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African investment platform for the energy sector Energy Capital & Power has listed six key capital expenditure LNG project developments to watch in West Africa. The theme for this year’s MSGBC Oil, Gas & Power Conference & Exhibition is ‘The Future of Natural Gas: Growth Using Strategic Investment and Policymaking.’ This is a response to growing investor interest in... Continue Reading →
Tekmar Group said Wednesday it had won a significant new contract to provide an integrated engineering solution, including Cable Protection Systems ("CPS"), for an offshore wind farm project in the U.S. The contract is expected to be delivered in 2023, Tekmar said, without sharing info on the identity of the client. Alasdair MacDonald, CEO of... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras clarifies the pieces of news in the media about the natural gas purchase agreement signed between Petrobras and Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). In 1996, Petrobras entered into a long-term natural gas purchase and sale contract with YPFB, with a contracted volume of 30 MM m³/day. In 2019, the National... Continue Reading →
(OP) Brazil's state oil major Petrobras has warned the government that the country could slip into a diesel shortage this year unless the company is allowed to sell the fuel at market prices. According to a Reuters report, Petrobras had told the Brazilian government that it will be difficult for it and for other fuel importers... Continue Reading →
FPSO leasing firm BW Offshore has secured a one-year contract extension for the lease and operation of the FPSO Espoir Ivoirien. The firm period has been extended until the end of Q1 2023. The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International (Cote D'Ivoire) SARL. Financial terms of the... Continue Reading →
(Reuters) - Iranian state firms have started preparations to revamp Venezuela's largest oil refinery, the 955,000-barrel-per-day Paraguana Refining Center, four people close to the talks said, following a contract to repair its smallest facility. A deal would deepen an energy relationship that has become a lifeline for Venezuela's dilapidated oil industry amid a crisis caused... Continue Reading →
BW Ideol, a company that builds foundations for floating wind farms, has signed an agreement with the EDF Renouvelables and Maple Power consortium to cooperate on the design of floating foundations for the AO6 floating offshore wind tender in the French section of the Mediterranean Sea. EDF Renouvelables is a subsidiary of the EDF group,... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) warned on Monday that a turnaround at Siemens Gamesa (SGREN.MC) will take several years, adding a 4.05 billion euro ($4.3 billion) bid to buy out minorities of the struggling wind turbine unit was the only way to fix the issues. "It's nothing which will go fast," Siemens Energy Chief Executive Christian Bruch told journalists... Continue Reading →
(OE) The UK government on Friday appointed Tim Pick as the UK's first Offshore Wind Champion, as a £160 million (around $199,6 million) floating offshore wind fund opens for expressions of interest. "Ambitious plans to expand offshore wind around the United Kingdom to power homes and businesses with cheap, homegrown energy received a further boost... Continue Reading →
Brazil Energy Insight 