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(Reuters) - Siemens Energy's (ENR1n.DE) troubled wind turbine division is not expected to break even before 2026, analysts at JPMorgan and Deutsche Bank said on Wednesday, adding the unit's recovery would take longer than expected amid far-reaching problems. Frankfurt-listed shares in the company were trading 0.79% lower at 0653 GMT, two days after the group disclosed a... Continue Reading →
(Reuters) - The world's leading turbine maker Vestas (VWS.CO) on Wednesday said it aims to turn a profit this year, despite a bigger than expected second quarter adjusted loss and its expectation supply chain disruptions would continue for the rest of 2023. The Danish-listed company is struggling to deliver a backlog of projects from pandemic-hit years and... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby reports its results for the second quarter of 2023 (“2Q23”). Except as indicated otherwise, the financial and operational information set out below is presented on a consolidated basis and expressed in Brazilian Reais (R$), in accordance with accounting practices adopted in Brazil (CPC)... Continue Reading →
(Reuters) Shares in Siemens Energy fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge. The group's shares slid 7.4% to the bottom of Germany's blue-chip index, as the group disclosed... Continue Reading →
(OET) Offshore drilling contractor Valaris Limited and its wholly-owned subsidiary, Valaris Finance Company LLC, have disclosed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030. The net proceeds of this offering will be used to finance the purchase of two Daewoo Shipbuilding & Marine... Continue Reading →
(Reuters) - Brazil's Petrobras may increase investments in its next five-year business plan by up to 10% over the previous one, which would place the state-run oil company's capital expenditures at around $86 billion, Chief Financial Officer Sergio Caetano Leite said in an interview on Monday. The increase in the 2024-2028 plan, still being discussed,... Continue Reading →
(OE) Malaysian FPSO leasing company Yinson Production said Monday it had secured a $230 million term loan facility in relation to FPSO Maria Quitéria Yinson is delivering for Petrobras in Brazil. The loan facility was structured and arranged by Global Infrastructure Partners (“GIP”), an independent infrastructure fund manager with approximately USD100 billion in assets under... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the material fact disclosed on July 28, 2023, informs that its Board of Directors, in a meeting held yesterday, approved a Share Buyback Program for Shares Issued by Petrobras (Buyback Program), to remain in treasury and subsequent cancellation, without reducing the share capital. The Buyback Program will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 1.149304 per common and preferred share, as anticipation for 2023, declared based on the balance sheet of June 30, 2023. The approved shareholder remuneration is in line with... Continue Reading →
Main achievements: • Robust recurring EBITDA of US$ 11.7 billion, a 19% decrease compared to 1Q23, mainly influenced by international diesel crack spreads, which declined more than 40% QoQ• Gross debt under control at US$ 58 billion, even after the increase in leases due to the startup of chartered FPSOs Anna Nery and Almirante Barroso•... Continue Reading →
Brazil Energy Insight 