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(Reuters) - Shell (SHEL.L) has turned to the head of its gas and renewables business to drive its transition to a greener future, picking Wael Sawan to replace Ben van Beurden as chief executive. Sawan's appointment comes at a pivotal time for the oil giant, which is aiming to reduce emissions to net zero by 2050 and... Continue Reading →
(Reuters) Spanish power company Iberdrola said on Wednesday it had agreed to sell to Swiss investment fund Energy Infrastructure Partners (EIP) a 49% stake in a German offshore wind farm for 700 million euros ($700 million). The sale of the Wikinger wind farm will have no impact on Iberdrola's financial results in 2022, said the company, Europe's... Continue Reading →
(PN) The company's president in the country, Veronica Coelho, announced the forecast to start drilling a well in Bacalhau, in the Santos Basin. According to the executive, the activity should start between the end of September and the beginning of October. Veronica also said that there is an estimate of using a second rig in... Continue Reading →
(Rigzone) Colombia’s upstream sector is especially dynamic in 2022. Offshore exploration of the Colombian Caribbean has delivered in 2022 with Shell and Petrobras hitting the target with their wells earlier this year. Shell and Petrobras hit natural gas pay in the Gorgon-2 and Uchuva-1, both with Ecopetrol as a non-operating partner – according to Wood... Continue Reading →
(OE) Brazilian oil and gas company Enauta said Wednesday that its Atlanta field in the Santos Basin offshore Brazil had resumed its production through well 7-ATL-2HP-RJS. "The second well should start operating next and, by the end of September, the resumption of production from the third well in the field is expected," Enauta said. Enauta... Continue Reading →
(Reuters) Scientists who detected a massive methane leak at an offshore platform run by Mexico's Pemex said Tuesday there was "no way" they had made a mistake, roundly rebutting claims by the state oil company that the emissions were smaller and less polluting. Pemex, which is under increasing international pressure over its environmental record, last... Continue Reading →
(Reuters) Africa-focused Tullow Oil said on Wednesday it would stick to the current form of its plan all-share merger plan with Capricorn Energy CNE.L, shrugging off criticism from some Capricorn investors who say the deal undervalues the company. Capricorn's board supports the merger, but the group also said last week it was exploring alternative deals... Continue Reading →
(Reuters) - The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments. Tim Duncan, the founder of Talos Energy Inc (TALO.N), a decade-old offshore oil firm with... Continue Reading →
(Reuters) - Colombia's state-run oil company Ecopetrol (ECO.CN) has asked the oil regulator to suspend contracts for two fracking pilot projects for 90 days, the company and two sources told Reuters on Tuesday. The two projects - being developed in Santander province by Ecopetrol and U.S. oil major Exxon Mobil Corp (XOM.N) - have faced stiff resistance from environmental... Continue Reading →
(Reuters) Mexico's oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall a $1.5 billion energy venture. Officials at regulator National Hydrocarbons Commission (CNH) have raised questions about whether Petroleos Mexicanos can shoulder the massive project, the... Continue Reading →
