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(Reuters) Italian energy group Eni has sold a 20% stake in its retail and renewables business Plenitude to U.S. alternative investment manager Ares Management Corp for about 2 billion euros ($2.3 billion), it said on Monday. The transaction is part of the Italian group's long-term strategy to find partners to jointly develop its businesses and... Continue Reading →
Reuters) - Exxon Mobil and Chevron on Tuesday took their first steps toward exploring for oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by the country in the promising but environmentally sensitive area. The bids came as state-run Petrobras touted signs of breaking a stalemate on licensing in the offshore region near the mouth... Continue Reading →
(Reuters) -Brazilian businessman Nelson Tanure has begun talks with the banks that will be key to his bid for petrochemical firm Braskem , he told Reuters, as he aims to clinch a deal this year and give oil giant Petrobras a larger role in operations. Braskem is Latin America's largest petrochemical firm, and its controlling... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or the “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, on this date, it has entered into an Asset Purchase and Sale Agreement (the “Agreement”) with PETRORECONCAVO S.A. (“PetroReconcavo”), regarding the sale of 50% of (i) the Natural Gas Processing... Continue Reading →
By STEVEN GRATTAN Associated Press (AP) — Colombia’s ambitious plans for wind energy development, especially in the resource-rich La Guajira region, are facing serious setbacks as major companies pull out and projects stall, industry experts say. Margarita Nieves, director of the Colombian Offshore Wind Research Network, told The Associated Press that despite large targets — including... Continue Reading →
Aurora Energy Services (Aurora) has acquired Encomara, a specialist in floating wind deployment systems and subsea engineering, and will provide significant investment to support the roll-out of its flagship mooring connection technology. The acquisition brings into the Aurora fold Encomara’s innovative SQUID system - a proprietary quick-connect system that integrates pre-installed mooring and electrical connections... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs it has submitted a declaration of interest for exploratory blocks on the offshore areas of the Ivory Coast, a country located on the west coast of Africa. The Ivory Coast government, through its Council of Ministers, approved Petrobras' declaration of interest for nine blocks. This is the first phase... Continue Reading →
(Reuters) - Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields. The planned acquisition, announced in October 2023, is one of the oil industry's biggest deals in years. It is key... Continue Reading →
(Reuters) - Brazilian businessman Nelson Tanure has made an offer to acquire a controlling stake in Braskem, a securities filing showed on Friday, confirming local media and Reuters reports that cited sources earlier in the day. The tycoon is looking to acquire conglomerate Novonor's (ODBES.UL) stake in Braskem for an undisclosed value, according to the... Continue Reading →
(Reuters) - Colombian state-run oil company Ecopetrol said on Tuesday it agreed to buy 10 wind and solar energy project development companies from Norway's Statkraft. Ecopetrol CEO Ricardo Roa said the portfolio of projects could total up to 1.3 gigawatts in capacity, but did not disclose the value of the transaction. Statkraft bought the assets last... Continue Reading →
Brazil Energy Insight 