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December 5, 2024 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) hereby informs its shareholders and the market in general that after satisfaction of the conditions precedent, the formal procedures for the closing of the acquisition of 40% interest in the Peregrino and Pitangola Fields (“Field” or “Peregrino”) have been concluded and, as of this... Continue Reading →
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy. (Reuters) The changes are part of a company-wide review launched in 2023 aimed at reducing costs as CEO Wael Sawan focuses... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC), opens new tab has agreed to sell oil and gas production assets in Colombia to Geopark (GPRK.N), opens new tab for $530 million, the two companies said on Friday. The assets include Repsol's oil extraction operation in central Colombia and a 25% stake in SierraCol Energia Arauca, the Spanish company said in... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has started the teaser stage for the transfer of its 25% minority stake in the Tartaruga Field, located in the town of Pirambu-SE, in shallow waters of the Sergipe-Alagoas Basin, operated by SPE Tiêta (Petrorecôncavo). The teaser, which contains the main information about the opportunity and the... Continue Reading →
(Reuters) - Brazil's government and several of its largest commercial banks are working on a plan to speed the divestment of engineering group Novonor's majority stake in Braskem, Latin America's largest petrochemical company, according to six people familiar with the talks. Novonor, which changed its name from Odebrecht after a major graft scandal nearly a decade... Continue Reading →
(Reuters) TotalEnergies is seeking environmental authorization to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday. Oil companies including Shell are looking towards South Africa's west coast, close to the border... Continue Reading →
(Reuters) - Peru's indebted state-run oil firm PetroPeru could consider offering a minority stake to private investors in the second half of 2025, when the company hopes to emerge from a crisis and post profits, Chairman Alejandro Narvaez told Reuters on Wednesday. At an interview in his office in Lima, Narvaez said the offering would only start... Continue Reading →
(Reuters) - Swiss asset manager Energy Infrastructure Partners (EIP) will raise its stake in Eni's Plenitude unit to 10%, in a deal that values the group's retail and renewable business at more than 10 billion euros ($11 billion) including debt. The Italian energy group said in a statement on Monday that EIP had agreed to subscribe... Continue Reading →
(offshorewind.biz) Dominion Energy revealed that 78 monopile foundations and four offshore substations were installed at the 2.6 GW Coastal Virginia Offshore Wind (CVOW) project in the US during the first installation season. Dominion Energy said that it achieved its initial goal of installing at least 70 monopiles into the seafloor 27 miles off the coast... Continue Reading →
(Reuters) - Chevron Corp beat Wall Street estimates for third-quarter profit on Friday, helped by higher oil and gas output, but its earnings fell from a year ago. The U.S. company, whose proposed $53-billion takeover of Hess has been delayed due to a challenge by rivals Exxon and CNOOC Ltd , reported an adjusted profit of $4.53 billion, compared to... Continue Reading →
Brazil Energy Insight 