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(Reuters) - Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said. Petro, currently a senator, told a rally last month that coal and... Continue Reading →
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said. The projects are part of Ecopetrol's plan to ramp... 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 →
Amid ever-increasing calls to phase out fossil fuels and pivot toward clean energy sources, oil and gas exploration activities remained resilient in 2021 undeterred by the accelerating energy transition, reveals Westwood Global Energy, an energy market research and consultancy firm, in its latest report. Westwood informed on Thursday within its latest analysis that high-impact oil... Continue Reading →
African investment platform for the energy sector Energy Capital & Power has listed six key capital expenditure LNG project developments to watch in West Africa. The theme for this year’s MSGBC Oil, Gas & Power Conference & Exhibition is ‘The Future of Natural Gas: Growth Using Strategic Investment and Policymaking.’ This is a response to growing investor interest in... Continue Reading →
(Reuters) - Shareholders of Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) on Wednesday voted in favor of the energy transition strategies proposed by the two largest U.S. oil producers, following similar support of European oil firms' climate plans. Major oil producers this year flipped the script and won over investors with recent steps to minimize carbon emissions and... Continue Reading →
(TN) Decree 10,946/2022, published in January 2022, established guidelines for the generation of electricity on the high seas and brought good prospects for companies and entities in the sector. With highly favorable natural conditions, it is estimated that the Brazilian offshore wind potential is around 700 GW – four times the country's installed capacity. According... Continue Reading →
(Reuters) - Shell (SHEL.L) and Brazil's Porto do Açu have agreed to jointly build a green hydrogen plant, executives told Reuters, a deal that could result in the debut of the up-and-coming technology in South America's largest nation. Under the terms of a memorandum of understanding signed on Thursday and first disclosed to the news agency, the... Continue Reading →
(WO) Offshore wind continues to play a vital role in the global Energy Transition. It was another record breaking year in 2021 for the offshore wind industry, with record start-ups (84 farms, 18.5 GW, 3,400 turbines) increasing global active capacity 58% to an all- time high of 50.5 GW. This takes offshore wind to approximately 0.3%... Continue Reading →
Technip Energies and its affiliates Kanfa and Inocean on Wednesday launched a suite of carbon-free solutions for green hydrogen production called of GO.H2TM by T.EN. "Hydrogen is integral to the energy transition, and, building on its long-lasting hydrogen and offshore track record, Technip Energies is bringing expertise into green hydrogen to meet an increasing global... Continue Reading →
Brazil Energy Insight 