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(BJ) A relevant shareholder of 3R Petroleum is proposing a carveout of the company's onshore oil fields and the incorporation of these assets by PetroReconcavo, in a transaction that shows the struggle of junior oils for scale, sources familiar with the matter told Brazil Journal. The rationale for the transaction is already known to the... Continue Reading →
FutureOn, a Norwegian software company specializing in the energy sector, has joined forces with Rystad Energy to launch a digital tool that integrates up-to-date cost estimation with live project data for energy developments, opening doors to accelerated project delivery and efficiency for companies across the energy supply chain. According to FutureOn, its FieldTwin and Rystad... Continue Reading →
(F&A) Oceânica Engenharia, which provides services to the maritime industry, has formed a syndicate with six banks to begin the process of going public on the stock exchange, in an offering that would be for primary and secondary distribution. To be the coordinators of the offer, the company engaged BTG Pactual, Itaú BBA, UBS BB,... Continue Reading →
(Reuters) Guyana said it expects to receive some $2.1 billion from oil exports and $320 million from royalties this year as crude production continues to rise, an increase from the $1.62 billion received in 2023. The South American nation's gross domestic product is expected to increase by 34.3% in 2024, the fifth consecutive year of... Continue Reading →
(Reuters) - Spanish energy giant Repsol (REP.MC) faces a class action lawsuit with 30,000 alleged victims in Peru stemming from a major oil spill in 2022, the law firm representing the class said on Monday, as a small protest marked two years since the incident. The class action lawsuit is asking for a $1 billion judgment, local... Continue Reading →
(Reuters) - Shell (SHEL.L) is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion.The British energy giant pioneered Nigeria's oil and gas business beginning in the 1930s. It has struggled for years... Continue Reading →
(Reuters) - Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a new study shows. President Joe Biden's climate law aimed to stoke trillions of dollars of investment to wean the economy off... Continue Reading →
(PN) Petrobras, Shell Brasil, TotalEnergies, CNPC and CNOOC and the Federal University of Rio Grande do Sul (UFRGS) kicked off a series of studies that aim to map the offshore wind potential of the pre-salt region. The first data relating to the study is being collected in the Buzios field, and the work will soon... Continue Reading →
(Reuters) The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday. The decision stems from the final ruling in the administrative proceedings initiated against the companies in relation to alleged irregularities in the... Continue Reading →
(EV) BlackRock will pay $3bn in cash, with around $9.48bn in 12 million BlackRock shares. GIP is an investor in a number of infrastructure assets, including a wide array of energy projects around the world. BlackRock said GIP had more than $100bn in assets under management (AUM). After closing, the investor would have around $150bn... Continue Reading →
