In a pivotal move to accelerate AI-driven business transformation, Accenture, in collaboration with Avanade and Microsoft Corporation, has unveiled a Copilot business transformation practice. This initiative is designed to help organizations harness the power of generative and agentic AI, including Microsoft Copilot, to revolutionize operations, optimize processes, and unlock new avenues for growth. Accenture and […]
Spanish energy giant Repsol has decided to halt its ambitious green hydrogen projects in Spain, citing regulatory challenges and the imposition of a controversial windfall tax on energy companies. The decision affects several projects with a combined electrolysis capacity of 350 megawatts (MW), including a major 100 MW initiative in the Basque region. Repsol’s management […]
Repsol and EDF Renewables have entered into an exclusivity agreement to collaborate on future offshore wind tenders in Spain and Portugal. This strategic partnership aims to leverage the significant growth opportunities offered by the Iberian Peninsula in the renewable energy sector. Renewable generation projects are a cornerstone of Repsol’s energy transition strategy. The company has […]
The Woodside-operated Shenzi North project has begun production in the deepwater US Gulf of Mexico, achieving operational status ahead of its originally targeted first oil in 2024. The project received a final investment decision (FID) in July 2021 and was backed by a $544 million capital expenditure approved by the BHP Board. Last year, Woodside […]
Repsol Sinopec Resources UK has given a decommissioning contract for the decontamination, demolition, and site remediation of Nigg Oil Terminal in Scotland to Liberty Industrial Ltd. According to Repsol Sinopec, planning and engineering work started in December 2022 followed by decommissioning activity in 2023, which is likely to continue up to 2025. The site will […]
Oil and gas giant BP, through its subsidiary — bp Trinidad and Tobago (bpTT), has brought the offshore Matapal gas project in Trinidad and Tobago (T&T) on stream. BP said that the first gas was achieved ahead of schedule as well as within budget in spite of the restraints emerging from the Covid-19 pandemic. The […]
Repsol Ibereólica Renovables Chile, a joint venture equally owned by Repsol and the Ibereólica Renovables Group, has signed a pivotal 14-year power purchase agreement (PPA) for its Atacama wind farm. This agreement ensures a double-digit profitability for the renewable generation asset, indicating a strong future return on investment for the venture. Located in the municipality […]
The Petroleum Safety Authority Norway (PSA) has granted consent to Repsol Norge for extending the Rev field in the North Sea for another two years. The Rev gas and condensate field, which is contained in production licence 038 C, has been in production since early 2009. The Petroleum Safety Authority Norway said that the production […]