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Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil. The sale and purchase of the FPSO is subject to the closing of the acquisition by BW Energy... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed today with BW Energy Maromba do Brasil Ltda (BWE), the contracts for the sale of its total stake in the maritime concessions groups named Golfinho Cluster and Camarupim Cluster, in the post-salt deep waters, located in the Espírito... Continue Reading →
(Reuters) - Italy's Saipem (SPMI.MI) said on Thursday it would have financial resources available for less than one year if its plans to raise capital did not go through. The Italian energy services group on Wednesday launched a 2 billion-euro ($2.10 billion) rights issue, which will start on June 27, as it strives to bolster its finances... Continue Reading →
Brazil’s state-owned oil and gas giant Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy, an Oslo Stock Exchange-listed oil and gas E&P company. Earlier this month, Petrobras announced that the divestment process of the maritime concession called Golfinho cluster was still in the binding phase, adding that BW Energy was... Continue Reading →
(Reuters) Italian energy services group Saipem said on Wednesday it would launch a planned 2 billion-euro ($2.10 billion) rights issue from June 27 as it strives to bolster its finances and re-focus its business after a surprise profit warning in January. The move is part of a plan to get the group back into the... Continue Reading →
(Reuters) - French lender Credit Agricole (CAGR.PA) on Wednesday set out targets to cut its exposure to the financing of emissions from the oil and gas sector and boost renewable energy lending. The move comes as the sector faces growing regulatory and investor pressure to align lending with the world's climate goal, aiming to cap global warming... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the video published in the media about the reserve for profit distribution, clarifies that the information that there is a reserve of R$ 200 billion for distribution of profits by the company is not true. The amount of R$ 208.6 billion cited in Petrobras' Individual Financial Statements... Continue Reading →
(Reuters) - Brazilian Economy Minister Paulo Guedes said on Monday that privatizing state-run oil firm Petrobras (PETR4.SA) via migration to the "Novo Mercado" segment of the Brazilian stock exchange would increase its market cap from 450 billion reais to 750 billion reais ($145 billion). The Novo Mercado is a segment of the B3 exchange with stricter governance... Continue Reading →
(Reuters) - Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry, four ministry sources told Reuters, following days of government discussions about how to address political blowback over high fuel prices. The Economy Ministry officials, who requested anonymity to comment on confidential discussions, said the... Continue Reading →
(Reuters) - Brazilian energy company Eneva SA (ENEV3.SA) will price on June 24 a follow-on share offering through which it expects to raise up to 4.09 billion reais ($799.22 million) to fund the acquisitions of Celsepar and Cebarra, it said on Thursday. Eneva will issue 300 million new shares, and the total estimated amount it expects to... Continue Reading →
