(Reuters) - Wall Street analysts sharply increased their Exxon Mobil Corp(XOM.N)second-quarter profit estimates after a securities filing showed motor fuel sales rose $5 billion from the first quarter. Oil and gas prices soared in the first half, with crude selling for more than $105 per barrel and U.S. pump prices for gasoline surging to about... Continue Reading →
Houston-headquartered offshore energy services provider Helix Energy Solutions has completed the acquisition of Louisiana-based, privately-held Alliance group of companies, enabling it to expand its decommissioning presence in the Gulf of Mexico. Back in May 2022, Helix revealed that it had entered into a definitive agreement to acquire 100 per cent of the equity interests of the Alliance... Continue Reading →
(BW) KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has acquired KNOT Shuttle Tankers 35 AS, the company that owns the shuttle tanker, Synnøve Knutsen, from Knutsen NYK Offshore Tankers AS (“KNOT” “Sponsor”) (the “Acquisition”). The purchase price of the Acquisition, which has been financed on... Continue Reading →
(OE) Mexican oil and gas company Pemex has signed a letter of intent with the U.S.-based company New Fortress Energy to resume work on a $1.5 billion offshore gas project in Mexico, Pemex Chief Executive Octavio Romero said on Friday. The agreement is for the development of the long stalled the Lakach non-associated deepwater gas... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according to a securities filing. Energy prices have shot up this year with oil selling for more than $105 per barrel and gasoline at about $5 per gallon in the United States. The enormous... Continue Reading →
(Reuters) - Mexican President Andres Manuel Lopez Obrador formally opened a major new oil refinery on Friday, a signature project for the leftist leader who argues it will help the country cut a longstanding dependence on foreign gasoline and diesel supplies. The Olmeca refinery owned and operated by state-run oil company Pemex is billions of... Continue Reading →
(Reuters) - More than two weeks of protests in Ecuador caused state-run oil company Petroecuador to lose 1.99 million barrels of oil production, the company said on Friday, adding that it expects to reach 90% of pre-crisis output in the next week. Protests erupted in Ecuador in June to demand lower fuel prices and limits... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with provisions of article 12 of CVM Resolution No. 44, communicates to its investors and the market in general that received on June 30, 2022, notice from Banco BTG Pactual S.A. (“BTG Pactual” or “Bank”) informing about the change in its equity interest in... Continue Reading →
(Reuters) - Russian gas giant Gazprom (GAZP.MM) has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging 27%. "The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy CEO Famil Sadygov said.... Continue Reading →
(OP) Latin America’s largest economy Brazil is experiencing a massive offshore energy boom which has seen the country overtake Venezuela and Mexico in little over a decade to become the region’s largest oil producer. This is driven by pre-salt petroleum discoveries in offshore Brazil, with the first being made by national oil company Petrobras in the Santos... Continue Reading →
