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(Reuters) - Equinor (EQNR.OL) will book a loss from gas derivatives of between $1.4 billion and $1.5 billion for the final quarter of 2021, in line with previous statements that some third-quarter profits would be reversed, the energy company said on Tuesday. Norway's largest company on Oct. 27 reported a surge in July-September earnings, driven by a global... Continue Reading →
(Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell (RDSa.L), the world's largest trader of LNG, were... Continue Reading →
(OE) Italian offshore energy services firm Saipem has chartered Edda Accommodation's Edda Fides offshore accommodation vessel. The contract, starting in the second half of 2022 is for the Edda Fides' deployment in the Mauritania/Senegal joint maritime zone where it will support work on the Tortue field development. The contract is firm for a period of... Continue Reading →
Changes in the organization of the future second largest thermoelectric plant in Brazil. The Administrative Council for Economic Defense (CADE) approved the sale of Prumo Logística's stake in the Gás Natural Açu II (GNA II) plant, which is currently under construction at Porto do Açu, in São João da Barra (RJ). With the transaction, Prumo... Continue Reading →
Initiative reinforces the company's commitment to the gas market in Brazil (TN) Repsol Sinopec Brasil signed a sales contract for the Sapinhoá Norte gas with Petrogal Brasil, reinforcing its participation in the natural gas value chain in Brazil. With this contract, which is the first in this modality, the company began marketing this gas as... Continue Reading →
(WO) --The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere... Continue Reading →
Domestic oil production in November was 2.852 million bpd, up 2.7% from the previous month; and 3.5% compared to November 2020. In natural gas, with production of 137 million cubic meters per day, there was an increase of 3.7% compared to October and 8.1% compared to November 2020 Total Brazilian oil and gas production during... Continue Reading →
(Reuters) - Brazilian oil company Enauta Participacoes SA (ENAT3.SA) said on Monday it will no longer sell its stake in the Manati oilfield, adding that conditions for the conclusion of a previously announced deal with Gas Bridge SA have not been met. "The deal was subject to a series of commercial and regulatory conditions that should have... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Thursday signaled a return to annual profit for 2021 as stronger oil and gas prices drove a gain of up to $1.9 billion in operating profits that exceeded one-time charges. The largest U.S. oil producer issued a snapshot of final quarter results that showed it expects sequentially higher profit fromoil... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it was notified, on this date, of preliminary decisions rendered by the Court of Justice of the State of Rio de Janeiro that determined the maintenance of the conditions of the contracts entered into between Petrobras and state distributors (CEG and CEG RIO), which will expire on 12/31/2021,... Continue Reading →
Brazil Energy Insight 