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(Reuters) - EIG Global Energy Partners is in early discussions with Repsol (REP.MC) to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters. The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business, the sources said, in a... Continue Reading →
(Reuters) Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies made a significant oil discovery this year, four industry sources told Reuters. Impact, which is privately owned and focused on exploration in Africa, has hired investment bank Jefferies to prepare a sale process for... Continue Reading →
(Reuters) - Spanish construction firm Sacyr (SCYR.MC) said on Monday it sold its entire stake in Repsol (REP.MC) as well as options it held on shares of the Spanish oil company for an unspecified amount. Sacyr, which teamed up with state-owned oil company PEMEX more than a decade ago in a bid to control Repsol, sold its shares on... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has begun the teaser phase for the sale of its entire 18.80% stake in the company UEG Araucária S.A. (UEGA), located in the state of Paraná. The teaser, which contains key information about the opportunity, as well as the eligibility criteria for the selection of potential participants,... 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 →
(OE) Italian energy services group Saipem has agreed to sell its onshore drilling business to Britain's KCA Deutag (KCAD) for $550 million, as it strives to bolster its finances after a profit warning and focuses on offshore drilling. Asset sales and a 2 billion euros ($2 billion) new share issue are part of Saipem's efforts... Continue Reading →
FPSO supplier BW Offshore said Thursday that Shell had awarded it limited notice to proceed (LNTP) by Shell and its partners for early-stage engineering and supplier reservations for the supply of an FPSO for the Gato do Mato (Wild Cat) oil and gas field offshore Brazil. The LNTP is valued up to USD 50 million.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 01/31/2020, informs that it signed today with the company Grepar Participações Ltda., a corporate entity jointly owned by Grecor Investimentos em Participações Societárias Ltda., Greca Distribuidora de Asfaltos Ltda. and Holding GV Participações S.A., a contract for the sale of the Lubrificantes e... Continue Reading →
Brazilian oil and gas player Enauta has revealed that its exclusivity deal with Australia’s Karoon Energy for the sale of a partial stake in a field located offshore Brazil has been terminated, thus, the company will be keeping its entire stake in this field for the time being. Back in March 2022, Enauta confirmed it... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) warned on Monday that a turnaround at Siemens Gamesa (SGREN.MC) will take several years, adding a 4.05 billion euro ($4.3 billion) bid to buy out minorities of the struggling wind turbine unit was the only way to fix the issues. "It's nothing which will go fast," Siemens Energy Chief Executive Christian Bruch told journalists... Continue Reading →
Brazil Energy Insight 