Tag Archives: Energy (Legacy)

EUROPEAN POWER – Friday prices rose due to lower German winds, solar power output | Instant News


PARIS, February 25 (Reuters) – European spot electricity prices for delivery on Friday rose on Thursday due to lower forecasts for wind and solar power generation in Germany.

* Over-the-counter baseload prices for Friday delivery in Germany rose 6.2% to 48.30 euros per megawatt hour (MWh) at 1009 GMT.

* France’s future contract added 6.2% to 48.25 euros / MWh.

* Power generation from German wind turbines is expected to fall 1.8 gigawatts (GW) day-on-day to 13.4 GW, while solar generation is expected to drop 2.2 GW to 3.6 GW, Refinitiv data show.

* “We expect wind power output to fall in the first half of the day, and increase in the latter half of tomorrow,” Refinitiv analysts said.

* French wind power supply is expected to increase by 1 GW to 3.6 GW, data show.

* Refinitiv forecast shows the average daily German wind power supply will fall to around 3 GW early next week before rising to 8 GW next Friday.

* France’s nuclear capacity reaches 75% of the total installed.

* More than half of EDF’s nuclear reactors could be operational for a decade longer than planned after maintenance work was carried out, French nuclear security watchdog ASN said on Thursday.

* French electricity demand on Friday is expected to rise 700 megawatts (MW) to 56.9 GW and fall in Germany by 390 MW to 64.2 GW, Refinitiv data show.

* Further along the curve, German Cal ’22 baseload power edged up 0.1% to 53.20 euros / MWh, following higher fuel prices.

* France 2022 contract added 0.2% to 54.25 euros / MWh.

* European CO2 allowances expiring December 2021 edged down 0.1% to 39.10 euros per tonne.

* Coal for northern European delivery in 2022 rose 0.9% to $ 69.1 a tonne, after hitting the highest level since February 1 at $ 69.20 earlier in the session. (Reporting by Forrest Crellin; Editing by Emelia Sithole-Matarise)

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Brazil to cut its stake in Eletrobras to 45% from 61% in privatization – energy secretary | Instant News


SAO PAULO, February 24 (Reuters) – The Brazilian government will cut its stake in power company Centrais Eletricas Brasileiras SA, or Eletrobras, to 45% from the current 61% in the planned privatization process, a senior official at the Energy Ministry told Reuters. Wednesday.

The ministry’s Energy Secretary Rodrigo Limp said the government expects its stake in Eletrobras to double in value to 60 billion reais ($ 11 billion) with the increase in share price that privatization hopes will bring.

President Jair Bolsonaro presented a bill to Congress on Tuesday that would accelerate the divestment in Brazil’s biggest utility.

$ 1 = 5.4062 reais Reporting by Luciano Costa, Editing by Rosalba O’Brien

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Brazil’s CVM supervisor opens a second investigation into the Petrobras overhaul | Instant News


The logo of the Brazilian oil company Petrobras is depicted at a gas station in Rio de Janeiro, Brazil, February 22, 2021. REUTERS / Ricardo Moraes

BRASILIA (Reuters) – Brazilian market regulator CVM said on Tuesday it had opened a second investigation into the announcement of an overhaul in state-controlled oil giant Petrobras, which sparked a two-day stock sell-off that wiped out more than 100 billion reais ($ 18.3 billion) . the value.

CVM on Monday announced the opening of an investigation into the leadership change announced by Brazilian President Jair Bolsonaro on Friday in a social media post. The commission said it was opening a second investigation in response to investors’ complaints.

($ 1 = 5.47 reais)

Reporting by Anthony Boadle

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Brazilian prosecutors are trying to block Bolsonaro from changing documents – CEO Petrobras | Instant News


BRASILIA, February 23 (Reuters) – Prosecutors at Brazil’s federal audit court, known as TCU, are trying to block state-controlled oil company Petrobras from replacing its executive officer as President Jair Bolsonaro announced.

According to a document seen by Reuters on Tuesday, prosecutors said they wanted to investigate whether the Petrobras reshuffle was motivated by Bolsonaro’s personal political interests as he plans to run again in the 2022 general election.

Reporting by Ricardo Brito, written by Anthony Boadle; Edited by Chizu Nomiyama

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The CEO of Woodside Australia said the Myanmar coup would not affect exploration plans | Instant News


MELBOURNE (Reuters) – Australia’s Woodside Petroleum sees the military coup in Myanmar as a “transitional issue” that will not affect its drilling in the Southeast Asian nation’s waters, its chief executive said.

FILE PHOTOS: Woodside Petroleum Chief Executive Peter Coleman attends an interview with Reuters in Hong Kong, China March 29, 2017. REUTERS / Bobby Yip

His comments came as Australia, India, Japan and the United States called for a speedy restore of democracy in Myanmar two weeks after the military toppled the elected government of Aung San Suu Kyi.

Woodside Chief Executive Peter Coleman said the company does not see a coup holding back gas exploration work this year, including pre-engineering work for the A-6 gas field, which Woodside plans to develop with France’s Total SA.

“Currently we see this as a transitional issue. You have a developing democracy working through their process, “Coleman told Reuters.

“I looked at it and said that in time the Myanmar people will finish it. Right now the military is committed to holding free elections in 12 months … We hope that’s what will happen, and we will be watching that closely. “

Woodside does not face diplomatic pressure to step down, Coleman said, adding it is highly unlikely that US sanctions will get in the way of Woodside’s work.

“The US sanctions are currently on individuals, and usually that’s where the US is,” he said in an interview on Thursday.

“I think Western governments are very careful about their current approach to Myanmar, understanding the more sanctions they provide the more they can push military governments towards China and others for support.”

Hundreds of thousands of people take to the streets nearly every day across Myanmar demanding the reversal of the February 1 coup. Police broke up the demonstration and one protester who was shot in the head last week was killed on Friday.

Many protesters have called for a boycott of companies doing business with the military. Coleman said Woodside had not been the target of any protests.

In a separate statement late on Friday, Woodside said Coleman’s comments were not meant to excuse “what happened in Myanmar”. The company has pledged to continue operations in the country while complying with anti-corruption regulations in the United States and Britain, and applicable sanctions, he added.

Reporting by Sonali Paul; Edited by Kim Coghill and Lincoln Feast.

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