Exclusive: Unigel demands Petrobras pay for losses on Brazil fertilizer plants, letter shows

(Reuters) - Brazilian chemical company Unigel is demanding compensation from state-run Petrobras (PETR4.SA), opens new tab for losses on two leased fertilizer plants, a legal letter seen by Reuters showed, marking another setback in negotiations to reopen the plants. The two plants, a key part of President Luiz Inacio Lula da Silva's plan to ease Brazil's dependency on imported fertilizer,... Continue Reading →

July 22, 2024 0

Portugal’s Galp Second-Quarter Profit Beats Expectations, Jumps 16%

(Reuters) Portugal's Galp Energia on Monday reported its second quarter adjusted net profit jumped 16% and beat expectations as higher oil price and lower cost of production offset lower production and stable refining margin. It booked an adjusted net profit of 299 million euros ($325.34 million), more than the 236 million euros expected by 18... Continue Reading →

July 22, 2024 0

Petrobras informs about reimbursement from partners related to the Tax Transaction notice

Petróleo Brasileiro S.A – Petrobras, following up on the release disclosed on June 17, 2024, informs that obtained the approval of partners in E&P consortiums for reimbursement to Petrobras related to adherence to the PGFN-RFB 6/2024 Transaction Public Notice (tax disputes of significant and widespread legal controversy). As previously reported, several Petrobras partners in E&P... Continue Reading →

July 19, 2024 0

Oilfield services firms SLB, Halliburton post profit gains on international demand

(Reuters) - Top U.S. oilfield service firms SLB and Halliburton posted higher quarterly profits on Friday helped by strong global demand, but they warned of softer activity in North America for the second half of this year. Oilfield service providers have in recent quarters bet on growth overseas, particularly in the Middle East and Asia, as well... Continue Reading →

July 19, 2024 0

Bolivia’s YPFB to invest $400 million to drill at latest natural gas discovery

(Reuters) - Bolivian state oil firm YPFB will spend around $400 million to drill gas wells and build facilities at a recently discovered natural gas "mega" field, the company said on Thursday. Production at the Mayaya field, estimated to hold 1.7 trillion cubic feet (TCF) of natural gas, should kick off in three to four years, YPFB... Continue Reading →

July 18, 2024 0

Cadeler Lines Up OW Turbine Installation Campaign in 2029

(OE) Danish offshore wind installation firm Cadeler has signed a preferred supplier agreement to secure vessel capacity with an undisclosed client, to transport and install offshore wind turbines. The installation campaign is due to commence in 2029 for an undisclosed client and project.t The effectiveness of the agreement is contingent upon the client’s success in... Continue Reading →

July 17, 2024 0

World Bank Group on future opportunities for offshore wind in Brazil

(TN) The World Bank Group released today 16/07, a study on "Scenarios for Offshore Wind Development in Brazil" based on analysis by DNV, an independent global expert in energy and risk management. This report is part of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under the Offshore Wind... Continue Reading →

July 16, 2024 0

Low-Carbon Hydrogen legal framework is approved in the Brazilian Chamber

(TN) Bill (PL) No. 2,038/2023, which creates the legal framework for low-carbon hydrogen, was approved by the Chamber of Deputies. Now, the text goes to President Lula for sanction. The Bill provides for the National Low Carbon Emission Hydrogen Policy – coordinated by the Ministry of Mines and Energy (MME) – and establishes incentives to... Continue Reading →

July 15, 2024 0

Offshore Wind Turbines Offer Path for Clean Hydrogen Production

NREL Researchers Identify Promising Locations off US Coastlines for Installation of Technology (CleanTechnica.com) Using electricity generated by offshore wind turbines as one pathway to split water to produce clean hydrogen may make economic sense, particularly along the U.S. Atlantic Coast and in the Gulf of Mexico, according to researchers at the National Renewable Energy Laboratory... Continue Reading →

July 15, 2024 0

Spanish government supports Siemens Gamesa $1.3 bln guarantee package

(Reuters) - The Spanish government has moved to support Siemens Energy's wind turbine division, Siemens Gamesa, as part of a 1.2 billion euro ($1.31 billion) guarantee facility, Spanish export credit insurance agency Cesce said on Monday. The Spanish state's backstop will be up to 600 million euros, or 50% of the package to support wind projects,... Continue Reading →

July 15, 2024 0

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Category: Financial

Exclusive: Unigel demands Petrobras pay for losses on Brazil fertilizer plants, letter shows

Portugal’s Galp Second-Quarter Profit Beats Expectations, Jumps 16%

Petrobras informs about reimbursement from partners related to the Tax Transaction notice

Oilfield services firms SLB, Halliburton post profit gains on international demand

Bolivia’s YPFB to invest $400 million to drill at latest natural gas discovery

Cadeler Lines Up OW Turbine Installation Campaign in 2029

World Bank Group on future opportunities for offshore wind in Brazil

Low-Carbon Hydrogen legal framework is approved in the Brazilian Chamber

Offshore Wind Turbines Offer Path for Clean Hydrogen Production

Spanish government supports Siemens Gamesa $1.3 bln guarantee package

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