Petrobras is studying how Chevron Corp. managed to resume operations in Venezuela. : Petrobras is studying how Chevron Corp. managed to resume operations in Venezuela to see if it makes sense for Brazil’s state-controlled oil company to reenter the oil-rich nation, Chief Executive Officer Jean Paul Prates said. It makes “geopolitical sense” for Petrobras to look at expanding into Venezuela and Bolivia because they are neighboring countries with vast potential for oil and gas, Prates said in a televised interview late Monday. Prates said he sees potential for natural gas in Bolivia even though output there has been declining.
Former executives and a labour union leader of state-run Electricity Generating Authority of Thailand (Egat) have called on the government to allow Egat to produce more power in order to depend less on electricity purchased from power companies, which is blamed for placing an additional financial burden on Egat.
"By underinvesting, we are actually endangering energy security," Haitham Al-Ghais told CNN on Monday. : If the global economy wants to avoid spiking energy prices, oil industry investments need to substantially pick up, OPEC Secretary-General Haitham Al-Ghais told CNN. Through 2045, the industry will require at least $12 trillion in investments to avoid potentially costlier crude, he said. "By underinvesting, we are actually endangering energy security," he said on Monday, speaking on the sidelines of the ADIPEC energy conference. "I think there are serious possibilities that prices, the volatility, will be increasing as demand grows."
Cultivate Power Secures $10M Equity Investment From Generate Capital To Develop And Build Clean Energy Infrastructure In Emerging Community Solar Markets
The partnership supports affordable, resilient power projects across the US CHICAGO, Oct. 2, 2023 /PRNewswire/ -- Cultivate Power, a distributed solar and storage project developer committed to strengthening communities, the grid, and climate stability, today announced it has secured a...
Tongwei Solar's entry into the Australian solar market has triggered disruption in recent months, amplified by the ongoing global decline in panel prices, which solar analyst Warwick Johnston says has yet to fully affect the country.
As green investment rushes into the developing world, the infrastructure-focused firm hews to a multipronged strategy that includes political-risk insurance and euro-based contracts for projects in Africa.
The oil leasing plan being released by the Interior Department on Friday will contain only a low number of sales, according to people familiar with the deliberations.
(IN BRIEF) ZF Wind Power and Vestas are addressing the growing demand for wind energy and larger offshore wind turbines with the V236-15.0 MWTM powertrain. This powertrain aims to push the boundaries of offshore wind energy production, with a single … Read the full press release →
State Grid Binzhou Power Supply Company Safeguards People's Livelihood In The Yellow River Basin, Advances Local Clean Energy Transformation To Support Ecological Protection
BINZHOU, China, Sept. 29, 2023 /PRNewswire/ -- Committed to ensuring power supply to support and improve local construction of people's livelihoods and orderly productions, State Grid Binzhou Power Supply Company ("State Grid Binzhou") has invested a total of 14.4185 million yuan (US$1.97...
Let's break down several key renewable energy resources and what investors can look forward to in the 2020s. : Renewable and clean energy technologies are already seeing historic levels of investment in the early 2020s, and there's plenty of growth left to go and the last several years proved turbulent for the energy industry as a whole, including trials during COVID lockdowns. However, in 2023, a clearer course emerged for renewable energy in key markets around the globe.