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(epbr) Uruguay will test investors' appetite to develop green hydrogen projects in the South Atlantic by bidding for 10 offshore wind-generating blocks in the coming months. State-owned energy company Ancap plans to publish the bidding rules this year and choose winners in the second quarter of 2023, company president Alejandro Stipanicic said. He is optimistic... Continue Reading →
(Reuters) Siemens Energy said on Tuesday it has a placed 960 million euro ($949.63 million) mandatory convertible bond to help fund its takeover bid for wind turbine maker Siemens Gamesa. It expects settlement of the notes to take place on or around Sept. 14, it said in a statement. "With the planned full integration of... Continue Reading →
Companies in the renewables energy business have set out to determine whether a green ammonia floating production vessel can be deployed on certain offshore wind locations. Norway-based H2Carrier AS, developer of the unique P2XFloater concept, said it has entered into a memorandum of understanding with Norwegian state-owned hydropower company Statkraft for the study. H2Carrier recently... Continue Reading →
As the global energy crisis grips the world in its clutches, taking it by storm, the American Petroleum Institute (API), a trade association representing the oil and gas industry, is advocating for a ramp-up of the U.S. oil and gas production not only as a solution to the energy security concerns plaguing the world at large... Continue Reading →
(U) Petrobras is considering the potential of offering carbon capture and storage solutions for third-party industrial emissions in its native Brazil as part of a potential diversification strategy from the company’s key upstream oil and gas operations. “It’s a study we are doing right now,” Rafael Chaves Santos, executive director of institutional relations and sustainability... Continue Reading →
(U) Italian major Saipem and Siemens Energy have signed a tentative deal to jointly develop a floating electrical substation for use in offshore wind farms. With momentum building in a number of markets for floating wind, multiple technological solutions are being proposed for substructures to support turbines and electrical substations. The memorandum of understanding between... Continue Reading →
(DJN) Profits from oil-and-gas production have surged as crude prices hover at elevated levels, but volatile returns and a fraught political climate have created a divide among the biggest private-equity firms about whether investing in the sector is worth the headache. Many public pension funds and endowments that invest in private-equity funds have put pressure... Continue Reading →
Vineyard Wind has signed contracts with Maine-based Ironhouse and Houston-based EverLine to support the Vineyard Wind 1 offshore wind project at various construction and operation stages. EverLine, a provider of energy compliance, technical, and security solutions, will deliver complete Supervisory Control and Data Acquisition (SCADA) integration for the 62 wind turbines, a system that will... Continue Reading →
(TN) Shell Brasil, Raízen, Hytron, University of São Paulo (USP) and SENAI CETIQT signed a cooperation agreement for the development of plants for the production of renewable hydrogen (H2) from ethanol. The partnership focuses on validating the technology through the construction of two plants sized to produce 5 kg/h of hydrogen and, later, the implementation... Continue Reading →
Neoenergia signed a memorandum of understanding (MoU) with the Government of Rio Grande do Sul for the development of green hydrogen and offshore wind generation. The company is developing studies for offshore wind generation on the coast of Rio Grande do Sul, the Águas Claras park. The agreement was signed in the municipality of Esteio.... Continue Reading →
Brazil Energy Insight 