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Petrobras has signed contracts worth R$16.5 billion for the construction and chartering of 12 Platform Supply Vessels (PSV). Of the total value of the contracts, R$5.2 billion are earmarked for investments in shipbuilding in Brazil. These vessels will be essential for the company's Exploration and Production logistics operations until 2028. The contracts, signed with the... Continue Reading →
ELIRE Infra, a revolutionary innovation company, operating at the intersection of infrastructure, mobility and clean energy, has announced today, its pioneering ‘Smart Hubs’ - modular, multi-purpose and scalable infrastructure solutions, designed to accelerate decarbonisation across ports, harbours, waterways, and the industries they support. ELIRE Infra’s Smart Hubs address critical infrastructure challenges by offering a sustainable,... Continue Reading →
(ceara.gov.br) With great local potential for renewable energy generation, the Ceara government signed a memorandum of understanding (MoU) with the company CGN Brasil Energia (CGNBE), part of the CGN Group, one of the largest in China, for collaboration in the development of solar and wind energy projects and the green hydrogen chain. Governor Elmano de... Continue Reading →
Specialist offshore wind engineering consultancy Wood Thilsted has signed a memorandum of understanding (MoU) with multiple industry and research institutions to jointly advance nature inclusivity in offshore wind farm designs. The joint industry project (JIP) aims to redefine what it means to create offshore wind farms that positively impact natural ecosystems throughout their lifecycle. The... Continue Reading →
(oilprice.com) Several countries across Latin America have made ambitious climate pledges over the last few years, but can they deliver on their promises? The region is well known for its oil and gas production, as well as for its rapidly expanding critical mineral industry. Using experience from already strong energy sectors, can countries such as... Continue Reading →
(Reuters) - Investment in the green energy transition needs to double to $3.5 trillion per year if the world is to meet the Paris Agreement's goal of reaching net zero emissions by 2050, a report by Wood Mackenzie said on Tuesday. On top of the investment gap, the consultancy's analysis said global efforts to shift... Continue Reading →
(Reuters) - Brazil's Petrobras is discussing a partnership with Vale to help the mining company lower carbon emissions, the state-run oil firm's Chief Executive Magda Chambriard said on Monday. WHY IT'S IMPORTANT The two Brazilian companies are among the largest in Latin America by market value. Chambriard said the firms will "help each other" decarbonize, with a... Continue Reading →
(CPG) With new contracts, billion-dollar investments and overcoming a crisis that almost paralyzed the sector, Brazilian companies are ready for a new cycle of growth. The Brazilian maritime support segment has suffered a drastic decline in recent years. In 2014, more than 500 vessels were active in the country, but in 2019, that number fell... Continue Reading →
(TN) The Minister of Mines and Energy, Alexandre Silveira, announced the availability of approximately R$6 billion in investments for decarbonizing the industry through hydrogen hubs around the world. The initiative is in partnership with the Climate Investment Funds (CIF). The international fund will provide low-cost financing to leverage projects in the sector. The announcement was... Continue Reading →
(Reuters) - Final investment decisions for hydrogen projects have doubled over the last 12 months, dominated by China, but installed capacity and demand are low as the industry faces uncertainty, the International Energy Agency (IEA) said in a report on Wednesday. The investment decisions represent a five-fold increase of current low-emission hydrogen production by 2030,... Continue Reading →
Brazil Energy Insight 