(PN) The director of Exploration and Production at Petrobras, Joelson Mendes, said that the resilience and competitiveness of the company's portfolio of E&P areas, depending on the production profile, is more efficient due to the technological solutions developed to reduce emissions . Joelson participated in the “Global Competitiveness of Latin American Upstream” panel at CERAWeek,... Continue Reading →
Petrobras on payment of remuneration to shareholders
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts of 11/09/2023, 11/21/2023 and 03/13/2024, informs that it will pay today the second installment of dividends relating to the balance sheet of September 30, 2023. The gross amount to be distributed today is R$ 0.68864344 per common and preferred share, in the form of... Continue Reading →
Big Oil Execs Push Back Against Calls for Fast Energy Transition
(Reuters) Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have... Continue Reading →
Petrobras further clarifications on extraordinary dividends
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media and as already disclosed on March 12 and March 15, reaffirms that the statement that there was any promise to pay extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024 (Deep Dive) held by the company... Continue Reading →
Lula Irks Investors in Bid to Spur Brazil Growth, Boost Approval
(Bloomberg) -- Inside Brazil’s presidential palace, angst is mounting as the economy sputters along, churning out tepid growth figures month after month. President Luiz Inacio Lula da Silva is ratcheting up the pressure on his top aides to boost spending, gin up faster growth and turn around his sinking approval ratings. This, people close to... Continue Reading →
With ‘outstanding’ financial results in 2023, Prysmian increases its decarbonization ambition
(Offshore-energy.biz) Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 million, with improving margins at 10.6% compared to 9.3% in 2022 – a year that Prysmian... Continue Reading →
Offshore Wind’s Next Big Problem: Not Enough Vessels
(Bloomberg) -- On the outskirts of Rotterdam, a bright orange ship is hoisted above the muddy Rhine with the help of six chunky triangular legs. The vessel has just been retrofit with a huge crane capable of lifting up to 1,600 tons 160 meters above deck. Once the finishing touches have been made, the Wind... Continue Reading →
Petrobras on extraordinary dividends controversy
Petróleo Brasileiro S.A. – Petrobras, regarding the article "Controversy puts dialogue between Petrobras and the market in check", published in Valor Econômico this Friday, reiterates that the company did not promise or signal a direction for extraordinary dividends at an event with analysts and investors, as already disclosed in a release on March 12. Petrobras... Continue Reading →
Brazilian energy group Eneva posts $58.2 mln fourth-quarter loss
(Reuters) - Brazilian energy company Eneva (ENEV3.SA), opens new tab on Thursday reported a net loss of 290.6 million reais ($58.24 million) in the fourth quarter, compared with a loss of 193.9 million reais for the same period in the previous year. The result was due to an impairment of 432 million reais related to the renegotiation... Continue Reading →
Malaysia’s Petronas Q4 profit falls, flags market uncertainty in 2024
(Reuters) - Malaysia's state energy firm Petroliam Nasional (Petronas) (IPO-PETO.KL), opens new tab said on Friday it expects oil and gas markets to face continued uncertainties this year, as it reported a drop in fourth quarter profit due to lower energy prices. The conflicts in Ukraine and Gaza have led to heightened supply risks, while slowing global... Continue Reading →