Petrobras downstream divestitures appear to be on course as Chief Executive Roberto Castello Branco reports in a 2nd quarter analysts' call that the Brazilian state oil company expects to close in "one to two months" on the sale of its RLAM refinery in northeastern Brazil. Abu Dhabi's sovereign investment fund...
Weatherford INT digital collaboration expands as Weatherford International it is strengthening its ties with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D, the company has announced. Weatherford will embed INT’s IVAAP framework into the Weatherford Centro digital well delivery software, advancing...
Germany Targets African Energy as an investment opportunity, particularly in clean energy and digitalization technology companies. In a webinar hosted by the African Energy Chamber (www.EnergyChamber.org) and Germany Africa Business Forum (GABF), speakers pointed out that Africa has recently shifted to the forefront of Germany’s foreign policy and development...
While watching BBC coverage of the establishment of Israeli UAE diplomatic relations last night, I was struck by a comment that for the most part is likely to have gone unnoticed. The BBC presenter mentioned, almost as an afterthought, that the new relationship would lead to financial investments and joint...
Development banks climate finance offers is huge. In a report published by <a href="http://Alternative Energy Africa.", climate financing by seven of the world’s largest multilateral development banks (MDBs) totaled $61.6 billion in 2019, of which $41.5 billion (67%) was in low- and middle-income economies, according to the 2019 Joint...
Militants threatening Mozambique LNG occupied the port of Mocimboa da Praia in the early morning hours on August 12, according to a report on the Moz24Horas website. The reported says terrorists occupied this vital port in gas-rich northern Mozambique following days of attacks claimed by an ISIS-affiliated group, according...
The US shale production decline is likely to continue, despite a bounce back in demand since April, the height of the COVID-19 pandemic. The U.S. rig count is at its lowest since 2005; only 176 oil rigs are currently active nation-wide. Drilling permits in July dropped to their lowest level...
Is Turkey drilling offshore Cyprus on insider data? The Cypriot government thinks Turkey got insider info on blocks off Cyprus' southern coast. Cypriot Government Spokesperson Kyriacos Koushos, who spoke to Greece’s Hellenic Broadcasting Corporation ERT this week, charged Ankara with having “somehow” obtained information regarding Block 8, which lies north...
Kazakh oil to China has been reduced along the Atasu-Alashankou pipeline this week after tests carried out earlier in January showed a high content of organic chloride, three trade sources familiar with the matter told Reuters on Tuesday. Organic chloride found in the oil varied between 70 and 120 ppm...
Wartsila renewables power plant contracts have been signed for projects to move the Caribbean and for Southeast Asia toward a 100 percent renewables future. The technology group Wärtsilä has won the contract to supply a 33 MW flexible power plant on a fast-track basis to the Barbados Light &...