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(Reuters) - Top U.S. shale oil producers say they remain laser focused on shareholder returns, limiting production expenditures largely to offset higher costs for equipment, supplies and services. The decision likely will hold down oil output increases while benefiting shareholders receiving higher payouts through dividends and share repurchases with U.S. crude prices above $95 per... Continue Reading →
Technology developer X1 Wind said it has laid its dynamic cable clearing way for final installation of its fully functional floating wind prototype at the PLOCAN Test Site, in the Canary Islands. Having installed the modular concrete gravity anchoring system last spring, the Barcelona-headquartered firm is now announcing another milestone in its first ocean deployment... Continue Reading →
– Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general of the start of production of the 7-FR-55H-RJS (“MUP3A”) well in the Frade Field (“Field” or “Frade”), with average initial production of approximately 3,500 barrels of oil per day, increasing the Company’s production to 52,000 barrels per day.... Continue Reading →
TechnipFMC has won a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the gas-to-energy project offshore Guyana. Subject to final project sanction, TechnipFMC will provide engineering, procurement, construction and installation (EPCI) of subsea risers and pipelines. The project will connect the production from Liza Destiny and Unity back to shore, delivering associated gas from... Continue Reading →
(Reuters) - Renewables developer Cerluean Winds and Ping Petroleum UK have signed an agreement to create an offshore oil facility powered by wind energy in Britain, the companies said on Tuesday. Under the agreement, the production unit at Ping Petroleum’s Avalon site in the UK's North Sea will be powered by a floating offshore wind... Continue Reading →
- Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today. The contract provides for Petrogal's access to the gas processing units, owned by Petrobras and located in the states of Rio de Janeiro and São Paulo,... Continue Reading →
(Reuters) - Wind turbine maker Siemens Gamesa (SGREN.MC) lowered its 2022 profitability expectations even further on Tuesday and said it would remain negative through 2023, citing expensive raw materials, component failures and geopolitical uncertainty. The group cut its full-year core earnings margin forecast to minus 5.5% from minus 4%, including gains from selling its development division. Competition,... Continue Reading →
(Reuters) - BP's (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production. The strong performance caps a blowout quarter for the top Western oil and gas companies on the back of soaring energy... Continue Reading →
(Valor) Until the month of April, the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) received requests for environmental licensing for 54 projects for offshore wind power generation, with a total capacity of 133.3 gigawatts (GW) of power. The total energy to be generated in the projects corresponds to almost 70% of the... Continue Reading →
(Reuters) - French utility Engie (ENGIE.PA) said on Friday it was well prepared for a reduction in deliveries of Russian gas, as its first-half profits surged on the back of higher energy prices. Engie added it was working with the Belgian government on possibly extending operations at two nuclear units. Russia's invasion of Ukraine has thrown the... Continue Reading →
