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Aug 21 (Reuters) - The U.S. Commerce Department said on Thursday it has opened a national security investigation into the import of wind turbines and components. Earlier this week, the department said it was adding wind turbines to a list of products that will face 50% tariffs on the aluminum and steel content. The "Section 232" investigation,... Continue Reading →
Aug 15 (Reuters) - A U.S. appeals court on Friday granted Argentina's request to put on temporary hold a judge's order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a brief order, the 2nd U.S. Circuit Court of Appeals... Continue Reading →
Aug.14 (cleantechnica.com) A new report by Carbon Brief contains some pretty interesting news. It says China’s exports of clean energy technologies such as solar panels, batteries, and electric vehicles are helping to cut emissions in other countries. In 2024, those exports helped reduce global emissions outside of China by 1% and will avoid some 4 billion tons... Continue Reading →
(Reuters) Germany's biggest power producer RWE posted lower-than-expected core profit for the first half on Thursday, citing weak wind conditions as well as a muted trading business. First-half adjusted earnings before interest, tax, depreciation and amortization fell by more than a quarter to 2.14 billion euros ($2.50 billion), missing the 2.24 billion average estimate in... Continue Reading →
(offshore-energy.biz) U.S. subsea engineering and applied technology firm Oceaneering International has secured a £400,000 (around €465,000) grant from Scotland’s economic development agency Scottish Enterprise for a project that aims to add manufacturing capacity for subsea power cables destined for Scottish offshore wind. Oceaneering’s Rosyth umbilical and cable manufacturing facility, which has been operating at the Port of Rosyth... Continue Reading →
AUG.13 (Offshore Technology) Colombia's state oil company Ecopetrol, has reported a 46% decrease in net profit for the second quarter (Q2) due to declining global oil prices and slight production decreases. The company's net profit fell to approximately $450m (1.81trn pesos), down from the previous year's equivalent of $840m, with total sales also decreasing by... Continue Reading →
Aug 13 (Reuters) - Danish wind turbine maker Vestas swung to a profit in the second quarter from a loss a year before, maintaining its financial outlook for 2025 on expectations it could overcome the impact of U.S. policy uncertainty. Vestas reported an April-June operating profit before one-off items of 57 million euros ($66.56 million) on... Continue Reading →
Aug 12 (Reuters) - Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said. Moonilal was speaking at an event... Continue Reading →
(offshoreWIND.biz) Massachusetts Department of Energy Resources (DOER) does not expect the Round 5 Request for Proposals (RFP) for offshore wind to be issued until next year, at the earliest, due to uncertainty at the federal level. In a letter to the state’s Department of Public Utilities (DPU), dated 7 August, DOER noted that it is... Continue Reading →
Aug 8 (Reuters) - Groups vying for control of Brazilian petrochemical producer Braskem are expected to resist a sale of its U.S. assets, three people close to the discussions told Reuters. Brazilian chemical company Unipar is in talks to acquire Braskem's polypropylene plants in Texas, Pennsylvania, and West Virginia for around $1 billion, according to a report... Continue Reading →
Brazil Energy Insight 