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The pipeline sector has great potential for expansion with the opening of the natural gas market and greater pre-salt production, in addition to being a transport alternative that allows the movement of large volumes of fuel with lower gas emissions. The president of the IBP, Eberaldo de Almeida Neto, highlighted that Petrobras' divestments in the... Continue Reading →
(Reuters) - Oil major Royal Dutch Shell's (RDSa.L) clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' (BKR.N) facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists, investors, banks and some governments mount pressure on oil and gas companies to announce net zero emission... Continue Reading →
(Reuters) - General Electric Co's (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said. Earlier on Tuesday, the 129-year-old conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare and... Continue Reading →
(Reuters) - A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change. The business observers pointed to several steps by world leaders they said could boost sustainable business... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/29/2021, informs that today it concluded the sale of its stakes of 20% in Termelétrica Potiguar S.A. (TEP) and 40% in Companhia Energética Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM Participações S.A., respectively.... Continue Reading →
(Reuters) - A global coalition of industrial companies said on Thursday it has boosted a target for emissions-cutting hydrogen generated with renewable power such as wind and solar energy. Companies and governments have touted green hydrogen, derived from water using electrolyzers powered by renewable energy, as a way to cut carbon emissions. But it now... Continue Reading →
(Reuters) - A top U.S. official on Thursday challenged nations to join the United States in setting aggressive goals to expand electricity production from offshore wind. Interior Secretary Deb Haaland issued the call during an appearance at the United Nations climate change conference in Glasgow, Scotland. The administration of President Joe Biden has moved swiftly... Continue Reading →
The governor of Ceará, Camilo Santana in Munich, Germany, an agreement with the German multinational Linde to implement a green hydrogen plant in Ceará. The largest global company in the production of industrial gases and engineering, Linde is represented in South America by White Martins. This is the 12th memorandum of understanding signed by Ceará... Continue Reading →
(PetroleoHoje) ExxonMobil is planning higher capex for the year 2022 due to the Yellowtail and Bacalhau projects, located in Guyana and Brazil, respectively, said senior vice president and CFO Kathy Mikells. If approved by Exxon's board of directors, next year's capex will jump from the current level of $16 billion to $19 billion to $20... Continue Reading →
Green hydrogen will be a necessary instrument for the world to be able to limit climate change to the levels established in the Paris Agreement. The finding is from a new report prepared by the Norwegian Statkraft, one of the major generators of renewable energy in Europe. The Low Emissions Scenario study produced by the... Continue Reading →
Brazil Energy Insight 