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(Reuters) - Equinor (EQNR.OL) will book a loss from gas derivatives of between $1.4 billion and $1.5 billion for the final quarter of 2021, in line with previous statements that some third-quarter profits would be reversed, the energy company said on Tuesday. Norway's largest company on Oct. 27 reported a surge in July-September earnings, driven by a global... Continue Reading →
(Reuters) - A debt refinancing operation for Mexican national oil company Pemex that swapped the highly-indebted firm's short-term bonds for a new 10-year bond has been completed, the finance ministry announced on Sunday. In a statement, the ministry said the near-term debt management scheme lowers Pemex's overall debt load by $3.2 billion, while reducing "financial... Continue Reading →
(Reuters) Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed as the coronavirus pandemic hit travel and economic activity.Typically,... Continue Reading →
3R PETROLEUM ÓLEO E GÁS (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of Resolution No. 44 of the Brazilian Securities Commission, informs its investors and the market in general that on December 30th, 2021 has concluded, through its integrally owned subsidiary 3R Macau SA (“3R Macau”), the prepayment of the 2nd Issuance... Continue Reading →
(Reuters) - Brazilian oil company Enauta Participacoes SA (ENAT3.SA) said on Monday it will no longer sell its stake in the Manati oilfield, adding that conditions for the conclusion of a previously announced deal with Gas Bridge SA have not been met. "The deal was subject to a series of commercial and regulatory conditions that should have... Continue Reading →
Tech startup Hydro Wind Energy is in the process of developing scaled prototypes of high-altitude kites powered by offshore wind with the goal to ”disrupt global energy and desalination markets”. The technologies for power generation and energy storage, OceanHydro Wind, and water desalination, SubSea RO Wind, are powered by high-altitude, ocean-based kites and vertical axis wind rotors rather... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit fromoil... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. ("3R" or "Company") (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, communicates to its shareholders and the market in general that received from the Northeast Development Superintendence (“SUDENE”), an agency linked to the Ministry of Regional Development, through Constitutive Report No. 0285/2021, the approval for... Continue Reading →
Fortune Business Insights, a market research company, expects the carbon capture and storage (CCS) market to grow to $7 billion by 2028 aided by rising investments in developing new alternatives for curbing the carbon footprint and achieving the energy transition goals and net-zero targets. The company expects the market to exhibit a CAGR of 19.5 per... Continue Reading →
The article has been amended on 28 December 2021, correcting the parts identifying Jurong Shipyard as “Brazilian wholly-owned subsidiary” to “wholly-owned subsidiary, Jurong Shipyard.“ (OM) Singapore-based offshore builder Sembcorp Marine has informed that its wholly-owned subsidiary, Jurong Shipyard, is facing arbitration under four separate contracts due to allegations of a breach of contract and payment claims... Continue Reading →
Brazil Energy Insight 