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(TXF) Delays and project cost overruns from the pandemic have meant lenders and sponsors of the Yunlin offshore wind farm in Taiwan are scrambling to remedy the project’s financial woes. ECAs may push out the tenor envelope to ease the pressure - but concrete solutions are yet to be realized. The fledgling Taiwanese offshore wind... Continue Reading →
(Reuters) - Spain's Repsol (REP.MC) said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2.15 billion) from 872 million a year earlier, topping the 1.75 billion euros expected by... Continue Reading →
(Reuters) - After the market imposed a sky-high rate on bonds Pemex issued in January, Mexico's state oil company is preparing to pay its debts on its own this year and will turn to the government - rather than the market - for help if oil prices plunge, two sources told Reuters. The strategy comes... Continue Reading →
Oil major BP has formed an offshore wind joint venture with Norway's Deep Wind Offshore to develop offshore wind farms in South Korea. As part of the deal agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a potential generating capacity of... Continue Reading →
(U) Norwegian oil and gas major Equinor has defended the strategy driving its renewables business division and said performance will improve as assets become operational. Equinor this week joined its energy peers in reporting stellar profits for 2022 and returning more capital to shareholders, with a record $74.9 billion in adjusted operating profits booked last... Continue Reading →
Talos Energy Inc., a U.S.-based offshore oil and gas producer, has completed its previously announced acquisition of EnVen Energy Corporation ("EnVen"). Talos, which owns oilfields in both the U.S. side and the Mexican side of the Gulf of Mexico, first said in September 2022, that it would buy EnVen, a private operator in the deepwater... Continue Reading →
(epbr) The government published the first names of secretaries for the Ministry of Mines and Energy (MME), under the command of Alexandre Silveira. — Pietro Mendes will be the Secretary for Petroleum, Natural Gas and Biofuels. A career server at the National Petroleum, Natural Gas and Biofuels Agency (ANP), Mendes served in the portfolio in... Continue Reading →
(Reuters) - Dominion Energy Inc's (D.N) offshore Virginia wind farm is "on track and on budget," and recently entered a critical phase of the environmental review process for the project, executives of the electric utility told investors on Wednesday. A roughly month-long public comment period on the environmental impact study of the 2.6 gigawatt project, which is... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media, clarifies that, among the measures intended by the new management of the Company, the creation of the new Board of Renewable Energy will be considered in due course by the Executive Board and then submitted for approval by the competent corporate bodies,... Continue Reading →
Petróleo Brasileiro S.A - Petrobras informs that its CEO Jean Paul Terra Prates has indicated 5 new members for the composition of the Executive Board: Trading and Logistics Executive Board, Mr. Claudio Schlosser; Production Development Executive Board, Mr. Carlos Travassos; Exploration and Production Executive Board, Mr. Joelson Falcão; Refining and Natural Gas Executive Board, Mr.... Continue Reading →
