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(Reuters) - The chief of Europe's largest utility, Iberdrola, said it will not begin any renewables projects in the United States this year, as part of a broader strategy shift unrelated to possible U.S. tariffs that should not impact the company. Executive Chairman Ignacio Galan said on Thursday the company has already secured agreements for its renewable... Continue Reading →
(Reuters) - Italian energy group Eni reported a 46% slide in fourth-quarter adjusted net profit on Thursday, hit by lower energy prices and weakness at its refining, biofuel and chemicals divisions. Adjusted net profit for October and December totalled 892 million euros ($934 million), below an analyst consensus of 960 million euros compiled by the company... Continue Reading →
(Reuters) U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns. In a post on Truth Social, Trump said he was "reversing... Continue Reading →
(Reuters) - German wind turbine maker Nordex expects continued growth in its U.S. market despite changes to the renewables landscape in the short term, its CEO said after better than expected core earnings. U.S. President Donald Trump suspended offshore leasing for wind power on his first day in office in January, hitting share prices of European players including... Continue Reading →
(OE) MODEC has entered into a Front End Engineering and Design (FEED) contract with Samsung E&A for the installation of carbon capture technology on a floating, production, storage and offloading (FPSO) vessel. The offshore carbon capture project envisages the installation of a carbon capture module on a MODEC FPSO vessel as a pilot, and it will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (CA), in a meeting held today, authorized the submission to the Annual General Meeting (AGM), scheduled for April 16, 2025, of the proposal for the distribution of dividends equivalent to R$ 9.1 billion. If approved by the AGM, considering the amounts advanced by the... Continue Reading →
Rio de Janeiro, February 26, 2025 “2024 was a positive year for Petrobras. We consistently maintained strong cash generation, reaching US$ 38 billion in Operating Cash Flow in 2024. This result demonstrates the company's financial health and the quality of its assets, which operate profitably, generating resources to make investments, remunerate shareholders and meet all... Continue Reading →
(offshoreWIND.biz) Danish Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has signed a transaction to take full ownership of the Morecambe offshore wind farm from Cobra Group and Flotation Energy, owned by TEPCO Renewable Power. The financial terms of the transaction are not disclosed. Flotation Energy will remain involved... Continue Reading →
Engineering and energy advisory consultancy Apollo has secured Phase 2 concept definition contract from Net Zero Technology Centre (NZTC) for the Hydrogen Offshore Production (HOP2), which aims to progress the design of 500MW offshore hydrogen production facility for HOP2. The second phase of the project builds on Apollo’s earlier work, and aims to further develop... Continue Reading →
(OE) Energy company Saipem’s performance in 2024 confirms, for the third consecutive year, a trajectory of growth and margin recovery for the group, as well as an acceleration in cash flow generation and the strengthening of the company’s balance sheet. Revenue stood at €14.5 billion in 2024, and EBITDA adjusted at €1.3 billion, corresponding to... Continue Reading →
Brazil Energy Insight 