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A ten-year tax credit worth up to $3 per kilogram of “clean hydrogen” was approved by the US House of Representatives on Friday as part of President Joe Biden’s Build Back Better Bill. The cleaner the hydrogen produced, the higher the tax credit received by producers — a move that could make green H2 derived from... Continue Reading →
(Reuters) - Industries including energy, steel and chemicals are looking to develop large-scale hydrogen applications to help reduce carbon emissions and avert global warming. Although hydrogen is the most abundant element in the universe, it's very scarce as a gas, and so far most methods of producing gas at scale release large amounts of carbon... Continue Reading →
(Reuters) - Petroleo Brasileiro SA (PETR4.SA) is expected to commit between $60 billion and $70 billion in capital expenditure (capex)in its next multi-year business plan as Brazil's state-controlled oil company focuses on exploration and production in subsalt areas, two sources said on Thursday. The 2022-2026 Petrobras plan, to be released on Nov. 25, is in the final... Continue Reading →
(Valor) World leader in wind turbines, Danish Vestas intends to be an important player in the Brazilian offshore wind energy market. This new front has started to engage and should gain regulation by the end of the year. In an interview to Valor, the company's global CEO, Henrik Andersen, highlighted offshore wind and green hydrogen... Continue Reading →
The pipeline sector has great potential for expansion with the opening of the natural gas market and greater pre-salt production, in addition to being a transport alternative that allows the movement of large volumes of fuel with lower gas emissions. The president of the IBP, Eberaldo de Almeida Neto, highlighted that Petrobras' divestments in the... Continue Reading →
TotalEnergies and Daimler Truck AG have signed today an agreement on their joint commitment to the decarbonization of the road freight in the European Union. The partners will collaborate in the development of ecosystems for heavy-duty trucks running on hydrogen, with the intent to demonstrate the attractiveness and effectiveness of trucking powered by clean hydrogen... Continue Reading →
(Reuters) - General Electric Co's (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said. Earlier on Tuesday, the 129-year-old conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare and... Continue Reading →
Offshore accommodation rig provider Prosafe has achieved what it says is an important milestone in its financial restructuring following the approval of its plan in Norway. Prosafe’s financial restructuring process is on track with formal support from all lenders already received. The extraordinary general meeting approved the solution on 27 September 2021, the Singapore scheme was sanctioned... Continue Reading →
(Reuters) - A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change. The business observers pointed to several steps by world leaders they said could boost sustainable business... Continue Reading →
Offshore accommodation rig provider Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues and shrinking net loss when compared to the third quarter last year. In its 3Q 2021 report on Thursday, Prosafe said that its fleet utilisation rate in the third quarter of 2021 was 70.9 per cent compared to... Continue Reading →
Brazil Energy Insight 