Exclusive: Largest players drop out of Enel’s Brazilian power distributor sale process

(Reuters) - Major international players have dropped out of the bidding process for a Brazilian power distributor owned by Enel SpA (ENEI.MI), leaving two local firms competing head-to-head for the asset, three sources with knowledge of the matter said. Equatorial Energia (EQTL3.SA) and Energisa SA (ENGI11.SA) were the only companies still interested in Celg-D, which distributes power to the center-west... Continue Reading →

July 12, 2022 0

Brazil waking up to offshore wind and hydrogen potential – Long read

(Upstream) As the world begins the shift towards cleaner and more efficient sources of energy, Brazil's focus can sometimes seem to be fixed on fossil fuels. This is understandable, considering Brazil's pre-salt oil fields are capable of producing more competitively and, advocates say, with lower emissions than just about any other offshore province. In a... Continue Reading →

July 12, 2022 0

EDF shares surge as France eyes nationalisation cost of 8 billion-10 billion euros

(Reuters) - EDF (EDF.PA) shares surged on Tuesday, after two sources told Reuters that the French government was poised to pay more than 8 billion euros ($8 billion) to bring the power giant back under full state control. One of the sources said the cost of buying the 16% stake the French state does not already own... Continue Reading →

July 12, 2022 0

Petrobras on Route 3 Integrated Project

Petróleo Brasileiro S.A. – Petrobras informs that it is reassessing the date for the start of operation of the Route 3 Integrated Project, scheduled for the second half of 2022, due to the demobilization of the workforce of the company SPE Kerui-Método, responsible for the works of the Natural Gas Processing Unit (UPGN) of the... Continue Reading →

July 12, 2022 0

Mexico’s Pemex Slides Deeper into Junk as Moody’s Cuts Rating

(Reuters) Mexico's state-owned oil company Pemex plunged deeper into so-called junk status on Monday after a major credit rating agency downgraded its long-term debt by one notch. Moody's Investors Service cut Pemex's credit rating to B1 from Ba3, or four notches into the agency's speculative status, reflecting a higher risk of default for the company formally known... Continue Reading →

July 12, 2022 0

The State of Rio de Janeiro sees oil and gas industry as a competitive advantage for hydrogen and offshore wind

Rio de Janeiro is betting on the existence of a consolidated oil and gas industry as a competitive advantage for the state's energy transition towards offshore wind power generation and hydrogen production. The Rio de Janeiro government sees a potential to attract investment of around US$ 85 billion in offshore energy generation, but will wait... Continue Reading →

July 11, 2022 0

Argentina holds tender for new gas pipeline, key to reversing energy deficit

(Reuters) - Argentina will take a key step on Friday in the construction of a major new natural gas pipeline for its huge Vaca Muerta shale formation, vital to helping the South American country reverse a deep energy deficit that is costing it billions of dollars. The government, rattled by a recent shakeup in the... Continue Reading →

July 8, 2022 0

EDF plans hybrid offshore wind and hydrogen projects in Brazil

(epbr) With a portfolio of 1.7 GW of onshore wind and solar generation in Brazil, including projects in operation, under construction or authorized, French EDF Renewables, an arm of EDF, is now targeting hybrid projects that combine offshore wind and green hydrogen (H2V) in the country. “We are very interested and we want our portfolio... Continue Reading →

July 8, 2022 0

Colombian court backs rules on fracking, opens door for commercial projects

(Reuters) - Colombia's highest administrative court on Thursday ruled against a lawsuit looking to nullify rules that would allow fracking projects in the Andean country, effectively overturning a moratorium on the commercial development of non-conventional oil and gas deposits, it said in a statement. The Council of State in rejecting the suit said the rules... Continue Reading →

July 8, 2022 0

Hexicon’s TwinHub Wins First First-ever Dedicated CfD for Floating Wind in UK

Hexicon AB’s TwinHub floating wind project in the Celtic Sea was successful in the latest UK Government's Contracts for Difference (CfD) Allocation Round (AR4). Hexicon has been awarded a CfD for its 32MW floating wind project at a strike price of £87.30/MWh (2012 real prices) taking the project a significant step closer to completion. The... Continue Reading →

July 7, 2022 0

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Category: Energy

Exclusive: Largest players drop out of Enel’s Brazilian power distributor sale process

Brazil waking up to offshore wind and hydrogen potential – Long read

EDF shares surge as France eyes nationalisation cost of 8 billion-10 billion euros

Petrobras on Route 3 Integrated Project

Mexico’s Pemex Slides Deeper into Junk as Moody’s Cuts Rating

The State of Rio de Janeiro sees oil and gas industry as a competitive advantage for hydrogen and offshore wind

Argentina holds tender for new gas pipeline, key to reversing energy deficit

EDF plans hybrid offshore wind and hydrogen projects in Brazil

Colombian court backs rules on fracking, opens door for commercial projects

Hexicon’s TwinHub Wins First First-ever Dedicated CfD for Floating Wind in UK

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