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(Reuters) - Vitol will buy stakes in West African oil and gas assets from Italy's Eni, bolstering the global commodity trading house's position in the upstream sector, as it seeks to reinvest the huge profits it has been generating since 2022. The commodity trader will acquire an interest in oil and gas producing assets and... Continue Reading →
(OE) SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units. The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI), qualified by DNV. It is based on a combination of MHI’s... Continue Reading →
(Reuters) - Norway's $1.8 trillion wealth fund, the world's largest, remains committed to investments in renewable assets despite recent market setbacks and will seek opportunities in both the listed and private markets, a senior fund official said on Thursday. Renewable energy assets have significantly underperformed in the market in 2024, with some previous investor favourites... Continue Reading →
(Reuters) - Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. WHY IT'S IMPORTANT Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say the... Continue Reading →
(offshore-energy.biz) With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, the Netherlands-headquartered SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are anticipated to be... Continue Reading →
ELIRE Infra, a revolutionary innovation company, operating at the intersection of infrastructure, mobility and clean energy, has announced today, its pioneering ‘Smart Hubs’ - modular, multi-purpose and scalable infrastructure solutions, designed to accelerate decarbonisation across ports, harbours, waterways, and the industries they support. ELIRE Infra’s Smart Hubs address critical infrastructure challenges by offering a sustainable,... Continue Reading →
(OE) Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform. The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology. Mocean Energy is working to transform the ocean energy... Continue Reading →
(Reuters) - Brazil announced details of its new climate change pledge late on Friday night that sets a target to lower the country's greenhouse gas emissions by 2035, which it will present during the United Nations climate summit COP29 in Azerbaijan, according to a government statement. WHY IT'S IMPORTANT Brazil is the largest country in... Continue Reading →
(oilprice.com) Several countries across Latin America have made ambitious climate pledges over the last few years, but can they deliver on their promises? The region is well known for its oil and gas production, as well as for its rapidly expanding critical mineral industry. Using experience from already strong energy sectors, can countries such as... Continue Reading →
(Reuters) - Investment in the green energy transition needs to double to $3.5 trillion per year if the world is to meet the Paris Agreement's goal of reaching net zero emissions by 2050, a report by Wood Mackenzie said on Tuesday. On top of the investment gap, the consultancy's analysis said global efforts to shift... Continue Reading →
Brazil Energy Insight 