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Aug. 11 (oilprice.com) Brazil’s state-controlled oil giant Petrobras sneezed at the end of last week, and the domestic stock market caught a cold. Despite returning to a profit for the second quarter of the year, Petrobras dashed hopes of an extraordinary dividend for this year amid lower oil prices and higher investments into production expansion.... Continue Reading →
Aug.11(PN) The Energy Research Company (EPE) recommended authorization for the construction and installation project of the Sergipe Aguas Profundas (SEAP) gas pipeline, presented by Petrobras. The project was analyzed in ongoing dialogue with the National Petroleum Agency (ANP), seeking to ensure the compatibility of the new infrastructure with national energy planning. "EPE's analysis indicated the... Continue Reading →
Aug 11 (Reuters) - Denmark's Orsted (ORSTED.CO), opens new tab on Monday asked its shareholders for 60 billion crowns ($9.4 billion), sending the stock sharply lower as the wind farm developer seeks to boost its finances amid U.S. President Donald Trump'sopposition to wind power. Struggling in recent years with soaring inflation and logistical problems that sent costs soaring,... Continue Reading →
Aug 8 (Reuters) - An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said. The floating vessel named One Guyana brings the joint venture a step closer... Continue Reading →
Aug 8 (Reuters) - Hopes among foreign energy companies that Colombia's coast could serve as a key source of oil and gas for the future are being dashed as many exploration projects lag expectations, with unwelcomed regulation further deflating optimism. The disappointing finds and regulatory roadblocks are pushing some energy firms to abandon the Andean nation for... Continue Reading →
Aug 7 (Reuters) - Argentina's state-controlled energy company YPF on Thursday reported a nearly 90% plunge in second-quarter net profit to $58 million, dragged down by lower fuel prices. Revenues dropped 6% from a year earlier to $4.64 billion, as softer prices for refined products and lower seasonal demand for naphtha weighed on sales. YPF's performance... Continue Reading →
Aug 6 (Reuters) - A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters. BP's Chief Executive Murray Auchincloss said on Tuesday that the firm would look to bring in... Continue Reading →
Aug 5 (oilprice.com) Malaysia’s Petronas is looking for buyers for its 50% stake in the Tartaruga Verde field in Brazil, eyeing proceeds of up to $1 billion, Bloomberg has reported, citing unnamed sources. The Malaysian major bought the stake in 2019 from Petrobras, which owns the other 50% of the field, which is located in the... Continue Reading →
(oilprice.com) Argentina’s energy company YPF is nearing a deal for the acquisition of shale assets in the country owned by French supermajor TotalEnergies, Bloomberg has reported, citing unnamed sources in the know. TotalEnergies has stakes in two fields that are part of the Vaca Muerta shale play but an underdeveloped part. YPF has been very... Continue Reading →
Aug 6 (Reuters) Germany's Economy Minister Katharina Reiche warned on Wednesday that flawed site selection and shifting market dynamics were undermining offshore wind tenders, as the country's latest offshore auctions received no bids. Two August tenders for offshore wind energy plants, with volumes of 2,000 MW and 500 MW, and planned commissioning dates in 2031 and 2030, drew no bids for the first... Continue Reading →
Brazil Energy Insight 