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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 →
(Reuters) An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said. Chevron last October offered to pay $53 billion for Hess, one of the two biggest deals in the largest wave of consolidation... Continue Reading →
(OE) Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity-method affiliate. MODEC is a leading company in the offshore oil... Continue Reading →
(OE) British startup DRIFT Energy has closed a seed funding round for making green energy at sea using hi-tech sailing vessels. Led by Octopus Ventures, one of the largest and most active venture capital investors in the UK and Europe, and with support from Blue Action Accelerator, the company has secured £4.65 million ($6 million),... Continue Reading →
(TN) OceanPact received the award for the third most honored company in Latin America, in the small cap category in the Oil & Gas and Petrochemical sector, in the traditional survey conducted by Institutional Investor Research, which consulted around 1,200 investors and market analysts. OceanPact's “Investor Day” was considered the best in this same category.... Continue Reading →
There’s a new realism in the Floating Wind Industry. The big numbers from the hype days were never going to make it in time and projects are ‘moving to the right’ we hear almost daily. But perhaps those projects had too optimistic timelines initially. In reality, 2030 was just a round number and now that it’s suddenly close... Continue Reading →
(Reuters) Renewable energy group Orsted booked 3.2 billion Danish crowns ($472 million) in impairment losses in the second quarter, due partly to a delay in construction of a major U.S. offshore wind project, sending its shares down almost 8% on Thursday. The world's biggest offshore wind developer pushed back the start of commercial operations at... Continue Reading →
(offshoreWIND.biz) Equinor and Virginia Electric and Power Co, a subsidiary of Dominion Energy, have provisionally won lease areas in the Central Atlantic offshore wind auction in the US, each securing one site. The auction, which yielded almost USD 93 million (around EUR 84 million), saw a total of six companies participating. Equinor is provisionally awarded... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras following up on the release disclosed on 06/06/2024, informs that it will invest R$870 million to restart operating activities at the Araucária Nitrogenados S.A (ANSA) fertilizer plant, a wholly-owned subsidiary of the company. The plant, located in the state of Paraná, has been mothballed since 2020 and had its reopening... Continue Reading →
(Reuters) A development plan for Guyana's seventh offshore oil project is expected early next year, Natural Resources Minister Vickram Bharrat said on Wednesday, and would bring the South American nation's total oil production to more than 1.4 million barrels per day. The South American country has emerged as the fastest growing oil nation in the... Continue Reading →
Brazil Energy Insight 