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U.S. oil major Chevron Corp has no plans to shrink its oil and gas business for wind and solar energy unlike some rivals, Chief Financial Officer Pierre Breber said on Thursday, amid pressure from shareholders to lower carbon emissions. Major oil and gas producers are facing pressure from investors to lower greenhouse gas emissions and... Continue Reading →
Countries worldwide should make more offshore areas available for wind farms than they do currently if they want to fulfil their climate ambitions, the chief executive of Norwegian oil firm Equinor told Reuters. Like other European oil majors, Equinor is developing a portfolio of renewable projects while continuing to produce oil and gas, with offshore... Continue Reading →
Norwegian company Odfjell Oceanwind, which describes itself as the mobile offshore wind pioneer, has entered into a non-binding Memorandum of Understanding with Siemens Gamesa and Siemens Energy. Under the MoU Odfjell Oceanwind intends to use Siemens Gamesa and Siemens Energy technologies for its Mobile Offshore Wind Units (MOWUs). Odfjell Oceanwind is working to develop floating... Continue Reading →
(Reuters) - Spain's Acciona (ANA.MC) said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe. The deal... Continue Reading →
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition. Speaking at the Underwater Technology Conference (UTC) Wednesday (June 16), Arne Sigve Nylund, EVP for Technology, Projects and Drilling at Equinor, said... Continue Reading →
Equinor (EQNR.OL) will speed up investments in renewable energy and low carbon solutions as new oil and gas comes onstream ahead of peak production in 2026, the company said on Tuesday as the pressure mounts to prove it can adapt to a greener future. The majority state-owned Norwegian company said it would dedicate more than 50% of... Continue Reading →
(Reuters) Norwegian energy major Equinor (EQNR.OL) must set tougher near-term targets for reducing the company's climate impact when it presents a new strategy next week, minority shareholders said. Chief Executive Anders Opedal, who took the helm late last year with a promise to speed up the state-controlled firm's renewable investments, also faces demands for climate action from... Continue Reading →
(Reuters) Royal Dutch Shell (RDSa.L) will seek ways to accelerate its energy transition strategy and deepencarbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business. Shell plans to appeal the May 26 court... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on February 26, 2021, informs that today it has concluded the sale of the totality of its 51% interest in Eólica Mangue Seco 2 - Geradora e Comercializadora de Energia Elétrica S.A. (Eólica Mangue Seco 2) to Mangue Seco Participações S.A., invested by Fundo... Continue Reading →
(Reuters) Chinese state-controlled oil giant Sinopec, said it expects to launch its first green hydrogen project, a zero-carbon fuel generated from renewable energy sources, in the Inner Mongolia region in 2022. The company, China's largest hydrogen producer, also said it will focus on fossil fuel-based hydrogen output over the next five years and set up... Continue Reading →
Brazil Energy Insight 