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(epbr) The government of Ceará and Cactus Energia Verde signed a memorandum of understanding for the production of green hydrogen (H2V) at the Pecém Port Complex. These are investments estimated at 5 billion euros, to produce 10.5 thousand tons of H2V monthly, in addition to 5.25 thousand tons of green oxygen. The intention is to... Continue Reading →
(Reuters) - BP said on Tuesday it was aiming to accelerate its goal to reach net-zero emissions by 2050 as the British energy giant seeks to shift away from fossil fuels and boost its renewable energy capacity. The company, which two years ago started on the biggest revamp in its history, now intends to halve... Continue Reading →
(Reuters) - Norwegian oil services firm Aker Solutions (AKSOA.OL) raised its 2022 revenue outlook on Tuesday and said its earnings margin is likely to increase this year while order intake is headed for a record high, sending its shares sharply higher. The company now expects revenue to rise by more than 20% to at least 35 billion... Continue Reading →
(Reuters) - The proven oil and gas reserves of Colombia's majority state-owned oil company Ecopetrol (ECO.CN) rose 13% last year, the company said on Monday, thanks partially to an improved international price for Brent. Ecopetrol's proven reserves - also known as 1P reserves - finished last year at 2 billion barrels of oil equivalent (boe), compared with... Continue Reading →
(Reuters) - Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. "I cover Big Oil. I'm a supermajor guy," the... Continue Reading →
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy. BP's rebound to an annual profit of $12.85 billion after a large loss in 2020, is... Continue Reading →
(OE) Off the Massachusetts and New York coasts, developers are preparing to build the United States’ first federally approved utility-scale offshore wind farms – 74 turbines in all that could power 470,000 homes. More than a dozen other offshore wind projects are awaiting approval along the Eastern Seaboard. By 2030, the Biden administration’s goal is to have 30 gigawatts of offshore... Continue Reading →
Norwegian Innova and the U.S. Teledyne Energy System have partnered to demonstrate the use of hydrogen for local power of subsea control systems. Specifically, the companies conducted validation testing of Teledyne’s Subsea Fuel Cell Supercharger, a hydrogen and oxygen fuel cell electric power source designed to operate on the ocean floor with no connection to the surface.... Continue Reading →
Offshore wind turbine makers have been working to build increasingly bigger turbines, and the likes of GE, Siemens Gamesa, Vestas, and MingYang have in the past two years or so unveiled designs for giant 14-16MW rated units.It has been said that larger turbines, while more expensive per unit, reduce the overall cost of large-scale offshore wind... Continue Reading →
(TN) Porto do Açu and Gás Natural Açu (GNA) announced the realization of R$ 6 billion of investments in infrastructure and energy in Porto do Açu, located in the northern region of Rio de Janeiro. Investments include works to expand road access to the port, the construction of a rail branch and the laying of... Continue Reading →
Brazil Energy Insight 