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(Bloomberg) -- Inside Brazil’s presidential palace, angst is mounting as the economy sputters along, churning out tepid growth figures month after month. President Luiz Inacio Lula da Silva is ratcheting up the pressure on his top aides to boost spending, gin up faster growth and turn around his sinking approval ratings. This, people close to... Continue Reading →
(Offshore-energy.biz) Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 million, with improving margins at 10.6% compared to 9.3% in 2022 – a year that Prysmian... Continue Reading →
(Bloomberg) -- On the outskirts of Rotterdam, a bright orange ship is hoisted above the muddy Rhine with the help of six chunky triangular legs. The vessel has just been retrofit with a huge crane capable of lifting up to 1,600 tons 160 meters above deck. Once the finishing touches have been made, the Wind... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the article "Controversy puts dialogue between Petrobras and the market in check", published in Valor Econômico this Friday, reiterates that the company did not promise or signal a direction for extraordinary dividends at an event with analysts and investors, as already disclosed in a release on March 12. Petrobras... Continue Reading →
(Reuters) - Brazilian energy company Eneva (ENEV3.SA), opens new tab on Thursday reported a net loss of 290.6 million reais ($58.24 million) in the fourth quarter, compared with a loss of 193.9 million reais for the same period in the previous year. The result was due to an impairment of 432 million reais related to the renegotiation... Continue Reading →
(Reuters) - Malaysia's state energy firm Petroliam Nasional (Petronas) (IPO-PETO.KL), opens new tab said on Friday it expects oil and gas markets to face continued uncertainties this year, as it reported a drop in fourth quarter profit due to lower energy prices. The conflicts in Ukraine and Gaza have led to heightened supply risks, while slowing global... Continue Reading →
Australia's top oil and gas company Woodside Energy has awarded a contract to Subsea 7 for subsea installation services for the Trion development offshore Mexico. Subsea 7 described the contract as large, which means its value ranges between $300 million and $500 million. The scope of contract for Subsea 7 includes engineering, construction, and installation... Continue Reading →
Petróleo Brasileiro S.A - Petrobras, following up on the press releases published on 11/09/2023 and 11/21/2023, informs that it will pay on 03/20/2024 the second installment of dividends relating to the balance sheet of September 30, 2023, based on the shareholder position of 11/21/2023, in connection to the Material Fact released on that date. The... Continue Reading →
(OM) The Zama offshore oilfield development project operated by state company Pemex has been “delayed for the right reasons,” according to Talos Energy Chief Executive Tim Duncan. Duncan said that the delay will allow needed changes to the engineering design that will enable the project to move forward. Duncan was quoted by Reuters in a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the article "Presentation to analysts in NY would have signaled payment of dividends by Petrobras", published in Valor, clarifies that the company did not promise or signal any indication of extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024. Petrobras seeks to be transparent... Continue Reading →
Brazil Energy Insight 