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Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewable energy and power markets, sources told Reuters. Shell’s new cost-cutting review, known internally as Project Reshape and expected to... Continue Reading →
September 18, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has launched two programs aimed at preparing its refining and natural gas activities for an open, competitive market and to transition into a low carbon economy. Biorefino 2030 forecasts projects for the generation of new, more modern and sustainable fuel, different than the current... Continue Reading →
Sept 18, 2020 Another offshore wind farm project is being developed, this time on the coast of Espírito Santo - confirming the rush of companies for a place in this new frontier of renewable energy generation in the country. Vestu Winds, a newly created company, headquartered in Rio de Janeiro, sees the possibility of installing... Continue Reading →
September 18, 2020 Danish offshore drilling company Maersk Drilling has set a target of lowering the intensity of CO2 emissions from its drilling operations by 50 per cent by 2030. Maersk Drilling on Thursday that the target was supported by the company’s strategic focus on efficiency gains, which also leads to reduced CO2 emissions. Jørn... Continue Reading →
Brazil Energy Insight 