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(Reuters) Eversource Energy on Thursday agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash. The agreement to sell the lease area of about 175,000 developable acres is expected to close in the third quarter of 2023 and... Continue Reading →
(Reuters) A unit of Mexico's Grupo Carso, controlled by the family of Mexican billionaire Carlos Slim, said on Thursday it has purchased a minority stake in Talos Energy Mexico for $124.75 million to obtain a portion of the offshore Zama oil project. The acquisition needs approval of Mexican regulators, Carso said in its statement. The... Continue Reading →
(Reuters) - Chevron (CVX.N) has launched a sale process for its oil and gas assets in Congo as the U.S. energy giant continues to focus operations on newer and more profitable production, industry sources said. The Congo assets could fetch up to $1.5 billion, according to two sources close to the process. Chevron received bids for the... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations. The filing is the first disclosure of 2022 profits Exxon, Hess Corp (HES.N) and CNOOC Ltd (0883.HK) earned from oil produced... Continue Reading →
Exclusive article from TN Magazine The oil industry's activity resembles a moving bicycle. Without new impulses, the activity remains for a while, but tends to gradually decline and eventually cease. In the oil sector, these impulses can be given in two ways: with the exploration of new areas; or with investments in existing fields to... Continue Reading →
(OE) Denmark-based power cable-making and installation firm NKT said it would invest around one billion euros in its high-voltage power cable business, including a new high-end cable laying vessel, and a new offshore cable production plant in Sweden. NKT said the investment was needed so the company can deliver on its recently secured significant order... Continue Reading →
(Reuters) British power generator and network operator SSE Plc on Wednesday set out plans to invest up to 40 billion pounds ($50.48 billion) this decade on clean energy projects and called on the government to ensure the country remains competitive. Britain is aiming to ramp up its renewable power capacity as it seeks to meet... Continue Reading →
(OE) Big Western wind turbine makers need direct financial support to make the investments needed to aid decarbonisation, Siemens Gamesa's operating chief said on Tuesday. The challenge for a turbine maker like Siemens Gamesa, a unit of Germany's Siemens Energy ENR1n.DE, to grow is that it needs to invest billions of euros but does have... Continue Reading →
(OET) Offshore drilling contractor Seadrill has managed to enhance its operational and financial performance in the first quarter of 2023. With the offshore drilling upcycle in full swing, the Bermuda-headquartered rig owner believes it is well-positioned to take advantage of the improvements in the market, aided by its recent acquisition of Aquadrill. As the tightening... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts disclosed on 03/01/2023 and 04/24/2023 and Notice to the Market of 05/15/2023, informs that today it has paid 1st installment of complimentary dividends approved in the Annual General Meeting (AGM) held on 04/27/2023. The gross amount distributed today was adjusted by the Selic interest... Continue Reading →
Brazil Energy Insight 