Power Lords!

a.k.a. Serpente do Poder

published by Philips in 1983, running on Magnavox Odyssey2

type: shooter
perspective: side view
player options: single player

languages: eng

Official description

As superhero Adam Power, you're the pilot of a space sled on patrol around the explosive Volcan Rock, an active volcano which frequently blows its top. And what better cover for the bad guys? Gryptogg, Raygoth and Arkus are perfecting their evil plans for a "gravitational ray" which basically amounts to a portable black hole - its gravity can alter the course of your space sled if you're on a direct horizontal line-of-sight with it.
Add to that meteors pummeling the ground from space and the enormous laser-eyed space serpent, and you've got your hands full just staying alive, let alone battling evil