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(Reuters) Spanish power company Iberdrola is considering the sale of a stake in its U.S. renewables business to help to finance new investments, two sources with knowledge of the matter told Reuters. One of the sources said that Iberdrola had appointed a bank to work on a possible sale of a minority stake in the... Continue Reading →
(epbr) Perenco announced this Wednesday the departure of the FSO Pargo platform from a shipyard in Dubai, in the United Arab Emirates, heading to the Pargo field, in shallow waters in the Campos Basin. The unit is part of the concession's production recovery project, which foresees investments of US$ 400 million and promises to increase... Continue Reading →
(OET) Hellenic Cables has signed a contract with Asso.subsea for the transportation, installation, and protection of the 220 kV submarine export cable that will connect 50Hertz’s own transformer platform at the Windanker wind farm in the Baltic Sea to the national grid as part of the Ostwind 3 grid connection system. The overall system will... Continue Reading →
(Bloomberg) -- Brazil’s state-controlled oil giant Petrobras should abandon planned divestments in refining and natural gas and expand in those areas instead, according to a detailed report from President Luiz Inacio Lula da Silva’s transition team. The document, drafted in late 2022 by a group of energy experts aligned with Lula, recommends that Petrobras start... Continue Reading →
Greencoat Renewables has agreed to buy 22.5% of the Butendiek offshore wind farm in Germany from Marguerite Pantheon. The wind farm is located in Germany's exclusive economic zone in the North Sea and consists of 80 Siemens Gamesa 3.6 MW turbines that have been operational since 2015. Butendiek benefits from a fixed-price FiT until December... Continue Reading →
(Reuters) - The nomination of a Brazilian senator and longtime energy consultant to lead Petrobras (PETR4.SA) suggests President-elect Luiz Inacio Lula da Silva wants the state-run firm to pivot to more renewable energy projects. Since 2019, Petroleo Brasileiro SA has doubled down on deep, and ultra deep-water exploration and production, while also selling off less productive assets... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 10/21/2022, informs the beginning of the binding phase regarding the sale of its onshore fiber optic network. Potential buyers qualified for this phase will receive a process letter with instructions on the divestment process, including guidelines for conducting due diligence and for submitting... Continue Reading →
(Reuters) Brazilian oil company Petroreconcavo SA has agreed to buy Maha Energy's subsidiary in the Latin American country, the companies said on Wednesday, marking another step in the Brazilian firm's ongoing expansion. According to a securities filing, Petroreconcavo will pay $138 million for 100% of Maha Brasil, which operates oilfields in the country's northeastern region,... Continue Reading →
(Reuters) - Brazil's small- and medium-sized oil firms are set to invest some 40 billion reais ($7.74 billion) in onshore fields by 2029, according to a survey by the country's independent oil and gas producers association Abpip. The group, which includes companies such as Eneva (ENEV3.SA) and PetroReconcavo (RECV3.SA), aims to extend the lifespan of and increase production... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/12/2022, informs that its Executive Board approved adjustments to the competitive process for the sale of all of its 18.80% stake in UEG Araucária S.A. (UEGA), with the end of the current phase and the restart of the process. In this process, Petrobras... Continue Reading →
