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(Reuters) - Mexico's government will provide further support to state-run oil company Petroleos Mexicanos (Pemex) and has a plan to ensure that pending bond payments in 2023 are met, President Andres Manuel Lopez Obrador said on Friday. Pemex's debt obligations are being paid on time with the government's assistance, and the finance ministry and Pemex's... Continue Reading →
(Reuters) - The new Chief Executive of Brazil's Petrobras, Jean Paul Prates, has picked geologist Mario Carminatti to head the oil company's exploration and production division, people with knowledge of the information said on Friday. As the company's chief geologist, Carminatti is highly respected at Petrobras for having led the discovery in 2006 of one... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, up front, the amount of R$ 1.3 billion, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Sépia block. The amount already includes the amount of the gross-up of taxes related to TotalEnergies' 28 %, Petronas’21 % and QP... Continue Reading →
(OE) A joint venture between RWE Renewables and National Grid called Community Wind has submitted a proposal to the New York State Energy Research and Development Authority (NYSERDA) to provide New York State with electricity from 1.3 GW of offshore wind capacity to power nearly 500,000 homes. The bid submission was in response to the... Continue Reading →
(OE) Ørsted and Eversource have submitted a joint proposal in response to New York State’s third round of offshore wind solicitations. "Delivering clean, renewable power for at least 1 million New York homes, this submission includes multiple bids with different configurations that will generate billions of dollars in economic activity in the state economy, create... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second largest U.S. oil producer's adjusted net profit for 2022 exceeded its previous record set in 2011 by about... Continue Reading →
(Reuters) Colombian majority-state-owned energy company Ecopetrol on Thursday said Chief Executive Felipe Bayon will leave his post on March 31, following more than five years in the position. Bayon's departure represents a shake-up for Colombia's biggest company and largest producer of oil - one of the Andean country's most important exports - during a drive... Continue Reading →
(OE) Leading Light Wind submitted its bid for an offshore wind power contract to the New York State Energy Research and Development Authority (NYSERDA) as part of New York's third competitive offshore wind solicitation. Leading Light Wind, led by Chicago-based Invenergy and New York-based energyRe, proposes delivering up to 2,1 GW of electricity to the... Continue Reading →
(OE) Norway's Equinor and UK's BP on Thursday jointly bid into New York’s third offshore wind solicitation (NY3). The bid was submitted to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent offshore wind energy solicitation. Equinor said the bid would provide New York with renewable energy... Continue Reading →
(Reuters) - Vestas (VWS.CO) on Friday warned of a slower year ahead after the wind turbine maker posted disappointing 2022 sales hurt by project delays and impairments. The company said slow permitting processes in Europe and dampened U.S. activity before the impact of the Inflation Reduction Act kicks in will mean fewer wind turbine installations this year.... Continue Reading →
Brazil Energy Insight 