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(Reuters) Dutch lender ING will stop financing oil and gas exploration and production by 2040 and triple new lending to renewable energy over the next two years as part of an updated climate strategy, the bank's chief executive told Reuters. Investors and regulators are increasingly pushing banks to green their operations and many are looking to tighten... Continue Reading →
(Reuters) - Brazil will increase the country's mandatory biodiesel mix into diesel from early next year, bringing forward previously set blending targets, the country's energy policy council CNPE decided on Tuesday, also halting biofuel imports until further notice. The measures bolster the prospects of the Brazilian oilseed crushing industry, which has grappled with idle capacity... Continue Reading →
(Reuters) - Nearly all European Union countries and around 300 companies and industry groups agreed on Tuesday to move ahead with plans to rapidly expand wind farms and the local industries needed to build them. The European Commission announced plans in October to support Europe's wind energy industry, which will need to massively expand capacity to hit... Continue Reading →
Following the “Connect to Lead” strategy presented at the Capital Markets Day held last October 5th, Prysmian Group announces its new organizational structure to allow the group to pursue its mid-term ambitions and to sustain the long term leadership. Leveraging on the management continuity and valuing the succession planning pipeline, the designated CEO Massimo Battaini... Continue Reading →
BW Ideol AS, global leader in floating offshore wind, is pleased to announce the nomination of Laurent Verdier as Chief Business Development Officer, succeeding Bruno Geschier, who served the company faithfully for almost a decade. Laurent Verdier brings 25 years of experience in successfully developing and delivering projects for major energy players, mainly in wind... Continue Reading →
(TN) The Petrobras drill ship that will be responsible for drilling the Pitu Oeste well, on the Equatorial Margin, arrived in the state of Rio Grande do Norte. The vessel left Rio de Janeiro on December 6th and will begin operating later this month in the BM-POT-17 concession. The license to drill exploratory wells, in... Continue Reading →
(OGJ) Argentina’s Tecpetrol plans to produce 100,000 b/d of crude oil through Vaca Muerta projects Puesto Parada and Los Toldos II, said Ricardo Markous, chief executive officer. The company—which revolutionized the gas market in Argentina with the Fortín de Piedra field in Vaca Muerta where it has invested about $3.5 billion and produces a peak... Continue Reading →
(OET) Japan’s MODEC and Terra Drone Corporation, a compatriot drone and urban air mobility (UAM) technology company, have tucked what is said to be the world’s first approval from the American Bureau of Shipping (ABS), a classification society, for a drone-based FPSO hull thickness measurement under their belts. This comes after MODEC joined forces with Terra Drone Corporation... Continue Reading →
(TN) This December, Petrobras begins a gradual journey of transitioning the contracting platform with its suppliers. The migration from the Petronect Portal to the SAP Ariba solution, which has already taken place for invoice transactions, invoices and purchase orders for goods, will begin to encompass some of the company's contracting processes. The objective of the... Continue Reading →
(Reuters) - Argentina's new libertarian President Javier Milei announced a power sector "emergency" on Monday, saying his government would tighten control over the country's local gas and electricity regulators, and seek to allow long-controlled prices to rise. The outsider economist, who rode to power pledging to take a 'chainsaw' to state spending, has long targeted... Continue Reading →
Brazil Energy Insight 