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(Reuters) - French utility Engie (ENGIE.PA) said on Friday it was well prepared for a reduction in deliveries of Russian gas, as its first-half profits surged on the back of higher energy prices. Engie added it was working with the Belgian government on possibly extending operations at two nuclear units. Russia's invasion of Ukraine has thrown the... Continue Reading →
(Reuters) - Chevron Corp (CVX.N)posted its biggest quarterly earnings ever on Friday, built on strong fuel margins and high prices for natural gas and oil, and boosted its share buyback target. The oil major posted second-quarter net profit of $11.6 billion, or $5.95 per diluted share, more than triple the $3.1 billion, or $1.60 per share,... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending. The top U.S. oil producer reported second-quarter net income of $17.9 billion, or $4.21 per share, an almost four-fold increase over the $4.69 billion, or $1.10 per... Continue Reading →
- Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the Company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, we approved a shareholder remuneration of R$... Continue Reading →
(RE) Two of the world’s biggest energy companies have formed a joint venture to build green hydrogen ‘production hubs’ in Spain, Portugal and UK, with an intention to explore opportunities in other geographies. Spain’s Iberdrola — the world’s third-largest power company and a major renewables developer — and BP, the sixth-largest oil company, say they... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of dividends in the amount of R$ 6.732003 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday it will cut gasoline prices at its refineries to 3.71 reais ($0.7110) per liter from 3.86 reais starting Friday, a 4% cut that will take prices to their lowest level since March. The move is the second gasoline price cut by the oil giant this month... Continue Reading →
U.S. Senator Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday announced a decision to add climate provisions to a budget reconciliation legislation that is expected to provide $369 billion in energy and climate investments. The package is said to promote zero and low carbon energy and support domestic production of offshore oil and... Continue Reading →
(Reuters) - Mexican national oil company Pemex reported on Thursday itssecond-quarter net profit jumped more than nine-fold to $6.53 billion due in part to higher sales plus tax benefits. Revenue for the company, formally known as Petroleos Mexicanos,soared nearly 89% to 655.2 billion pesos. Meanwhile, debt during the three-month period ending in June held steady... Continue Reading →
Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. – Petrobras, based on the agreement signed in February 2020. The Eagle Crato was unveiled at a naming ceremony held at the Samsung Heavy Industries... Continue Reading →
Brazil Energy Insight 