea7 defines a very large contract as being between USD 500 million and USD... Continue Reading →
(OW) The Crown Estate has reported a record net revenue profit of GBP 442.6 million (around EUR 512 million) for the financial year 2022/23 thanks to earnings from option fees that the developers of the Round 4 offshore wind farms started paying this year. Offshore wind has also boosted the value of The Crown Estate’s... Continue Reading →
(Reuters) - Renewable energy project developers have limited exposure to the wind turbines that are at the heart of far-reaching quality issues at Siemens Energy's (ENR1n.DE) Siemens Gamesa division, brokerage Citi said. Siemens Energy last week warned of quality problems at up to 30% of its onshore fleet, sending its shares down more than a third on... Continue Reading →
(Reuters) - Major wind power developers including Iberdrola (IBE.MC), RWE (RWEG.DE) and Orsted (ORSTED.CO) played down the impact of potential problems with Siemens Gamesa onshore wind turbines. Siemens Gamesa parent Siemens Energy (ENR1n.DE) last week said problems with its more recent onshore platforms could affect up to 15-30% of its installed turbines worldwide, triggering a 37% fall in its share price. It warned... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces the pricing of a new global notes issue, in the total volume of US$ 1.25 billion, through its wholly-owned subsidiary Petrobras Global Finance B.V. - PGF. The terms of the issue of the new global notes are as follows: Issue: 6.5% Global Notes due 2033 Amount: US$ 1.25 billion... Continue Reading →
