Aug. 9 (oilprice.com) To accelerate the global green transition, several energy companies are developing more durable and efficient renewable energy equipment, such as wind turbines and solar panels. This has been hugely successful in recent decades, with the creation of larger, stronger wind turbines and more efficient, resilient solar panels. As companies continue to improve... Continue Reading →
Repsol sees refining margins staying high next year amid geopolitical turmoil
July 23 (Reuters) - Spanish energy group Repsol expects refining margins to stay high next year as geopolitical tensions around the Gulf region and Russia persist, it said on Thursday, after reporting that its second-quarter profit tripled on stronger margins and oil prices. Supply constraints linked to intermittent disruptions in the Strait of Hormuz and Ukrainian... Continue Reading →
NextFloat Floating Wind Pilot Clears Key Spanish Regulatory Hurdle
July 8 (OE) The PlemCat floating offshore wind test site in the Spanish Mediterranean has secured a favorable Environmental Impact Assessment (EIA), clearing a key regulatory hurdle for deployment of X1 Wind's 8.5 MW X100 platform under the NextFloat project. The approval was officially published in Spain's Boletín Oficial del Estado on July 8 and... Continue Reading →
Spain’s Repsol wins back control of Venezuelan oil operations
April 16 (Reuters) - Spanish energy group Repsol has reached an agreement with the Venezuelan government and state energy firm PDVSA to take back operational control of its Venezuelan oil assets and boost production, the company said on Thursday. The agreement includes plans to triple production from its Venezuelan oil operations within three years and guarantee... Continue Reading →
China’s Purchases Boost Brazilian Oil Exports to Second Highest Level in History
April 9 (Reuters) China imported a record volume of oil from Brazil in March, boosting Brazilian exports of the commodity to the second highest level in the historical series, amid a reorganization of global energy flows following disruptions in the Middle East. The Asian country bought 1.6 million barrels per day (bpd) of Brazilian oil... Continue Reading →
Why Portugal and Spain Dodge Europe’s Energy Price Shock
March 24 (oilprice.com) There is a persistent belief in energy debates that refuses to die: renewables and electrification are necessary, but expensive. It is often framed as an unavoidable trade off — clean energy comes at a premium, while fossil fuels remain the cheaper, more reliable baseline. That assumption is now being tested against reality.... Continue Reading →
Iberdrola Registers Bid to Acquire Remaining Stake in Brazilian Subsidiary
March 12 (offshoreWIND.biz) Spanish energy company Iberdrola has registered a public takeover bid to acquire the remaining shares of its Brazilian subsidiary Neoenergia, aiming to reach full ownership of the company. Iberdrola, which now officially submitted documentation to the Brazilian Securities and Exchange Commission (CVM) and Novo Mercado (Brazilian Stock Exchange – B3), launched the... Continue Reading →
Spain Moves Closer to Launching Its First (Floating) Offshore Wind Tender
Feb. 4 (offshoreWIND.biz) The Spanish Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has opened a public consultation on a draft ministerial order that will set the regulatory bases for the country’s first (floating) offshore wind tender. The consultation runs from 4 February to 24 February 2026 and invites feedback on key design... Continue Reading →
Iberdrola files for tender offer to take Brazil’s Neoenergia private
Nov 24 (Reuters) - Brazilian power firm Neoenergia said on Monday that controlling shareholder Iberdrola has filed for a tender offer to take the company private. Spain-based Iberdrola plans the acquisition of up to all common shares issued by Neoenergia at a price of 32.50 reais per share, the Brazilian firm said in a securities filing. In... Continue Reading →
European Floating LiDAR, Energy Intelligence Providers Join Forces in Brazilian Offshore Wind Market
Oct. 27 (offshoreWIND.biz) TGS, an energy data and intelligence provider based in Norway and the US, and EOLOS, a floating LiDAR technology provider based in Spain, have partnered to offer wind and metocean measurement campaigns in Brazil. Within the partnership, TGS will manage client contracts, campaign design, deployment and operations, while EOLOS will supply its... Continue Reading →