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By Haley Zaremba for Oilprice.com Nearly 90% of Brazil's electricity comes from renewables, making it a prime location for energy-intensive AI infrastructure. Amazon, Microsoft, and other tech giants are investing billions in Brazilian data centers powered by clean energy. Brazil aims to prove that a renewable-focused energy grid can sustain large-scale AI growth, challenging the... Continue Reading →
(Reuters) - Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China. President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC, and Chinese defense company Norinco. Minister of Mines and Energy... Continue Reading →
(offshoreWIND.biz) The first floater for the Les Eoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm has been launched at the Port of Marseille Fos in France. Eiffage Métal, Smulders, and their subcontractor Geodis, in coordination with Ocean Winds, launched the wind farm’s first floating platform on the Fos-sur-Mer industrial site. The floater is now... Continue Reading →
(offshoreWind.biz) Equinor could abandon the Empire Wind 1 offshore wind project “in the coming days” if the stop-work order, issued by the US government soon after the project started offshore construction work, is not lifted, president of Equinor Renewables Americas, Molly Morris, recently shared in an interview. Morris told Politico that the standstill was costing the... Continue Reading →
(offshore-energy.biz) France’s energy giant TotalEnergies is making strides in the development of the first-ever offshore oil field in Suriname. Progress has also been achieved in the construction of a floating production, storage, and offloading (FPSO) vessel destined for this project. Following a final investment decision (FID) for the 12.2-billion GranMorgu offshore oil field in Block 58, located around 150 kilometers off... Continue Reading →
(OE) Offshore accommodation firm Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras, for the provision of the Safe Notos semi-submersible vessel for safety and maintenance support offshore Brazil. Contract award and timing are subject to a formal process during which Petrobras is under no formal obligation to... Continue Reading →
(Reuters) - The board of directors of Brazilian chemical firm Unigel on Friday approved a deal proposed by oil giant Petrobras to settle legal disputes over fertilizer plants in northeastern Brazil, two sources familiar with the matter said. The deal would allow state-run Petrobras to work on resuming operations of the two plants in the states of Sergipe and Bahia,... Continue Reading →
(Reuters) Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production, according to two documents and four sources, as it struggles to reach an ambitious government target. Pemex said in a filing to the United States Securities and Exchange Commission... Continue Reading →
(Reuters) - Shares in BP edged higher on Friday after the Financial Times reported a number of rivals have "run the numbers" about a possible takeover of the London-listed oil company. Shell, Chevron, ExxonMobil, TotalEnergies and Adnoc have all looked at the figures, the FT reported citing sources, while trading house Vitol might be interested in... Continue Reading →
(Reuters) - Britain has more than doubled funding available under a scheme seeking to spur investment in offshore wind projects to 544 million pounds ($721.78 million), after higher than expected demand, the government said on Friday. The country has put offshore wind at the heart of its 2030 clean energy plan and hopes to boost... Continue Reading →
Brazil Energy Insight 