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Energy
19 January 2024
Angolan USD 6 Billion Oil Platform Close to Being Built by Chinese Yard
Chinese shipyards are negotiating to become subcontractors for the floating production, storage and offloading (FPSO) vessel for TotalEnergies' delayed USD 6 billion Cameia-Golfinho project offshore Angola.
Energy
05 January 2024
CNOOC’s Deep-water Oilfield Project Begins Production in Brazil
The China National Offshore Oil Corp (CNOOC) began production at Mero2, a deep-water pre-salt oil project in Brazil, on Tuesday, according to reports.
Energy
02 January 2024
Petrobras to Open Firm in China to Centralize Asian Operations
The CEO of Brazilian State oil company Petrobras revealed that the firm plans to create in 2024 Petrobras China, a subsidiary in the Asian country to facilitate trading between the two countries.
Energy
02 January 2024
EDP Sells Stake in Macau’s Power Utility CEM as Portuguese Groups Leave Former Colony
Portugal's energy firm EDP is selling its stake in Macau's power utility, CEM, to China Three Gorges, its biggest shareholder, for around EUR 100 million.
Energy
26 December 2023
Angola’s OPEC Exit Paves Way for Chinese Investment Boost
Angola's decision to leave the Organization of the Petroleum Exporting Countries could open the way for Beijing to increase investment in the country's oil and other sectors, according to energy sector analysts.
Energy
22 December 2023
Angola Set for Exit From OPEC
Angola on Thursday announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC).
Energy
18 December 2023
China’s State Grid Wins Largest Ever Auction in Brazil
China's State Grid won the largest electricity transmission lot ever auctioned in Brazil, involving a complex project that will require investments of around BRL 18 billion (USD 3.6 billion).
Energy
11 December 2023
EDP to Finance Clean Energy Projects in Mozambique and Other African Countries
EDP announced the allocation of a one million euros financing to 10 clean energy access projects in 5 African countries, including Mozambique, within the scope of the 'Access to Energy' fund.
Energy
29 November 2023
Japan, Mozambique to Cooperate on LNG Development
Japanese Foreign Minister Yoko Kamikawa and her Mozambique counterpart, Veronica Macamo, have agreed to cooperate to resume the development of liquefied natural gas in the African country.
Energy
27 November 2023
Minority Stake Sale in Brazil Unit Could Fetch China’s State Grid USD 1 Billion
State Grid Corp. of China’s Brazilian unit is seeking to raise about USD 1 billion by selling a minority stake, in a move aimed at cutting debt and boosting growth, Bloomberg reported.
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