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(Reuters) - Spanish utility Iberdrola (IBE.MC) posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall in Spain that the company's chairman partly blamed on government overregulation. Energy prices in Europe have soared since Russia invaded Ukraine in February, which has hit markets that were... Continue Reading →
(OE) German renewable energy giant RWE said Wednedsay it had filed bids for all five offshore wind seabed permits in the Polish Baltic Sea, offered by the Polish government. Sven Utermöhlen, CEO Offshore Wind, RWE Renewables: “RWE is clearly committed to contributing to the Polish energy transition by delivering the government’s offshore wind build-out programme.... Continue Reading →
(epbr) Recently privatized, Eletrobras plans hybrid plants with floating solar generation in reservoirs “The fuel of the next decade will most likely be hydrogen. And the hydrogen that will be most valued in the world is the green one”, declared Wilson Ferreira Júnior, president of Eletrobras. During an event on green freight this morning, the... Continue Reading →
(Reuters) - U.S. oil and gas producer Hess Corp (HES.N) reported a quarterly profit which topped Wall Street's estimates on Wednesday, on the back of higher crude prices amid tighter energy supplies following Russia's invasion of Ukraine. Oil prices have pulled back but were still trading at eight-year highs amid Western sanctions against major exporter Russia and... Continue Reading →
(Reuters) Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia. Wintershall Dea was looking into whether the international business it is pursuing could be legally separated... Continue Reading →
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR), light construction and recycling services to DeepOcean’s customers in the... Continue Reading →
Offshore wind service provider SeaRenergy said Wednesday it had secured a contract for offshore infrastructure services from Siemens Energy. The scope of work comprises integrated onshore and offshore logistics services executed during the commissioning of DolWin6 converter platform in the German Bight. DolWin6 is TenneT's 13th offshore grid connection system in the German North Sea... Continue Reading →
lenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project. The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea, when completed in 2027. As the owner’s engineer, DNV will drive the pre-Front End... Continue Reading →
The Norwegian offshore vessel owner DOF said Wednesday it had won contracts and contract extensions for several of its vessels in Brazil, West Africa, and the North Sea region. The estimated firm backlog for these contracts is approximately NOK 260 million (~$25,2 million) In Brazil, the national oil company Petrobras has awarded an extension for... Continue Reading →
U.S. oil and gas major ExxonMobil has made two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that... Continue Reading →
Brazil Energy Insight 