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Malaysian state-owned energy giant Petronas has denied reports, speculating on it buying a significant stake in compatriot oil and gas services company, Sapura Energy. In a statement last Friday, Petronas referred to news reports, comments in the media, and recent speculation on purported “talks with the Government on a proposal to take a significant stake” in Sapura... Continue Reading →
(Reuters) - Spain's Enagas (ENAG.MC) and Canadian pension fund Omers agreed to sell their holdings in Chile's GNL Quintero, which represent an 80% stake, to Belgian gas utility Fluxys (FLUX.BR) and investment fund EIG, Enagas said on Monday. The Spanish gas pipeline operator which owns 45.4% in GNL Quintero, said it sold its stake for $661 million and said... Continue Reading →
(Reuters) - Saipem (SPMI.MI) will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black. The company stunned investors in January when it downgraded earnings by a billion euros due to a significant deterioration of... Continue Reading →
(Reuters) - Brazil antitrust watchdog CADE extended the deadline for Petrobras (PETR4.SA) to sell its refineries as part of obligations assumed by the company in an agreement to stimulate competition in the local oil refining market, the agency said on Wednesday. The new schedule for the sales was not disclosed by CADE in order not to prejudice... Continue Reading →
(Reuters) - Saipem (SPMI.MI) core investors Eni (ENI.MI) and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue the troubled Italian energy service group, two sources said. The two investors, tied by a shareholder pact, will stump up in advance most of their share... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 20, 2019, informs that was concluded the process of closing Participações em Complexos Bioenergéticos S.A. (PCBios), a company in which Petrobras held a 50% interest and Mitsui & Co. Ltd. held the other 50%. The dissolution and liquidation of PCBios were approved... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, comes to clarify the veracity of the news entitled “Brazil’s Eneva, PetroReconcavo and 3R bid for Petrobras onshore fields, say sources”, published on March 22 on Reuters news platform (“news”). Contrary to the statement... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media regarding the sale of the onshore production fields, located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster, clarifies that it received today new binding offers in the scope of this divestment process. The new... Continue Reading →
(Reuters) - Brazilian energy companies Eneva SA (ENEV3.SA), PetroReconcavo SA (RECV3.SA) and 3R Petroleum Oleo e Gas SA (RRRP3.SA) are among the firms that submitted a binding offer on Tuesday for a cluster of onshore oilfields owned by state-run Petrobras(PETR4.SA), three sources with knowledge of the matter said. Eneva and PetroReconcavo jointly bid for the fields, known collectively as Polo... Continue Reading →
(Offshore Energy) Oilfield services provider Baker Hughes has inked a deal to acquire Altus Intervention, a provider of well intervention services and down-hole oil & gas technology, to strengthen its technological capabilities while enabling its customers to maximise production from fields. Baker Hughes informed on Monday that it is acquiring Altus Intervention to bring critical capabilities... Continue Reading →
