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(Reuters) Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people. In a securities filing, Petroleo Brasileiro, as the company is formally known, posted a quarterly net income of 44.56... Continue Reading →
Saipem has revealed a new, sustainable subsea pipelaying method which allows forming vertical cold bends in the pipeline in a strictly controlled way and directly underwater by means of a specially designed remotely operated underwater bending machine. The Underwater Cold Bending technology is said to allow a considerable reduction of environmental impacts on the seabed.... Continue Reading →
Petróleo Brasileiro S.A. – informs that its Board of Directors, at a meeting held today, approved the payment of a dividend in the amount of R$ 3.715490 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
Rio de Janeiro, May 05, 2022 - Once again we delivered solid quarterly results. “These financial results are due to the fact that today we have a healthy Petrobras, which has reduced its debt burden, invests responsibly and operates efficiently. Therefore, it is possible to generate this compelling return to our shareholders, especially the Brazilian... Continue Reading →
(Reuters) - Wind turbine makers racked up hefty losses last quarter, swelled by rocketing costs and cut-throat competition despite being more in demand than ever. The industry started seeing a steep decline in prices and increased competition back in 2017 as some governments moved away from generous, fixed, subsidised tariffs for power toward an auction-based... Continue Reading →
(Reuters) - Shell (SHEL.L) on Thursday reported a record first-quarter profit of $9.13 billion, boosted by higher oil and gas prices, stellar refining profits and the strong performance of its trading division. The last of the energy majors to report results, Shell joins sector rivals, including BP (BP.L) and TotalEnergies (TTEF.PA) in making big profits from the commodity price volatility stoked... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) announces its 1Q22 earnings. HIGHLIGHTS FOR THE PERIOD Message from the Management "2022 started with several developments that affected Brent prices, including the decrease in severity of COVID-19, an excellent reason to celebrate; and the regrettable war in Ukraine. We have seen oil prices rise sharply, with... Continue Reading →
(Reuters) - Lukoil (LKOH.MM) posted a first-quarter profit of 133.4 billion roubles ($2 billion) on Wednesday, up more than tenfold year on year under Russian Accounting Standards (RAS). Lukoil also said its January-March revenue rose to 723.2 billion roubles from 330.9 billion a year earlier. The oil producer has said it will not publish first-quarter financial and... Continue Reading →
3R Petroleum Óleo e Gás S.A. (“3R”) is pleased to invite you to the first quarter of 2022 earnings conference, which will take place tomorrow, May 4, 2022, at 2:00 pm (BRT). To access the webcast, click here. To access all the material, including the Earnings Release and the Presentation that will be used during... Continue Reading →
(Bloomberg) — U.S. shale giants stung by billions of dollars in hedging losses are spending big bucks to ditch their positions in a risky bet that prices stay high. Companies including Pioneer Natural Resources Co. and EOG Resources Inc. are poised to post historic profits when they report earnings this week. But those windfall earnings would be... Continue Reading →
Brazil Energy Insight 