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(Reuters) - Supporters of Brazil's far-right former President Jair Bolsonaro on Sunday invaded the country's Congress, presidential palace and Supreme Court, in a grim echo of the U.S. Capitol invasion two years ago by fans of former President Donald Trump. Leftist President Luiz Inacio Lula da Silva, who defeated Bolsonaro in the most fraught election... Continue Reading →
(UPI) -- Two companies are now tasked with mapping the shallow waters off Norway to advance the nation's offshore wind energy footprint, the government said Friday. The Norwegian Petroleum Directorate, the nation's energy regulator, awarded contracts to Dutch geological data firm Fugro and geoscience consultant Enviros to map the shallowest areas under the seabed for potential wind energy... Continue Reading →
(Bloomberg) -- Brazil’s state-controlled oil giant Petrobras should abandon planned divestments in refining and natural gas and expand in those areas instead, according to a detailed report from President Luiz Inacio Lula da Silva’s transition team. The document, drafted in late 2022 by a group of energy experts aligned with Lula, recommends that Petrobras start... Continue Reading →
Petro Rio S.A. (“PRIO” or “Company”) (B3: PRIO3), following the Material Fact disclosed on the 1st of September, 3rd and 24th of October, December 8 and 16 of 2022, announces that the payment, by Petro Rio OPCO Exploração Petrolífera S.A. (“OpCo”), a subsidiary of the Company, of the redemption value of the PNB Shares assigned... Continue Reading →
(OWB) CSSC Haizhuang Wind Power, a subsidiary of China State Shipbuilding Corporation (CSSC), has rolled out the nacelle of the H260-18MW offshore wind turbine prototype. The H260-18MW has a rotor diameter of 260 metres and an individual capacity of 18 MW, making it the largest and the most powerful wind turbine currently on the market... Continue Reading →
(PH) Petrobras to launch as soon as possible the notice for the charter of the two Floating Storage and Transfer Units (FPSOs) for Sergipe Aguas Profundas (SEAP). According to the website, the state-owned company intended to publish the notice at the end of last year awaiting the approval of the project's partners, the companies Bharat... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Key: (1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, with expected resumption in 1Q23.... Continue Reading →
Philip Lewis, Contributor (OE) The drivers for global offshore wind growth look good for 2023. Global offshore wind is forecast to grow from over 60 GW at the end of 2022 to 240 GW by 2030 and over 410 GW by 2035. But the sunny outlook must be balanced with some building dark clouds. As we... Continue Reading →
(Reuters) - Venezuelan President Nicolas Maduro on Friday named Pedro Rafael Tellechea as the new head of state oil company Petroleos de Venezuela (PDVSA) (PDVSA.UL) and said Yvan Gil Pinto would become the new foreign minister. Venezuela's oil exports last year declined due to infrastructure outages, U.S. sanctions and rising competition in its Asia market despite assistance... Continue Reading →
(Reuters) - Brazil's real will stay under pressure while the new government mulls fiscal reforms to allow for higher welfare spending, but losses should subside as money dealers head out for their summer break in the Latin American nation, a Reuters poll showed. The currency , has depreciated 2.6% to 5.43 per U.S. dollar since President Luiz... Continue Reading →
Brazil Energy Insight 