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(Reuters) Colombia's majority state-owned energy company Ecopetrol will be more aggressive in exploring for oil under existing contracts, Chief Executive Ricardo Roa said on Wednesday, as the company warned external factors including weather and security issues could hit production. Ecopetrol, Colombia's biggest company and largest producer of oil, on Tuesday reported a 14% fall in first-quarter net... Continue Reading →
BNP Paribas, France's largest bank, will no longer provide any financing dedicated to the development of new oil and gas fields, and it reiterated it targets an 80% cut of its oil exploration financing by 2030. "BNP Paribas no longer provides dedicated financing for the development of new oil and gas fields, regardless of the... Continue Reading →
(Reuters) In the port city of Taichung on Taiwan's west coast, a crane hoists into place the end section of a white wind turbine tower that stands almost a hundred meters tall. The turbine will be one of 111 spinning at a multi-billion dollar offshore wind project located up to 60 kilometers into the Taiwan Strait, which... Continue Reading →
(QC) The Port of Long Beach has announced plans for Pier Wind, a giant floating offshore wind facility designed to help California and the nation achieve renewable energy goals. The facility, the largest of its kind at any U.S. seaport, will support the manufacture and assembly of offshore wind turbines as tall as the Eiffel... Continue Reading →
(Reuters) - Danish wind turbine maker Vestas (VWS.CO) on Wednesday reported an unexpected first-quarter profit and maintained its full-year guidance despite a tough backdrop for the industry. Despite booming demand for renewable energy, increased competition and soaring metal prices meant that Vestas did not manage to turn a profit last year. "The wind industry remains challenged by... Continue Reading →
Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform, has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L. (F. Carceller). "Gazelle’s shipbuilding approach for construction creates synergies for both companies, making this acquisition a practical fit to help the company accelerate... Continue Reading →
(OE) Japanese FPSO supplier MODEC has won a contract with Equinor to supply an FPSO vessel for the BM-C-33 block of the Campos Basin offshore Brazil. The order comes just days after Equinor and its partners Repsol Sinopec Brasil, and Petrobras took the $9 billion investment decision to develop the BM-C-33 project in Brazil. Located in the... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) denied on Tuesday that it was looking into acquiring Germany's biggest utility, RWE (RWEG.DE), in a deal worth 31 billion euros ($34.12 billion) as earlier reported by local media. Citing sources familiar with the matter, Spanish newspaper Okdiario said Iberdrola was working with JPMorgan to "analyse the possibility" of acquiring RWE and the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for April 2023. (1) It does not consider gas production at the Areia Branca, Fazenda Belém and Papa Terra Clusters, as it is consumed in... Continue Reading →
TechnipFMC has secured a “large” contract by ExxonMobil to deliver a subsea production system for a recently sanctioned oil development project in Stabroek block offshore Guyana. Under the contract awarded by ExxonMobil affiliate Esso Exploration and Production Guyana, TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system for the Uaru project. The... Continue Reading →
Brazil Energy Insight 