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(Reuters) - Brazil's government will propose a 10% tax on corporate profits and dividends sent abroad to help offset revenue lost from an expanded tax exemption for individuals with lower incomes, two sources with knowledge of the matter said on Monday. The measure would deal a blow to multinationals with subsidiaries in Brazil, which now... Continue Reading →
(Reuters) - Chevron purchased about 4.99% of Hess Corp's common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. In October 2023, Chevron agreed to acquire Hess in an all-stock deal valued at $53 billion, gaining a stake in... Continue Reading →
(Reuters) - Brazilian power firm Eletrobras reported on Thursday a near 25% increase in its fourth-quarter net profit from a year earlier to 1.11 billion reais ($191.4 million). The company also announced 1.8 billion reais ($310 million) in additional dividends to shareholders in a separate statement. WHY IT'S IMPORTANT Eletrobras is Latin America's largest utility... Continue Reading →
(Reuters) - Mexican state energy company Pemex is in talks with Carlos Slim which could see the billionaire tycoon help bankroll two of the country's most promising crude oil and natural gas fields, sources familiar with the matter told Reuters. The negotiations, which have not been previously reported, indicate Slim's growing clout in Mexico's struggling... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that it signed, on March 13, 2025, with Shell Western Supply and Trading Limited (“Shell”), a contract for the sale of the oil produced by the consortium in Atlanta field (80% of... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the fourth quarter of 2024 and the year of 2024. HIGHLIGHTS OF THE YEAR Click here for the Earnings Release.
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts/Communications published on 11/07/2024 and 12/10/2024, informs that it will pay on 03/20/2025 the second installment of shareholder remuneration relating to the balance sheet of September 30, 2024, based on the shareholder position of 12/23/2024. This second installment will be paid in the form of... Continue Reading →
(oilprice.com) Argentina’s controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit. While it is too early to tell if Milei has reversed decades of economic mismanagement there are promising signs of a miracle emerging. Inflation has plummeted... Continue Reading →
(Reuters) - Argentina's energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale, chief executive officer Horacio Marin said. YPF has exploration rights in seven offshore areas,... Continue Reading →
(offshoreWIND.biz) Offshore windfarm projects currently in development present unique business challenges, even for experienced developers and operators. Newer sites are increasingly far from shore, in harsher metocean conditions, spread over large areas, and utilising floating structures. Floating turbines, which use mooring line systems to connect to anchors, exhibit the greatest challenges. The lines are vulnerable... Continue Reading →
Brazil Energy Insight 