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(Reuters) - Mexican state-owned oil company Pemex reported a deeper $8.2 billion third-quarter net loss on Tuesday, hurt mostly by a weaker exchange rate even as it benefited from support from the country's new government. The company, in a filing with the Mexican stock exchange, posted a loss of around $4.5 billion in the third... Continue Reading →
(Reuters) - Investment in the green energy transition needs to double to $3.5 trillion per year if the world is to meet the Paris Agreement's goal of reaching net zero emissions by 2050, a report by Wood Mackenzie said on Tuesday. On top of the investment gap, the consultancy's analysis said global efforts to shift... Continue Reading →
(Reuters) - President Joe Biden's administration on Tuesday will kick off a sale of offshore wind development rights for eight areas off the coasts of northern New England, a key test of industry appetite for new investment after a year of high-profile setbacks. The auction of nearly 1 million acres (404,680 hectares) in the Gulf... Continue Reading →
(Reuters) BP on Tuesday reported a 30% drop in third quarter profit to $2.3 billion, the lowest in almost four years, weighed down by weaker refining margins and oil trading results. The drop in profit from a year earlier was, however, smaller than expected. It comes amid a slowdown in global economic activity and oil... Continue Reading →
Petrobras ended the 3rd quarter of 2024 (3Q24) with total own production of 2.689 million barrels of oil equivalent per day (boed), a volume practically in line with the previous quarter. Among the operational highlights of the period are the achievement of peak production of the FPSO Sepetiba, in the Mero field, with the start-up... Continue Reading →
(Reuters) Portugal's Galp Energia on Monday posted a 22% fall in third-quarter adjusted core profit, hit by lower oil output and a sharp drop in refining margins, but earnings still beat estimates for the period. The energy firm reported adjusted earnings before interest, taxes, depreciation and amortization of 820 million euros ($885 million), beating the... Continue Reading →
(eixos)The Senai Institute for Innovation in Renewable Energy (ISI-ER) and Chinese wind turbine manufacturer Mingyang signed a cooperation agreement on Thursday (24) for activities related to the offshore wind market in Rio Grande do Norte The intention is to develop local capacity. The state has 25.5 GW in projects with licensing requests from Ibama, out... Continue Reading →
(oilprice) Argentina’s shale province has been touted for years as the next Permian that would make the South American country a net exporter of energy after decades of import dependence. The Vaca Muerta shale basin is estimated to be the world’s second-largest shale gas deposit and the fourth-biggest resource of shale oil. However, Argentina’s... Continue Reading →
(Portos e Navios)The bidding round provides for a two-year contract, renewable for the same period, to support the preparation of conceptual projects and provide consultancy services for the company to participate in future processes for acquiring areas for offshore energy generation. On Tuesday (10/22), Petrobras launched tender to hire consultancy services for the preparation of... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI), opens new tab will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expectations. It reported an adjusted net profit of 1.27 billion euros, topping the 1.08 billion expected by analysts in a poll compiled by the company... Continue Reading →
Brazil Energy Insight 