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Inyanga Marine Energy Group has announced the design blueprint for their 20MW HydroWing technology to be deployed at Morlais in Wales. The tidal energy array will incorporate the revolutionary Tocardo T3 turbine for the first time, with each of the twenty HydroWing units to be powered by two T3 turbines. Inyanga Marine Energy Group have... Continue Reading →
(OE) Japan’s Kansai Electric Power has signed a share purchase agreement with Iberdrola to take part of 315 MW Windanker offshore wind project, being built in the German Baltic Sea. The Japanese electric company will co-invest in the asset through its subsidiary Windanker Investco, reaching a 49% stake, while Iberdrola will retain control with the... Continue Reading →
Petrobras has signed contracts worth R$16.5 billion for the construction and chartering of 12 Platform Supply Vessels (PSV). Of the total value of the contracts, R$5.2 billion are earmarked for investments in shipbuilding in Brazil. These vessels will be essential for the company's Exploration and Production logistics operations until 2028. The contracts, signed with the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact from November 7, 2024, informs that the distribution of remuneration to shareholders, approved on that date by the Board of Directors, in the amount of R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share in circulation, will be paid as follows,... Continue Reading →
Petróleo Brasileiro S.A Petrobras informs that the Chairman of the Board of the company, Mr. Pietro Adamo Sampaio Mendes, has been nominated by the Ministry of Mines and Energy of Brazil for consideration by the country’s Chief of Staff's Office as a proposed candidate to occupy a Directorship at the National Agency for Petroleum, Natural... Continue Reading →
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy. (Reuters) The changes are part of a company-wide review launched in 2023 aimed at reducing costs as CEO Wael Sawan focuses... Continue Reading →
(Reuters) French oil major TotalEnergies is close to acquiring vertically-integrated renewable developer VSB Group from private equity firm Partners Group for about 2 billion euros ($2.10 billion), Bloomberg News reported on Tuesday. TotalEnergies and Partners Group declined to comment. VSB Group did not immediately reply to a request for comment. Germany-based VSB has a renewables... Continue Reading →
(OE) Equinor has appointed Jens Økland as acting Executive Vice President (EVP) for Renewables, as Pål Eitrheim steps down from the position. Økland will assume his new role from December 6, 2024. He has more than 30 years of experience in Equinor, most recently as Vice President for Strategy and Commercial Solutions in Renewables. From... Continue Reading →
(Reuters) - Brazilian prosecutors asked state-run oil firm Petrobras (PETR4.SA), opens new tab to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama. An oceanographer's technical assessment commissioned by the Federal Prosecutor's Office and dated Oct.... Continue Reading →
Ocean Winds has extended its Operations & Maintenance (O&M) long-term contract with Principle Power for the 25 MW WindFloat Atlantic Project, which validates Principle Power’s service excellence and O&M capabilities. This extension further affirms the operational success of the world’s first semi-submersible floating wind farm and first floating wind project to secure bank financing. Since... Continue Reading →
Brazil Energy Insight 