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(Reuters) - The United States exported 7.29 million tonnes of liquefied natural gas (LNG) last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data. The United States is on track to become the world's largest LNG exporter this year, topping Australia and Qatar, as producers work... Continue Reading →
The Brazilian arm of Shell will be under new management as oif August. The oil company announced this morning that the executive Andre Araujo decided to retire after a career of 38 years. He has been at the helm of the company for the past 12 years. In his place, executive vice president of the... Continue Reading →
The Marlim field revitalization project, in the Campos Basin, has recently achieved a new milestone. The Brazilian Institute of the Environment (Ibama) issued the installation licenses for the FPSOs Anna Nery and Anita Garibaldi. Both are expected to start producing in the field in 2023. The two platforms will be connected to 77 wells, 14... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/28/2022, informs that it has started the opportunity disclosure stage (teaser) regarding the complete sale of the Nitrogen Fertilizer Unit III (UFN-III). The teaser, which contains key information about the opportunity - including the provision for the buyer to commit to the completion... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, aiming to facilitate access to information on fuel prices, launched, today, a new website where it presents, in a didactic way and more user-friendly look, the parts involved in the formation of gasoline, diesel and cooking gas (LPG) prices. The new site (precos.petrobras.com.br), in addition to providing information on price... Continue Reading →
(Reuters) - Norsk Hydro's (NHY.OL) Rein and Macquarie Asset Management's Green Investment Group plan to build and operate a 586 megawatt wind and solar power plant in the northeast of Brazil, the companies said on Wednesday. A final investment decision for the $700 million wind farm portion of the project is expected in the fourth quarter of... Continue Reading →
(Reuters) Brazilian President Jair Bolsonaro, seething about fuel prices as his poll standings slip ahead of October's presidential election, has intensified his calls to shake up the board and management of state-run oil company Petrobras. But it will take at least 45 to 60 days to complete the necessary procedural and bureaucratic steps to install... Continue Reading →
Tenaris, a company manufacturing pipes and related services for the global energy industry, has informed that an Italian court has dismissed a case against Tenaris’s Chairman and Chief Executive Officer and two other Board members over allegedly improper payments in Brazil. Tenaris said it had been advised that the Milan court of first instance overseeing... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), in addition to the Material Fact of April 28, 2022, informs shareholders and the market in general that it has received the waiver of the preemptive rights from Repsol Sinopec Brasil (“RSB”) in the Albacora Leste Field (“Albacora Leste” or “Field"). The closing of the deal is... Continue Reading →
DOF-owned Norskan Offshore and DOF Subsea Serviços Brasil have won service contracts with Petrobras for the anchor handling tug supply (AHTS) vessel Skandi Iguazu, including a remotely operated vehicle (ROV). The contracts are set to commence in the fourth quarter of this year and have a duration of three years, plus options for two-year extensions.... Continue Reading →
