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(epbr) Vale's president, Eduardo Bartolomeo, highlighted that the company, the largest individual consumer of energy in Brazil, could guarantee the demand for national green hydrogen with the production of green steel and consumption of biofuels in its fleet. Jean Paul Prates, president of Petrobras, reiterated the possibility of the company using green hydrogen, produced by... Continue Reading →
(Reuters) South Korea's Ministry of Trade, Industry and Energy said on Wednesday that British-based offshore wind firm Corio Generation and BP have submitted investment plans for wind farm projects in South Korea totaling $1.16 billion. The projects, which had been in the works, are additional signs of carbon-free energy cooperation between Britain and South Korea... Continue Reading →
(Bloomberg) — On a platform 140 kilometers (87 miles) off the coast of Norway, Crown Prince Haakon held two power cables connected to scale models: the first was a wind turbine, the second an oil rig. Behind him, the world’s biggest floating offshore wind farm was just visible on the horizon, an engineering marvel that... Continue Reading →
(OET) U.S.-headquartered energy giant ExxonMobil is taking several steps to slash its greenhouse gas emissions. The oil major’s CEO believes that renewables are not up to the task of handling emissions on their own, thus, the use of other technologies is seen as key to curbing emissions during the transition to a low-carbon and green... Continue Reading →
(Reuters) - BP (BP.L) is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks a long-term business model that can survive the... Continue Reading →
(OE) Vattenfall has supplied the first power from its offshore wind farm, Vesterhav Syd, to the Danish power grid. "It was a culmination of almost seven years’ work on the wind farm, when the blades of the first wind turbine were turned up against the wind and started generating fossil-free electricity," Vattenfall said. The first... Continue Reading →
(OET) France’s energy giant TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28. While the decarbonization engine is not running smoothly and needs to be tweaked to reach full speed, the oil... Continue Reading →
(Reuters) - Germany's EnBW (EBKG.DE) on Monday reported an adjusted net profit of 2.36 billion euros ($2.52 billion) for the January-September period, more than double its result a year earlier, citing positive power generation and trading as drivers. The net profit compared with 1.10 billion euros a year earlier, said the south-western utility in a statement, broadly confirming... Continue Reading →
(OET) Italy-headquartered cabling giant Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion, including projects for which the Italian player has been selected as the preferred bidder. This was driven by energy transition and electrification, which are expected to remain long-term growth... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media and in line with the statement of October 25, 2023, confirms that its 2024-2028 Strategic Plan (2024-28 SP) is under construction, and will still be approved by the company's Executive Board and Board of Directors. The strategic elements of the 2024-28... Continue Reading →
Brazil Energy Insight 