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(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 →
(OE) Norwegian seismic company TGS announced it has entered into a partnership with Brazilian state-owned energy company Petrobras to collaborate on scientific research and technological development activities in Brazil. Under the memorandum of understanding (MOU), the partners will seek to drive innovation in the energy sector through collaborative efforts to develop new technologies and conduct... Continue Reading →
(offshoreWIND.biz) The US Bureau of Ocean Energy Management (BOEM) will publish a Call for Information and Nominations (Call) for a second offshore wind energy sale in the Central Atlantic, seeking public input on potential development in areas off the coasts of New Jersey, Delaware, Maryland, Virginia, and North Carolina. BOEM will public the Commercial Leasing... Continue Reading →
(TN) OceanPact received the award for the third most honored company in Latin America, in the small cap category in the Oil & Gas and Petrochemical sector, in the traditional survey conducted by Institutional Investor Research, which consulted around 1,200 investors and market analysts. OceanPact's “Investor Day” was considered the best in this same category.... Continue Reading →
(PN) Equinor, in partnership with CBO and Wärtsilä, has completed the hybridization of the CBO Wiser, a PSV (Platform Supply Vessel) type vessel. The vessel now has a battery system and uses both diesel and electric power, becoming the first of its kind in Brazil to operate in this way. With this innovation, a reduction... Continue Reading →
The Maria Quitéria platform vessel has arrived in Brazil, destined for the Jubarte field, in the Parque das Baleias complex, in the Espírito Santo portion of the Campos Basin. It is an FPSO (floating oil production, storage and transfer system) unit, equipped with technologies to reduce emissions, including the combined cycle in power generation –... Continue Reading →
Brazil Energy Insight 