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(epbr) The Port of Açu, located in the north of Rio de Janeiro (RJ) and controlled by Prumo Logística, announced the closing of the first contract to reserve an area for the hydrogen hub of the Port of Açu. The agreement was signed with the Norwegian company Fuella, specialized in the development and operation of... Continue Reading →
(offshore-energy.biz) With oil, gas, and liquefied natural gas (LNG) still running the global energy show as the crown jewels within the ebbs and flows in the worldwide energy demand, the European and U.S. oil majors – the UK’s duo Shell and BP, France’s TotalEnergies, and Italy’s Eni alongside U.S.-based trio: ExxonMobil, Chevron, and ConocoPhillips –... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras will pay extraordinary dividends if there is an "opportunity" for it, Chief Financial Officer Fernando Melgarejo told investors during an earnings call on Friday. Any decision on an extraordinary payout would depend on cash conditions and future cash-generation capacity, said Melgarejo, adding that "an extraordinary dividend payment is... Continue Reading →
New Fortress Energy missed second-quarter earnings estimates on Friday after delays in starting up a floating LNG export facility off the coast of Altamira in Mexico. New Fortress stock was down 25% on Friday morning on Nasdaq. The company reported a net loss of $88 million for the quarter and a loss per share of... Continue Reading →
(Reuters) - Vestas, the world's largest maker of wind turbines, warned of a second quarter loss on Monday and trimmed its full-year profit margin and revenue outlook, sending the company's shares down 5%. Vestas' service business, usually a bright spot, would book a one-off 300 million euro ($327.63 million) second quarter hit, it said, affected... Continue Reading →
(offshoreWind.biz) Renexia, Mingyang Smart Energy and Minister Adolfo Urso from the Ministry of Enterprises and Made in Italy (MIMIT) have signed a memorandum of understanding (MOU) that will see the Chinese OEM producing wind turbines in Italy and supplying 18.8 MW wind turbines for Renexia’s Med Wind floating wind farm. The agreement includes a EUR... Continue Reading →
(Reuters) Mexico's incoming government will encourage state oil producer Pemex to seek equity partnerships with private oil companies, a model out of favor with the current president, in a bid to boost reserves amid towering debt, according to four sources familiar with the matter. These partnerships would be similar to past Pemex joint ventures with... Continue Reading →
Petrobras informs that its Board of Directors approved, in a meeting held today, the payment of interim and intermediate dividends, as well as interest on equity (JCP), in the amount of R$ 13.57 billion, equivalents to R$ 1.05320017 per outstanding common and preferred share. The proposed distribution is in line with the current Remuneration Policy... Continue Reading →
“Petrobras maintained robust cash generation in the second quarter of 2024, which allowed it to make US$ 3 billion in investments, comply with our shareholder remuneration policy and pay dividends. The net result for the quarter should be analyzed in light of events that impacted the accounting result but had no relevant impact on the... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras has appointed a new "super manager," Wagner Victer, tasked with boosting capital expenditure, to meet demands from Brazil's President Luiz Inacio Lula da Silva, sources said. Lula considers Petrobras an engine for job creation and development, but the company has faced hurdles to invest in the past year... Continue Reading →
Brazil Energy Insight 