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Nov 21 (Reuters) - The COP30 climate summit was headed for a showdown on Friday over the future of fossil fuels after hosts Brazil dropped efforts to develop a global plan to shift away from oil, gas and coal from its proposed deal. A draft text for a deal for this year's U.N. climate summit,... Continue Reading →
Nov. 20 (Oilprice.com) Renewable energy has encountered a strange crossroads – it is more successful, and also more divisive, than ever before. Wind and solar have become so successful that they’re not really alternative anymore – they’ve fully entered the mainstream. Not only have renewables outgrown subsidies and become independently successful, they’ve become so cheap... Continue Reading →
Nov. 19,(offshoreWIND.biz) Ocean Winds has secured the third floating offshore wind site in the Celtic Sea, offered through the Crown Estate’s Round 5 auction earlier this year. The developer is joining Equinor and the Gwynt Glas joint venture, which were awarded rights for two of the three sites offered in Round 5 in June. On... Continue Reading →
Nov. 17 (Reuters) As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago.The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters.The landmark UN COP21 climate agreement... Continue Reading →
Nov. 17 - Belga Marine and Global Maritime are proud to announce a strategic partnership aimed at advancing safety, innovation, and operational excellence in Brazil’s offshore energy market. This collaboration will deliver comprehensive solutions tailored to the needs of developers and operators, marine contractors and vessel owners across the region, offering a broad portfolio of... Continue Reading →
Nov 15 (Reuters) - With the United States absent from the U.N. annual international climate summit for the first time in three decades, China is stepping into the limelight as a leader in the fight against global warming. Its country pavilion dominates the entrance hall of the sprawling COP30 conference grounds in Brazil's Amazon city... Continue Reading →
Nov. 13 (agenciagov.ebc.com.br) The Minister of Mines and Energy, Alexandre Silveira, announced that the decree regulating Laws No. 14,948/2024 and No. 14,990/2024, which structure the legal framework for low-carbon hydrogen in Brazil, should be signed next week. The publication consolidates essential guidelines for the development of this new energy frontier, positioning the country at the... Continue Reading →
Nov. 14 (offshoreWIND.biz) The developer of the 2.4 GW Leading Light offshore wind project has informed the New Jersey Board of Public Utilities (NJBPU) that it will not move forward with the project. In a letter filed with NJBPU, the developers, Invenergy and energyRE, said that the company has faced a series of obstacles in the... Continue Reading →
Nov 14 (Reuters) - Siemens Energy sees limited synergies between its struggling onshore and better-performing offshore wind units, its CEO said on Friday, reflecting ongoing uncertainty over the future of the loss-making division. Siemens Gamesa, Siemens Energy's wind division that produces both offshore and onshore turbines, is still recovering from a quality crisis two years... Continue Reading →
Nov. 12 (Reuters) The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy. The IEA's annual World Energy Outlook, published on Wednesday, maps out different trajectories for energy demand... Continue Reading →
Brazil Energy Insight 