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Engie appointed executive Catherine MacGregor as the new CEO of the oil and gas sector as of January 1, 2021. The appointment comes eight months after the removal of Isabelle Kocher. MacGregor, 48, is French and currently runs Technip Energies, after having spent 23 years in the oil services group of the also French group... Continue Reading →
The construction has started in Norway of what will be the world's largest floating wind farm - the Hywind Tampen. Norway's Prime Minister Erna Solberg and Kværner apprentice Arne Linga officially kickstarted the construction work by starting the cutting robot on the project's first sheet of steel on Thursday, 1 October. Kværner is responsible for... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on August 3, 2020, informs the beginning of the binding phase regarding the sale of its wholly-owned subsidiary Petrobras Biocombustível S.A. (PBIO). Potential buyers qualified for this phase will receive a process letter with detailed instructions on the divestment process, including guidelines for... Continue Reading →
(Reuters) - France's Total TOTF.PA on Wednesday said it would hike its annual investments in renewable energy and electricity by 50% as it cuts its reliance on oil and aims to become a major low-carbon power producer. Faced with gloomy long-term prospects for oil demand, Total has been accelerating a push into alternative sources of revenue, with... Continue Reading →
Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said. The consensus forecasts for the value of the business, which makes gas and wind turbines, is 21 billion to 22... Continue Reading →
Oil major Shell and tech giant Microsoft are embarking on a new strategic alliance to support progress towards a world with net-zero emissions. Joining other oil majors like BP and Equinor, Shell revealed its plans to become a net-zero emissions energy business by 2050 or sooner back in April 2020. Shell and Microsoft said on Tuesday that... Continue Reading →
September 18, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has launched two programs aimed at preparing its refining and natural gas activities for an open, competitive market and to transition into a low carbon economy. Biorefino 2030 forecasts projects for the generation of new, more modern and sustainable fuel, different than the current... Continue Reading →
Sept 18, 2020 Another offshore wind farm project is being developed, this time on the coast of Espírito Santo - confirming the rush of companies for a place in this new frontier of renewable energy generation in the country. Vestu Winds, a newly created company, headquartered in Rio de Janeiro, sees the possibility of installing... Continue Reading →
Sept 18, 2020 With the offshore wind industry growing, even during the global pandemic, offshore wind turbines are expected to grow in size and capacity, too, and Rystad Energy believes bigger is better. As previously reported, Siemens Gamesa in May announced the launch of what will be the world's largest offshore wind turbine, the SG 14-222 DD offshore... Continue Reading →
Sept 17, 2020 Petrobras is interested in investing in renewable energies, but while other oil companies already have more defined plans for this sector, the Brazilian state-owned company is still looking for a way to enter in this market. The company's executive director of finance and investor relations, Andrea Marques de Almeida, declared that Petrobras... Continue Reading →
Brazil Energy Insight 