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(Reuters) - Guyana has received preliminary approval from the U.S. Export-Import Bank for a more than $500 million loan guarantee to support a natural-gas fired power project and gas processing facility, a government official said on Thursday. Construction of the about $2 billion gas-to-energy project is underway. A gas pipeline is installed, but the first... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC), opens new tab has agreed to sell oil and gas production assets in Colombia to Geopark (GPRK.N), opens new tab for $530 million, the two companies said on Friday. The assets include Repsol's oil extraction operation in central Colombia and a 25% stake in SierraCol Energia Arauca, the Spanish company said in... Continue Reading →
(Reuters) - Mexican President Claudia Sheinbaum said on Thursday that the debt burden accumulated by state energy company Pemex with suppliers would be reviewed and various payment mechanisms are being studied and refined. Despite efforts to reduce debt under Sheinbaum's predecessor Andres Manuel Lopez Obrador, the company remains one of the world's most indebted energy... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured a $130 million contract with Brava Energia for its Lone Star ultra-deepwater semi-submersible rig for work offshore Brazil. The contract is for a firm term of 400 days, with a 60-days priced option which, if executed, may keep the rig busy until the first quarter of 2027. The... Continue Reading →
(Reuters) - KfW (KFW.UL) will provide a 24 billion euro ($25 billion) loan to help develop a future hydrogen network in Germany, the state lender told Reuters, at a time when companies have warned that the technology will take longer than expected to take off. Germany is betting on hydrogen, which can be used in... Continue Reading →
(Reuters) - Brazil's government and several of its largest commercial banks are working on a plan to speed the divestment of engineering group Novonor's majority stake in Braskem, Latin America's largest petrochemical company, according to six people familiar with the talks. Novonor, which changed its name from Odebrecht after a major graft scandal nearly a decade... Continue Reading →
BRAVA ENERGIA (“BRAVA”) (B3: BRAV3) (“Company”) informs its investors and the market in general that the Company signed, in November, the main contracts for the first integrated development campaign in Atlanta and Papa-Terra, with an option to develop Malombe through a tieback (subsea connection) to Peroa. The campaign will begin in 4Q25, with the first... Continue Reading →
(Reuters) - Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection. Ultimately, the South American nation may end up relying on a consortium led... Continue Reading →
(PN) Petrobras' new strategic plan for the five-year period 2025-2029 provided more information about the company's plans regarding its fleet of platform ships (FPSOs). During the period, the company intends to start operating ten units by 2029, all in the pre-salt layer. In addition, the oil company also plans to build five more units beyond... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured multiple new contracts and contract extensions, whose combined value is $60 million. Solstad secured one new contract, and one contract extension from Petrobras, for work offshore Brazil. Namely, Petrobras awarded an 18-month firm contract for the construction support vessel (CSV) Normand Valiant. The start of the... Continue Reading →
Brazil Energy Insight 