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(Reuters) Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company, Octavio Romero, said on Saturday. The... Continue Reading →
(Reuters) The bosses of global energy companies this week urged governments to shift the focus to limiting oil demand to reduce emissions, rather than pressuring producers to curb supply, which they say serves only to increase prices. Some western governments have announced plans to scale back or halt oil developments and last year, they increased... Continue Reading →
France’s BW Ideol and its compatriot ADEME Investissement have entered into a final agreement for a funding injection to set up a new floating offshore wind company. Under the contract, BW Ideol will transfer its co-development project portfolio to BW Ideol Projects Company with ADEME investing an initial EUR 17.85 million at the first financial... Continue Reading →
(OE) Norwegian offshore vessel operator Solstad Offshore has officially exited the platform supply vessel business. Namely, the company on Wednesday completed the sale of its PSV fleet to the U.S. offshore vessel firm Tidewater for approximately $580 million. The transaction, first announced in March, was completed Wednesday, with all 37 platform supply vessels, primarily used for... Continue Reading →
(Reuters) Shell's head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy transition plans. Brostrom joined Shell from offshore wind giant Orsted in August 2021to head offshore wind as the company planned to rapidly grow its wind and solar operations as... Continue Reading →
German renewable energy group RWE has appointed Dr. Thomas Michel Chief Operating Officer (COO) of the company’s Offshore Wind business as of September 1, 2023. "Michel will take on responsibility for this newly created Board division as a very experienced manager who has worked at RWE for many years," RWE said. RWE said that the... Continue Reading →
(OW) Offshore Wind Consultants, an ABL Group company headquartered in London, has entered into an agreement to acquire 100 per cent of the shares of Denmark-based offshore wind consultancy, Delta Wind Partners (DWP). The acquisition, expected to close in the third quarter, is said to expand OWC’s technical offering in wind turbines and in consultancy at... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it filed, today, its 2022 Sustainability Report. In this important document you can find information about our main activities, management practices, indicators and commitments related to environmental, social and governance (ESG) issues. One of the main highlights of this year was the environmental projects supported by the Company,... Continue Reading →
(Reuters) Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared. Shares in the company have climbed more than 50% so far this year to historic highs,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that there is no decision from the Executive Board or the Board of Directors in relation to the process of divestment or increase of interest in Braskem. Petrobras is currently developing analyses to define the best alternative for executing its... Continue Reading →
Brazil Energy Insight 