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(Reuters) - Colombia's state oil firm Ecopetrol is planning to cut some 1 trillion pesos ($232 million) in costs and expenses and signaled more flexibility in its investment plan for this year, Chief Executive Ricardo Roa said on Wednesday. Roa spoke in call with analysts as the oil firm faces falling oil prices that ate into... Continue Reading →
(eixos) Petrobras CEO Magda Chambriard confirmed that the company's Energy Transition and Sustainability Director, Maurício Tolmasquim, is leaving his position. The decision comes after Tolmasquim was appointed to the Board of Directors of Eletrobras by President Luiz Inácio Lula da Silva. Magda Chambriard spoke to the press during her participation in the Offshore Technology Conference... Continue Reading →
(offshoreWIND.biz) The American Bureau of Shipping (ABS) has awarded approval in principle (AiP) to Seatrium Marine & Deepwater Technology for its design of a floating wind semi-submersible (FWSS) column foundation for 15 MW turbines. Seatrium says that the design is optimised for efficient fabrication and cost-effectiveness while being capable of handling the harshest environments. The new... Continue Reading →
(OM) Petrobras has upped its oil and gas exploration budget to develop new frontiers and expand production, even as it intends to foster the “energy transition” and work towards the Net Zero by 2050 goal. Those were among the thoughts offered by Petrobras CEO Magda Chambriard at a technical session held on Monday at the... Continue Reading →
(Reuters) Wind turbine maker Vestas on Tuesday reported an unexpected operating profit for the first quarter, contrary to analysts' predictions of a loss, and kept its outlook for the year unchanged despite geopolitical uncertainty. The Danish company reported an operating profit before special items of 14 million euros ($15.8 million) against a year-earlier loss of... Continue Reading →
(offshoreWIND.biz) The Regulatory Authority (RA) of Bermuda has commenced the procurement process for the island’s first offshore wind project. The RA is inviting developers to express their interest in building and operating the offshore wind project, which is expected to be rolled out in phases, beginning with an initial installed capacity of 60 MW, expanding... Continue Reading →
(Reuters) - Subsidiaries of energy major TotalEnergies have applied for an environmental permit for a $16 billion green hydrogen and ammonia project in southern Chile, a regulatory filing showed on Monday. The project, run by the Chilean subsidiary TEC H2 MAG, is expected to begin operations in 2030 and includes a wind farm, seven electrolysis centers... Continue Reading →
(Reuters) - A coalition of Democratic state attorneys general sued on Monday in a bid to block President Donald Trump's move to suspend leasing and permitting of new wind projects, saying it threatens to cripple the wind industry and a key source of clean energy. Seventeen states and the District of Columbia in a lawsuit filed in federal... Continue Reading →
(Reuters) - Shell Plc (SHEL.L), opens new tab is working with advisers to evaluate a potential acquisition of rival BP Plc (BP.L), opens new tab, though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter. The oil major has... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the communication of November 11, 2024, informs that the second module of the Natural Gas Processing Unit (UPGN) of the Boaventura Energy Complex, located in Itaboraí (RJ), went into commercial operation. Added to the first module, inaugurated last year, the unit's total processing capacity reaches 21 million... Continue Reading →
