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(Reuters) - Brazilian fuel distributor Vibra Energia SA (VBBR3.SA) has tapped an existing partnership with Brasil BioFuels (BBF) to move into producing and selling palm oil-based jet fuel as it looks to take another step in the energy transition. Vibra, formerly known as Petrobras Distribuidora SA, has agreed to sell aviation fuel to be produced at BBF's... Continue Reading →
(Reuters) - Prices for wind and solar power in major global markets have climbed nearly 30% in a year as developers have struggled with chaotic supply chains and surging costs for everything from shipping to parts to labor, according to a report published on Wednesday. Contract prices for renewables jumped 28.5% in North America and... Continue Reading →
(OE) Hexicon, a Swedish twin floating wind turbine technology company, has set up a joint venture in Greece with the local company EAMAA. "This is a first step to start the development of floating offshore wind projects off the coast of Greece. A new legal framework for offshore wind is expected this year and Hexicon... Continue Reading →
(OGJ) Soaring oil, gas and power prices—combined with the European Union (EU) reducing its reliance on Russian supplies and post-COVID-19 pandemic inflation—will push global energy spending to $2.1 trillion this year, according Rystad Energy research. Upstream oil and gas spending is expected to rise 16%, or $142 billion, from last year, as oil and gas... Continue Reading →
(Offshore Energy)A study commissioned by Crown Estate Scotland has revealed that connecting offshore wind installations directly to oil and gas platforms could help decarbonisation, support economic activity, and encourage new companies to enter the offshore renewable energy sector. The report, carried out by independent consultancy company Natural Power on behalf of Crown Estate Scotland, follows... Continue Reading →
(Reuters) Japan's Mitsubishi Corp and Shell aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the Yomiuri newspaper reported on Thursday. Dutch renewable energy firm Eneco, owned by Mitsubishi and Japan's Chubu Electric Power Co, has decided to invest 10% in a joint venture that includes... Continue Reading →
(OE) If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors. Consider: Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids. Not only is that real money, but just as critically, “This... Continue Reading →
A “bare minimum” of £458 billion of investment and policy support will be needed by 2050 to get the global hydrogen market up and running. That is according to the latest hydrogen strategic planning outlook report by Wood Mackenzie, a Verisk business. Flor Lucia De la Cruz, senior research analyst at the research company, said: “Substantial... Continue Reading →
(Valor) Prumo Logística wants to attract low-carbon businesses to Porto do Açu, in São João da Barra, in the north of the state of Rio de Janeiro. With the energy transition, the company will take advantage of its experience in supporting the exploration and production of oil and gas to support the development of offshore... Continue Reading →
DNV, the independent energy expert and assurance provider has this week called the governments of countries where the floating wind is a viable option to remove existing barriers in their regulatory frameworks to allow for easier and faster deployment of floating wind projects. DNV expects that offshore wind’s contribution to the wider energy mix will... Continue Reading →
Brazil Energy Insight 