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Today Hexicon AB (publ.) signed a Sales and Purchase Agreement (SPA) to take full ownershipof MunmuBaram Co., Ltd. from its joint venture partner Shell Overseas Investments B.V. Underthe agreement, Hexicon AB will increase its stake in the project from 20 % to 100 %, increasingthe project portfolio by 900 MW. Completion of the transaction is... Continue Reading →
Corporate Venture Capital's investment thesis will cover businesses related to renewable and low-carbon energies Petrobras and the BNDES have begun studies to structure a Corporate Venture Capital (CVC) fund to support micro, small and medium-sized technology-based companies. In this first phase, the idea is to identify the most promising sectors for this type of investment,... Continue Reading →
(Reuters) - Offshore wind developers submitted revised bids to supply power to New York state on Thursday to cope with soaring costs, with industry heavyweights Equinor (EQNR.OL), opens new tab and BP (BP.L), opens new tab saying they would no longer develop projects together. The closely watched New York solicitation, which allows companies to exit old contracts and re-offer... Continue Reading →
(OE) French energy major TotalEnergies has signed an agreement with European Energy to develop offshore wind projects in three Nordic countries, including Denmark, Finland and Sweden. The agreement covers 405 MW of offshore wind power under development in Denmark, and new large scale offshore wind projects to be developed jointly by TotalEnergies and European Energy... Continue Reading →
(Reuters) - Brazil's state run oil firm Petrobras (PETR4.SA) has ruled out investing in wind and solar power abroad, deciding instead to focus on building a portfolio of local greenfield projects, energy transition head Mauricio Tolmasquim told Reuters on Wednesday. Last year, Petrobras CEO Jean Paul Prates said the company was analyzing the potential purchase of a... Continue Reading →
(OE) Norwegian ocean services provider DeepOcean has acquired digital transformation company Btwn, growing its offering within digitalization and automation of subsea operations. DeepOcean has acquired 100% of the shares in Btwn – pronounced ‘between’ - from the company’s employees for an undisclosed amount. In addition to becoming an integrated part of DeepOcean’s digital innovation team,... Continue Reading →
(OW) The Dutch offshore wind foundation manufacturer, Sif, and its compatriot Ballast Nedam have signed a memorandum of understanding (MoU) as part of the process of developing a joint venture that specialises in the decommissioning of obsolete and aged offshore wind farms. Named BNS Decom, the joint venture intends to serve as the ultimate, turnkey solution provider for asset... Continue Reading →
(Reuters) - Copenhagen Infrastructure Partners and Avangrid (AGR.N) said on Wednesday their joint venture Vineyard Wind began generating power for the first time, supplying five megawatts (MW) to the New England grid. The project is expected to have five turbines operating at full capacity in early 2024, the companies said. The announcement comes after offshore wind projects... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Riograndense Petroleum Refinery (RPR) has reached a historic milestone by processing 100% soybean oil in an industrial refining unit for the first time. The test, carried out between the end of October and the beginning of November, opens a new world frontier for biorefining. The technology, developed... Continue Reading →
(OE) TotalEnergies and its partner SSE Renewables said Tuesday that their Seagreen offshore wind farm, Scotland's largest and the world’s deepest fixed-bottom wind farm, is now fully operational and running at its design capacity of 1,075 MW. Seagreen is a joint venture between TotalEnergies (51%) and SSE Renewables (49%). It is located in the North... Continue Reading →
Brazil Energy Insight 