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(Reuters) - Spain's Enagas (ENAG.MC) and Canadian pension fund Omers agreed to sell their holdings in Chile's GNL Quintero, which represent an 80% stake, to Belgian gas utility Fluxys (FLUX.BR) and investment fund EIG, Enagas said on Monday. The Spanish gas pipeline operator which owns 45.4% in GNL Quintero, said it sold its stake for $661 million and said... Continue Reading →
(Reuters) - Saipem (SPMI.MI) will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black. The company stunned investors in January when it downgraded earnings by a billion euros due to a significant deterioration of... Continue Reading →
The independent oil company closed 2021 with net revenue of R$ 1.04 billion. Of this total, BRL 285 million refers to the fourth quarter, with a growth of 38.1% compared to the same period in 2020. In addition, the company's net income reached BRL 176.9 million in the consolidated for 2021 and EBITDA in the... Continue Reading →
(PN) One of the great expectations of the Brazilian oil and gas sector this year is the entry into operation of the Route 3 gas pipeline, which will transport gas from the pre-salt layer to the coast. In preparation to finally put the asset into operation, Petrobras informed Petronotícias that the final phase of commissioning... Continue Reading →
(OM) In its Annual Energy Outlook 2022 (AEO2022) Reference case, the US Energy Information Administration (EIA) projects that US energy consumption will grow through 2050, primarily driven by population and economic growth. In this case, the EIA says that renewable energy will be the fastest-growing energy source through 2050, but that petroleum will have the largest... Continue Reading →
(PN) Shell notified the discovery of evidence of natural gas in block C-M-791, located in the Campos Basin, off the coast of Rio de Janeiro, in a water depth of 2,917 meters. The discovery took place in well 1-SHEL-34A-RJS (Bob-1A), according to information from the National Petroleum Agency (ANP). The drilling of the Bob-1A well... Continue Reading →
(Reuters) Flaring by the energy sector in Mexico hit record levels last year while the number of sites where gas is burnt off also rose despite government pledges to reduce such activity, research by a leading team of scientists showed. The practice releases carbon dioxide, black carbon, and other pollutants as well as methane, a... Continue Reading →
(Reuters) - Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 70,000 barrels per day (bpd) to a record 5.208 million bpd in April, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale... Continue Reading →
(Reuters) - State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters. Petroleo Brasileiro SA, as the company is formally known, is expected... Continue Reading →
(Offshore Energy) Oil and gas giants BP and Eni have signed an agreement to form a new 50/50 independent company in Angola through the combination of the two companies’ Angolan businesses. The new company will be named Azule Energy and it is expected to be Angola’s largest producer. The agreement follows the memorandum of understanding between the... Continue Reading →
Brazil Energy Insight 