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(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia's Ecopetrol (ECO.CN) in the Andean country, a Petrobras executive said at a Houston energy conference on Monday. Petrobras and Ecopetrol last year announced a natural gas discovery at the Uchuva-1 deepwater well... Continue Reading →
(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →
(Reuters) Colombia's majority state-owned oil company Ecopetrol will use new technology, including artificial intelligence, to improve exploration success rates and boost output from existing fields, new Chief Executive Ricardo Roa said on Monday. Roa officially took over as CEO on Monday following his appointment earlier this month, replacing former chief Felipe Bayon amid a push... Continue Reading →
(OM) PGS has released the first data from its new Pacific MegaProject covering prospective areas across much of Colombia's offshore Tumaco and San Juan basins. The company has reprocessed all available data in the target area to produce a single unified and rejuvenated MegaProject dataset. This is said to provide new insights into potential petroleum system... Continue Reading →
Corio Generation, part of Macquarie’s Green Investment Group, said Thursday it was joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power. Corio has pledged to work... Continue Reading →
(Reuters) Colombia's majority state-owned energy company Ecopetrol has appointed Ricardo Roa as its new chief executive, the company said in a statement late on Tuesday, adding he will assume the role from April 30 at the latest. Roa's appointment follows the recent exit of former chief executive Felipe Bayon, who stood down from the role... Continue Reading →
Colombian majority state-owned energy company Ecopetrol on Friday named Alberto Consuegra as its interim CEO, taking over from Felipe Bayon who stands down at the end of the month following more than five years in the top position. Ecopetrol announced in January that Bayon would leave, with his departure representing a shake-up for Colombia's biggest company... Continue Reading →
(Reuters) - Colombia's Ecopetrol must focus on growing its oil and gas production to fund the transition towards renewables, said Saul Kattan, the chairman of the majority state-run energy company. Colombia could be a world leader in production of renewables like wind and green hydrogen, Kattan told Reuters late on Wednesday, but the company, the... Continue Reading →
(OM) More countries plan to stage their first offshore wind lease rounds in 2023, according to the latest Global Market Overview from TGS subsidiary 4C Offshore. At the same time, project development and FIDs will slow offshore wind expansion in the short term. The report cites slow permitting, delays in offtake auctions, supply chain issues... Continue Reading →
(epbr) Global Energy Monitor (GEM) report shows that Latin America has the potential to increase its solar and wind energy capacity by more than 460% by 2030 if all 319 gigawatts (GW) of large-scale new projects announced, in pre- construction or under construction come into operation. This represents an increase of almost 70% in relation... Continue Reading →
Brazil Energy Insight 