The injunction had been granted last July following a claim by the Alagoas and Sergipe oil tankers’ union, which expressed concerns over the bidding process for the asset. With the court reversal, Petrobras can continue the divestment process for TAG, whose estimated value is USD 7 billion.
The NOC was in exclusive sales negotiations with energy group Engie prior to the injunction. Earlier in January, Eduardo Sattamini, the French company’s CEO in Brazil, told local newspaper Valor Econômico that talks would likely continue.
Chevron has signed a deal with NAMCOR to develop an offshore block in the Walvis Basin, the Namibian NOC was… Read More
Ørsted’s Greater Changhua 1 and 2a offshore wind farms are in operation in Taiwan and their combined 900 MW of… Read More
SkyPower Global has signed a 1-GW power purchase agreement with state-owned Zambia Electricity Supply Corp Read More
The government of Angola has approved Afentra’s acquisition of a 12% non-operating interest in offshore Block 3/05 and a 16%… Read More
TotalEnergies has agreed with US player Vanguard Renewables to jointly develop renewable natural gas (RNG) in the USA, the French… Read More
Canadian exploration player Sintana Energy has expanded in Namibia’s Orange Basin with a deal to acquire up to 67% in… Read More
This website uses cookies.