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(Reuters) - Spain's Repsol (REP.MC) said on Thursday its fourth-quarter adjusted net profit more than doubled, helped by high oil and gas prices, and flagged a big increase in capital spending for this year. Its fourth-quarter profit surged to 2.01 billion euros ($2.15 billion) from 872 million a year earlier, topping the 1.75 billion euros expected by... Continue Reading →
(Reuters) - Guyana, which has jumped into the forefront of offshore oil exploration, is using its inland forests to tap carbon markets, in a business the government sees as more profitable than using the acreage for mining or agriculture, Vice President Bharrat Jagdeo said on Wednesday. The South American country, one of the fastest growing... Continue Reading →
(Reuters) - Glencore (GLEN.L) announced a payout of $7.1 billion to its investors on Wednesday, as high oil and coal prices helped it to post a record annual profit, but it said the rising costs of producing minerals could dent future earnings. In preliminary 2022 results, the miner and trader said it cut net debt to $75... Continue Reading →
Floating wind technology firm Hexicon has partnered up with IX Wind to provide services for the development and construction of a 1,300+ MW floating offshore wind project in Taiwan. The partnership will offer project management, consultancy and engineering services to the project. "With the combination of local knowledge and expertise in offshore wind development, this... Continue Reading →
The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made adjustments to monetary penalties for oil and gas companies, implementing the 2023 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law. The Bureau of Ocean Energy Management made the final rule announcement on Tuesday, 14 February... Continue Reading →
(Reuters) - After the market imposed a sky-high rate on bonds Pemex issued in January, Mexico's state oil company is preparing to pay its debts on its own this year and will turn to the government - rather than the market - for help if oil prices plunge, two sources told Reuters. The strategy comes... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in Corporate Governance informs its investors and the market in general the preliminary unaudited production data for January 2023. Source 3R Petroleum (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In January, approximately 70% of... Continue Reading →
Vast Infraestrutura (formerly Açu Petróleo) announced the signing of a contract to carry out oil transshipment operations for PRIO at the Port of Açu. The agreement will last for three years and will make it possible to export PRIO's production in Albacora Leste, in the Campos Basin, using Suezmax and VLCC (Very Large Crude Carrier)... Continue Reading →
(epbr) The oil companies returned to the Union three more exploratory blocks, acquired in the cycle of the major post-2017 oil and gas auctions, according to preliminary data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Highlight for Saturno, in the Santos Basin, purchased in 2018, in the 5th sharing round, by... Continue Reading →
A consortium comprising BeeX, Sulmara, and the University of Strathclyde has secured Enterprise Singapore – Innovate UK grant to develop a next-generation autonomous integrity inspection capability for offshore wind turbines. Autonomous robotics specialist BeeX, offshore survey and inspection specialist Sulmara, and structural integrity specialists at the University of Strathclyde joined forces to deliver an autonomous... Continue Reading →
Brazil Energy Insight 