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Brava Energia ("Brava" or "Company") (B3: BRAV3) presents the results for the third quarter of 2024 ("3Q24"). The financial and operational performance described in financial statements and explanatory notes includes the consolidated results of 3R and Enauta since August 1, 2024, and therefore reflects three months of 3R results and two months of Enauta results.... Continue Reading →
(OE) TechnipFMC has been secured an integrated engineering, procurement, construction, and installation (iEPCI) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. The project will combine TechnipFMC’s subsea architecture with Saipem’s EPCI solutions and best-in-class pipelay capabilities - notably J-Lay, the optimal solution given the location... Continue Reading →
(Reuters) - Colombia's majority state-owned oil producer Ecopetrol on Wednesday reported that its third-quarter net profit fell 28% to 3.65 trillion pesos ($826.95 million) compared to the same period last year, citing changes to oil prices and inflation. Total sales meanwhile slipped 1.5% to 34.61 trillion pesos in the July through September period, Ecopetrol said in... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based developer of foundations for floating offshore wind farms, has secured investment of $12.1 million to accelerate the development of its floating wind technology. The funding round for Gazelle Wind Power was led by Indico Capital Partners, a premier investor in ocean related sustainable technologies. Other investors in the round... Continue Reading →
(oilprice.com) Rosneft has denied reports that there were plans to consolidate the country’s biggest oil companies into one entity, the company said in a statement. Rosneft cited an “unprecedented amount of coverage in foreign media alleging imminent consolidation of assets in the Russian oil industry with a direct hint on Rosneft's intention to take over the... Continue Reading →
(PN) According to the company's Director of Engineering, Technology and Innovation, Renata Baruzzi, the bidding processes for the contracting of two FPSOs for the Sergipe Aguas Profundas project (SEAP 1 and 2) will be launched by the end of this year. Petrobras is currently discussing with the other companies in the SEAP consortium the best... Continue Reading →
(Reuters) - Swiss asset manager Energy Infrastructure Partners (EIP) will raise its stake in Eni's Plenitude unit to 10%, in a deal that values the group's retail and renewable business at more than 10 billion euros ($11 billion) including debt. The Italian energy group said in a statement on Monday that EIP had agreed to subscribe... Continue Reading →
(Reuters) - Argentine state oil company YPF blew past expectations with a third-quarter net profit of $1.47 billion posted on Thursday, boosted by increases in output and prices of oil and natural gas. Analysts polled by LSEG expected YPF to post a much smaller net profit of $312 million, but still reversing its year-ago loss... Continue Reading →
“In this third quarter of 2024, we achieved consistent financial results amid a context of declining Brent prices, which we were able to offset with higher sales volumes of oil products. We maintained strong cash generation of US$ 11.3 billion, up 24% from the previous quarter, sustained by the quality and performance of our assets.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (CA), in a meeting held today, approved the payment of interim dividends in the amount of R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share in circulation, as an anticipation of the remuneration to shareholders related to the fiscal year 2024,... Continue Reading →
Brazil Energy Insight 