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By: Elaine Maslin (OE) Wind power pioneer Henrik Stiesdal built his first wind turbine in 1978. It was one of Denmark’s first step towards becoming a wind energy powerhouse, with Stiesdal regularly at the helm. He’s now got wider climate initiatives in his sights, including industrializing floating offshore wind. He reflected with OE’s Elaine Maslin.... Continue Reading →
(Reuters) - Energy security concerns raised by Russia's invasion of Ukraine have provided even more impetus for adopting a range of low-carbon technologies to meet the Paris climate accord goals, industry executives told the Reuters Global Markets Forum (GMF). "Renewables in and of themselves aren't enough to solve this problem," Standard Chartered (STAN.L) Chief Executive Bill Winters... Continue Reading →
Corio Generation, a recently established offshore wind branch of Macquarie's Green Investment Group (GIG), is planning a major new offshore wind project in Australia, named Great Eastern Offshore Wind. If approved for construction following ongoing feasibility studies and consultation with local stakeholders, the 2.5 GW project could be among the first tranche of offshore wind... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was notified, on 06/09/22, of the preliminary injunction decision issued by the Court of Justice of the State of Rio de Janeiro, determining the paralysis of contractual negotiations with the Petrorecôncavo and Eneva consortium regarding the sale process of the onshore production fields located in the Recôncavo... Continue Reading →
(Offshore Energy) Offshore drilling contractor Vantage Drilling has secured a new contract with TotalEnergies for one of its ultra-deepwater drillships, which is currently operating in the Mediterranean. Vantage revealed on Thursday that one of its subsidiaries entered into a drilling services contract with a subsidiary of TotalEnergies in respect of its ultra-deepwater drillship, the Tungsten Explorer. The... Continue Reading →
(Reuters) - Mexican state oil company Petroleos Mexicanos released thousands of tons of methane gas into the atmosphere from an oil and gas platform in the Gulf of Mexico last December, research published on Thursday by the European Space Agency (ESA) showed. Invisible and odorless, but much more harmful to the environment than carbon dioxide,... Continue Reading →
(Reuters) - Oil and gas group Repsol (REP.MC) has agreed to sell a quarter of its newly-created renewable energy unit to Credit Agricole Assurances (CAGR.PA) and asset manager Energy Infrastructure Partners for 905 million euros ($964 million), the company said on Thursday. The deal values the whole unit, which is building wind, solar and hydro plants in Spain, the... Continue Reading →
(Reuters) - Ecuador's state-run oil company Petroecuador on Thursday launched an auction for private companies to bid for a flagship offshore natural gas field, aiming at increasing the Andean country's production. Petrocuador is looking for a partner for exploring and developing the Amistad natural gas field, at the nation's Guayaquil Gulf, currently producing 24 million... Continue Reading →
(Reuters) - Venezuela's state-run PDVSA last month began switching most oil sales to prepayment, requiring spot cargo buyers pay in full before tankers can set sail after several recent defaults, three people close to the decision said. The new payment terms, first communicated in April to companies intermediating in the oil sales, sharply reduced May... Continue Reading →
(Reuters) - Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said. Petro, currently a senator, told a rally last month that coal and... Continue Reading →
Brazil Energy Insight 