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(Reuters) ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said. The company already has a presence in both continents through stakes in projects in Mozambique,... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of January. Key: (1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, with expected resumption in 1Q23.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/22/2022, informs the beginning of the non-binding phase regarding the sale of its 18.8% stake in the capital stock of UEG Araucária S.A. (UEGA), together with its partners, Companhia Paranaense de Energia - COPEL and COPEL Geração e Transmissão S.A., which hold, respectively,... Continue Reading →
In 2022, we delivered an excellent operational performance, meeting all production targets for the year, with the following marks recorded: In 2022, we achieved an annual record in operated production, with an average of 3.64 MMboed. This result was mainly due to the start-up of FPSO Guanabara (Mero field) and P-71 (Itapu field), as well... Continue Reading →
(Reuters) - Dominion Energy Inc's (D.N) offshore Virginia wind farm is "on track and on budget," and recently entered a critical phase of the environmental review process for the project, executives of the electric utility told investors on Wednesday. A roughly month-long public comment period on the environmental impact study of the 2.6 gigawatt project, which is... Continue Reading →
(Reuters) The Danish Energy Agency has suspended reviewing existing and new applications to install new wind farms and other renewable energy projects in the country over a potential conflict with European Union law, it said in a statement late on Monday. "The Danish Energy Agency has suspended the processing of offshore wind projects and other... Continue Reading →
(Reuters) - Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions. The profit surge gave the oil companies scope to increase spending on oil and... Continue Reading →
A new chemical process discovered as part of a Vestas-led project removes the need for changing the design or composition of the material used for wind turbine blades to make them recyclable as it allows for epoxy-based blades to be broken down into raw material that can be reused to make new wind turbine blades... Continue Reading →
(PN) Enauta announced that its production throughout the month of January reached the level of 16.1 thousand barrels of oil equivalent per day. The volume represents a drop of 13.9% compared to the month of December, when production was 18.7 thousand barrels of oil equivalent per day. The Atlanta field, the company's main asset, produced... Continue Reading →
(OE) Heavy Lift Projects Ltd (HLP), a provider of offshore wind farm logistics, said Tuesday it had completed a funding round with private investors and opened its first office in Edinburgh. The company said that Capercaillie (Investments) Ltd and Giles W Pritchard-Gordon & Co Ltd have committed a "multi-million-pound" investment, which will be used to... Continue Reading →
Brazil Energy Insight 