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Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact of 05/11/2023, informs that it will pay today the second installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$ 0.946789 per common and preferred share in the form of dividends. CREDIT INSTRUCTIONS... Continue Reading →
Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in the first phase of its drilling programme at a field offshore Brazil. Enauta kicked off the drilling of its first well, 7-ATL-5H-RJS, in this drilling campaign at the Atlanta field in November 2022. The estimated investment for the well was $75 million – including the... Continue Reading →
Norway-based seismic specialists TGS and PGS ASA said Monday they had agreed on the principal terms of a merger of TGS and PGS "to create a strong full-service energy data company." The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law, with merger consideration to PGS shareholders in the form... Continue Reading →
(Reuters) Global investment of $2.7 trillion a year is needed to achieve net zero emissions by 2050 and avoid temperatures from rising above 1.5 degrees Celsius this century, a report by consultancy Wood Mackenzie said on Thursday. Scientists have said the world ideally needs to limit global average temperature rise to 1.5C this century to avoid catastrophic effects from climate change.... Continue Reading →
(Reuters) Shell has given financial approval for the development of the massive Manatee gas field offshore Trinidad and Tobago, the country's Prime Minister Keith Rowley said on Thursday. Trinidad is Latin America's largest LNG exporter, but its flagship Atlantic LNG project no longer receives enough gas supply to keep its four liquefaction units running. The government in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that, as disclosed to the market on 06/29/2023, the company decided to continue with the implementation of Train 2 of the Abreu e Lima Refinery - RNEST, after a decision based on a careful reassessment of the RNEST Project which,... Continue Reading →
(OE) Offshore drilling company Transocean said Thursday it had secured a three-year contract for the newbuild ultra-deepwater drillship Deepwater Aquila with "a national oil company" for work offshore Brazil. The contract is expected to start in the third quarter of 2024 and represents about $486 million in firm backlog, excluding a mobilization fee of approximately 90 times... Continue Reading →
(Reuters) TotalEnergies will begin studies for developing a $9 billion oil and gas project at Suriname's most promising offshore area, the French energy firm said on Wednesday during a visit by its CEO to the South American country. CEO Patrick Pouyanne met with Suriname President Chan Santokhi on Wednesday to discuss the project, which could inaugurate Suriname's offshore production. TotalEnergies... Continue Reading →
(Reuters) - The European Union will put forward a package of measures to support Europe's wind power industry as renewable energy companies struggle with challenges including inflation, European Commission President Ursula von der Leyen said on Wednesday. "We will fast-track permitting even more. We will improve the auction systems across the EU. We will focus... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a strategic partnership with WEG, a global Brazilian electronics equipment company, for the joint development of a 7 megawatt (MW) onshore wind turbine, the first of this size to be manufactured in Brazil. This project represents an important milestone for Petrobras, as it will increase... Continue Reading →
Brazil Energy Insight 