Petrobras sets its cap on 14 new FPSOs by 2028 but decarbonization bells and whistles are a must for all

(Offshore-energy.biz) Brazil’s state-owned oil and gas giant Petrobras is laying the groundwork to put 14 new floating production, storage, and offloading (FPSO) vessels into production mode over the next five years. As the Brazilian energy heavyweight is also determined to raise its emissions reduction bar, the new FPSOs and solutions are expected to come with decarbonization... Continue Reading →

Petrobras on remuneration to shareholders

Petróleo Brasileiro S.A – Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of interim dividends and interest on own capital in the amount of R$ 13.45 billion, equivalent to R$ 1.04161205 per outstanding common and preferred share, in anticipation of the remuneration to shareholders for the year 2024,... Continue Reading →

Black & Veatch Completes Feasibility Study for Colombia’s New LNG Terminal

(OE) Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a liquefied natural gas (LNG) regasification terminal and power plant. The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans. Beginning with a site assessment that focused... Continue Reading →

3R Petroleum 1Q 24 results

3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its results for the first quarter of 2024 (“1Q24”) . Except as indicated otherwise, the financial and operational information herein described is presented on a consolidated basis, in Brazilian Reais (R$), and in accordance with International Financial Reporting Standards (IFRS). QUARTER HIGHLIGHTS... Continue Reading →

Brazil’s Eletrobras net income down 19% in Q1

(Reuters) - Brazilian power giant Eletrobras (ELET6.SA), opens new tab reported late on Wednesday a first-quarter net profit of 331 million reais ($65 million), down 19% from a year earlier as it resumed investments in the transmission segment. WHY IT'S IMPORTANT Eletrobras is Latin America's largest utility and has been implementing new strategies after it was privatized in June... Continue Reading →

CMM Secures Funding to Facilitate Construction of Ethanol-Powered PSV Fleet in Brazil

(OE) Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil. The financing will enable CMM to recompose its shareholder structure and to expand its fleet, the company said. Panorama Capital Partners sourced and... Continue Reading →

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