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Petro Rio S.A. ("Company" or "PRIO") (B3: PRIO3), following the Material Fact released on April 28, 2022, informs its shareholders and the market in general that, on this date, the payment regarding the acquisition of 90% interest and operation of the Albacora Leste Field ("Field" or "Albacora Leste") with Petróleo Brasileiro S.A. ("Petrobras") was made.... Continue Reading →
(Reuters) Norway's Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said. The company has hired investment bank Standard Chartered to run the sale process, which could... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/29/2022, informs that, observing the applicable internal governance, the closing of the competitive process, which was in the binding phase, for the integral sale of the Unidade de Fertilizantes Nitrogenados III (UFN-III) was approved. Petrobras will evaluate its next steps related to the... Continue Reading →
(Reuters) - U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers became more choosy about asset purchases. The decline comes as large companies with strong balance sheets are targeting... Continue Reading →
(epbr) The Federation of Petroleum Workers (FUP) is pressing for the immediate suspension of the sale of Petrobras assets and asked the Ministers of the Civil House, Rui Costa (PT), and Mines and Energy, Alexandre Silveira (PSD), to negotiate with the current administration to stop the ongoing negotiations. They also ask that any preparatory acts... Continue Reading →
(Reuters) Spanish power company Iberdrola is considering the sale of a stake in its U.S. renewables business to help to finance new investments, two sources with knowledge of the matter told Reuters. One of the sources said that Iberdrola had appointed a bank to work on a possible sale of a minority stake in the... Continue Reading →
(epbr) Perenco announced this Wednesday the departure of the FSO Pargo platform from a shipyard in Dubai, in the United Arab Emirates, heading to the Pargo field, in shallow waters in the Campos Basin. The unit is part of the concession's production recovery project, which foresees investments of US$ 400 million and promises to increase... Continue Reading →
(OET) Hellenic Cables has signed a contract with Asso.subsea for the transportation, installation, and protection of the 220 kV submarine export cable that will connect 50Hertz’s own transformer platform at the Windanker wind farm in the Baltic Sea to the national grid as part of the Ostwind 3 grid connection system. The overall system will... Continue Reading →
(Bloomberg) -- Brazil’s state-controlled oil giant Petrobras should abandon planned divestments in refining and natural gas and expand in those areas instead, according to a detailed report from President Luiz Inacio Lula da Silva’s transition team. The document, drafted in late 2022 by a group of energy experts aligned with Lula, recommends that Petrobras start... Continue Reading →
Greencoat Renewables has agreed to buy 22.5% of the Butendiek offshore wind farm in Germany from Marguerite Pantheon. The wind farm is located in Germany's exclusive economic zone in the North Sea and consists of 80 Siemens Gamesa 3.6 MW turbines that have been operational since 2015. Butendiek benefits from a fixed-price FiT until December... Continue Reading →
Brazil Energy Insight 