Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Venezuela's state-run PDVSA has ordered over a hundred stations to begin selling diesel in dollars, reducing a subsidy that had allowed truckers and public transportation drivers to fill their tanks almost for free, according to documents and sources. Venezuela had set a diesel retail price of $0.50 per liter in late 2021 for... Continue Reading →
(Reuters) Chile state development office Corfo signed agreements with three companies on Thursday to fund industrial green hydrogen production, which it says could double current production worldwide. The move would boost economic development and help with energy transition and meeting the challenge of decarbonization, Corfo's executive vice president Jose Miguel Benavente said in a statement.... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said... Continue Reading →
(Reuters) - Shares of Brazil's state-run oil company Petrobras plunged on Tuesday after the government oustedits chief executive for the second time in two months and signaled plans to alter the company's market-based fuel pricing policy. President Jair Bolsonaro has railed against a series of fuel price increases by Petrobras, formally known as Petroleo Brasileiro... Continue Reading →
(PN) With an enviable portfolio of new offshore field developments, Brazil is expected to attract around 10% of the resources earmarked for new oil and gas projects worldwide by 2025. In addition, the country will receive a total of US$ 36.7 billion in investments in this period, which will be applied in the development of... 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 →
(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 →
(Reuters) A new set of factors beyond bidding price is gaining traction in global tenders to award licenses for offshore wind farms and will determine the winners and losers in a highly competitive industry, a new report by energy research firm Wood Mackenzie shows. "The focus is now shifting to multiple criteria to determine tender... Continue Reading →
(Reuters) - BlackRock Inc (BLK.N), JPMorgan Chase & Co (JPM.N) and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds. The money managers are under pressure from a new Texas law that prohibits... Continue Reading →
Brazil Energy Insight 