(Reuters) - BP (BP.L) named Anja-Isabel Dotzenrath, a former chief executive of RWE Renewables, to oversee the British company's rapid expansion into renewable energy following the unexpected departure of BP's head of low carbon and natural gas Dev Sanyal. Dotzenrath's appointment comes at a time when BP, under the leadership of CEO Bernard Looney, seeks to rapidly... Continue Reading →
Chevron triples low-carbon investment, pledges $10 billion through 2028
(Reuters) - Chevron Corp (CVX.N) said on Tuesday it has tripled its low-carbon investment to $10 billion through 2028, as global oil companies rush to shift away from the fossil fuel due to the mounting pressure from investors and environmentalists. "With the anticipated strong cash generation of our base business, we expect to grow our dividend, buy... Continue Reading →
NFE and Hydro Finalize Definitive Commercial Terms for Natural Gas Supply to the Alunorte Alumina Refinery in the State of Pará, Brazil
New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has executed definitive commercial terms with a subsidiary of Norsk Hydro ASA (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years. “We are excited to partner with Hydro to transition the Alunorte refinery to... Continue Reading →
Neptune Energy, Harbour Energy consider merger valued near $10 billion
(Bloomberg) --Neptune Energy Group Ltd., the private equity-backed explorer, is considering options including a merger with Harbour Energy Plc that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said. Neptune, part-owned by Carlyle Group Inc. and CVC Capital Partners, is working with an adviser as it studies... Continue Reading →
Baker Hughes, Schlumberger count on clean energy for growth
(Reuters) - Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving away from fossil... Continue Reading →
Mexico’s new finance minister supports Pemex, but won’t modify laws
(Bloomberg) --Mexico’s new Finance Minister Rogelio Ramirez de la O said he will continue support for state oil giant Pemex, but it’s too late to change the country’s oil laws. “The government is in full position to keep supporting Pemex,” Ramirez de la O said at a Moody’s event Thursday. But the government will also... Continue Reading →
Brazil minister warns of deeper energy crisis amid worsening drought
(Reuters) - Brazil's Mines and Energy Minister Bento Albuquerque on Tuesday warned that the country's energy crisis was worse than previously thought, as a record drought hampers hydropower generation. In a televised national address preempting the nightly news, Albuquerque said that the crisis had deepened. Water reserves at hydropower plants have already fallen to their... Continue Reading →
Petrobras signs contract for the sale of Breitener Energética S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/16/2019, informs that it signed today a contract for the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP. The sale... Continue Reading →
PetroChina aims for even split for oil, gas, green energies by 2035
(Reuters) - PetroChina (601857.SS)aims to have oil, gas and green energies to each account for a third of its portfolio by 2035, it said on Thursday, as the Chinese oil major shifts toward a lower-carbon future. For PetroChina, Asia's largest oil and gas producer, natural gas currently accounts for about 47% of total output and oil... Continue Reading →
EQUINOR IN LINE TO LICENSE OFFSHORE ARACATU WIND COMPLEX
(PetroleoHoje) IBAMA released the map showing the location of offshore wind energy generation projects that are in the licensing process. Of the 23 projects, only one belongs to an oil company. It is the Aracatu wind farm, owned by Equinor, which will have a generation capacity of 4 GW. The Aracatu I and Aracatu II... Continue Reading →
