ConocoPhillips doubles down on investor returns after bumper oil and gas profits

(Reuters) - ConocoPhillips (COP.N) reported a jump in third-quarter profit on Thursday, extending a string of bumper earnings from global oil producers benefiting from higher energy prices and robust demand, and sweetened its share repurchase plan to $45 billion. The company's larger U.S. rivals Exxon Mobil (XOM.N) and Chevron (CVX.N) have also reported strong results, rekindling calls for energy companies to... Continue Reading →

November 3, 2022 0

Bolsonaro backers call on Brazil military to intervene after Lula victory

(Reuters) - Supporters of Brazilian President Jair Bolsonaro on Wednesday held rallies to call for an armed forces intervention following the election of Luiz Inacio Lula da Silva, a move that military experts say is out of the question. The country's electoral authority on Sunday said Lula won almost 51% of the vote. Bolsonaro has... Continue Reading →

November 3, 2022 0

Mainstream, Ocean Winds Sign Seabed Lease for 1.8 GW Floating Wind Farm Off Shetland

(OED) Mainstream Renewable Power and Ocean Winds said Wendesdayhave signed the seabed lease agreement with Crown Estate Scotland to the value of £36million for the development of a 1.8 GW floating offshore wind farm off Shetland. The companies were appointed preferred bidder by Crown Estate Scotland during the ScotWind clearing process in August 2022. With... Continue Reading →

November 2, 2022 0

Japan’s TEPCO to Buy Scottish Floating Wind Firm Flotation Energy

Japan’s electricity utility Tokyo Electric Power Company (TEPCO) is set to acquire the Scottish floating wind specialist Flotation Energy. This is TEPCO's first investment in overseas wind power. Floation Energy founders Allan MacAskill and Lord Nicol Stephen developed Kincardine, the world’s largest floating windfarm in operation. Flotation Energy currently has interests in Morecambe in the... Continue Reading →

November 2, 2022 0

Net zero could lead to ‘the largest redeployment of capital in history’: BNY Mellon

(YF) The global net-zero goals set out by the Paris Agreement are still within reach — but achieving them will require a $100 trillion investment, according to a new report by BNY Mellon Investment Management and Fathom Consulting. That amount equates to around 15% of all global investment or 3% of global GDP over the next 30... Continue Reading →

November 2, 2022 0

Dolphin Drilling cleared to take part in Petrobras rig tenders

Offshore drilling contractor Dolphin Drilling has been re-approved as an official rig supplier and will be invited to participate in Petrobras’ upcoming rig tenders. This announcement comes after the drilling contractor confirmed in mid-September 2022 the activation on the Euronext N-OTC list, explaining that the listing was the first step toward a public listing of the company... Continue Reading →

November 2, 2022 0

New spud window for exploration well in Guyana as Noble rig gets delayed

Canada’s CGX Energy and Frontera Energy, partners in the Corentyne block offshore Guyana, have revised the spud window for their second exploration well on this block since the rig, which has been hired to carry out drilling operations, has run into delays on its current assignment. Following positive results from the first well, Kawa-1, Frontera Energy... Continue Reading →

November 2, 2022 0

Saipem Completes GBS Installation Works on Fecamp Offshore Wind Farm

Italian energy industry services firm Saipem said Wednesday it had, in consortium with Bouygues Travaux Publics and Boskalis (BSB), installed and ballasted the Gravity-Based Structures (GBS) foundations for the Fécamp offshore wind farm in Normandy, France. In 2020, the BSB Consortium was awarded the contract for the design, construction, and installation works of the GBS.... Continue Reading →

November 2, 2022 0

Vestas Cuts Outlook as Third Quarter Lags Forecast

(Reuters) Danish wind turbine maker Vestas reported on Wednesday a wider-than-expected operating loss for the third quarter, cutting its full-year outlook due to continued cost inflation and supply chain instability. Vestas cut its 2022 profit margin outlook to minus 5% from previously between minus 5% and 0%, and narrowed its full-year revenue forecast to between... Continue Reading →

November 2, 2022 0

Ecuador’s attorney general detains seven in Petroecuador corruption probe

(Reuters) - Ecuador's attorney general has detained seven people, including former officials, as part of an investigation into suspected corruption in state oil company Petroecuador, it said on Tuesday. Prosecutors carried out raids across several cities at the same time, with targets including Petroecuador's offices in capital Quito, after receiving information from authorities in the... Continue Reading →

November 1, 2022 0

Brazil Energy Insight

ConocoPhillips doubles down on investor returns after bumper oil and gas profits

Bolsonaro backers call on Brazil military to intervene after Lula victory

Mainstream, Ocean Winds Sign Seabed Lease for 1.8 GW Floating Wind Farm Off Shetland

Japan’s TEPCO to Buy Scottish Floating Wind Firm Flotation Energy

Net zero could lead to ‘the largest redeployment of capital in history’: BNY Mellon

Dolphin Drilling cleared to take part in Petrobras rig tenders

New spud window for exploration well in Guyana as Noble rig gets delayed

Saipem Completes GBS Installation Works on Fecamp Offshore Wind Farm

Vestas Cuts Outlook as Third Quarter Lags Forecast

Ecuador’s attorney general detains seven in Petroecuador corruption probe

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