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(Zacks) TotalEnergies SE TTE unveiled its long-term strategy and outlook, reaffirming the need for a balanced multi-energy strategy considering the developments in the oil, gas and electricity markets. Given the ongoing transition in the energy space, the company will generate more clean electricity from renewable sources.TotalEnergies plans to increase its global energy production by 4% per... Continue Reading →
(TN) The Minister of Mines and Energy, Alexandre Silveira, announced the availability of approximately R$6 billion in investments for decarbonizing the industry through hydrogen hubs around the world. The initiative is in partnership with the Climate Investment Funds (CIF). The international fund will provide low-cost financing to leverage projects in the sector. The announcement was... Continue Reading →
(Reuters) - Latin America's wealth of hydroelectricity and other renewable energy resources could make the region a major producer of clean hydrogen as the world seeks alternatives to fossil fuels to fight the climate crisis, but some big hurdles lie in the way. Government leaders expect a major boon for the region from clean hydrogen,... Continue Reading →
(PN) The Energy Research Company (EPE), chaired by Thiago Prado, recently published new documents that are part of the Ten-Year Energy Plan (PDE 2034), highlighting encouraging forecasts for both the natural gas market and the energy transmission segment (the publications are available on the EPE website). In the specific document for natural gas, EPE predicts... Continue Reading →
(Reuters) - Final investment decisions for hydrogen projects have doubled over the last 12 months, dominated by China, but installed capacity and demand are low as the industry faces uncertainty, the International Energy Agency (IEA) said in a report on Wednesday. The investment decisions represent a five-fold increase of current low-emission hydrogen production by 2030,... Continue Reading →
(Reuters) - Brazilian energy company Eneva (ENEV3.SA), opens new tab launched on Tuesday a share offer to raise around 4.2 billion reais ($774 million), as flagged in July, to help fund power generation projects, natural gas exploration and possible M&A activity. Eneva, one of the largest investors in Brazil's natural gas sector, will first offer some 228.6... Continue Reading →
(Reuters) Australia's Macquarie has engaged advisors for a potential sale of its subsidiary Corio Generation, one of the world's largest offshore-wind developers, two sources with knowledge of the matter said on Tuesday. Corio oversees a 30-gigawatt pipeline of offshore wind projects spanning Europe, Asia-Pacific, and the Americas. It includes 5 GW of projects across the... Continue Reading →
(Reuters) - The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board. The FTC's order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year, as its final hurdle. The proposed merger included a Chevron... Continue Reading →
(oilnow.gy) The floating, production, storage and offloading vessel (FPSO) for Suriname’s first offshore development will be capable of producing 220,000 barrels per day (b/d), according to TotalEnergies Chief Executive Officer, Patrick Pouyanné. The initial target was 200,000 b/d. Pouyanne, at an energy event in ROG.e oil and natural gas conference in Rio de Janeiro said “I would... Continue Reading →
(Reuters) French oil major TotalEnergies will sign a final investment decision (FID) on Tuesday for a more than $10 billion offshore oil and gas development in Suriname, the country's first, said four sources with knowledge of the project. Located in Block 58 about 140 km off the coast of the South American country, the Gran Morgu... Continue Reading →
Brazil Energy Insight 