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(Reuters) - Royal Dutch Shell (RDSa.L) will boost returns to shareholders via share buybacks or dividends earlier than expected after a sharp rise in oil and gas prices helped it reduce debt, the Anglo-Dutch energy firm said on Wednesday. Shell will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that, in accordance with the contracts in effect, it will adjust, as of August 1, 2021, the natural gas sale prices for distributors. The variation results from the application of the supply contract formulas, which link the price to the oil price and the exchange rate. The contract prices... Continue Reading →
Just days after a video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared that environmental damage was avoided due to quick action by its workers. The July 2 blaze, caught on video apparently from a nearby helicopter, showed bright... Continue Reading →
Development of the liquefied natural gas market boosts supply chain in the country's energy sector With the New Gas Law, sanctioned on April 8, liquefied natural gas (LNG) will have a relevant role in the national market. Among the main advantages of the fuel are the competitive prices, in addition to the flexibility of origin.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 10/01/2021 and 04/16/2021 informs that on 06/14/2021, a public session was held to open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with the company Excelerate Energy Comercializadora de Gás Natural Ltda. (Excelerate)... Continue Reading →
Will Be the Most Fuel-efficient Gas Turbine Power Plant in South America (BUSINESS WIRE)--Mitsubishi Power Americas, Inc. has shipped an M501JAC gas turbine to Marlim Azul Energia’s power plant in Macaé, Rio de Janeiro, which will become the most fuel-efficient power plant in South America when it begins operation in January 2023. The plant was the winning... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will start on August 15th the scheduled stoppage for 30 days of the Mexilhão platform and Route 1 pipeline, which outflows natural gas produced in Mexilhão and in other pre-salt and post-salt platforms in the Santos Basin. The intervention on Mexilhão platform and Route 1 gas pipeline... Continue Reading →
Excelerate Energy’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas (LNG) for the 2021 winter season in Argentina, providing reliability and stability... Continue Reading →
Petronas's first-quarter profit more than doubled on the back of recovering commodity prices, but the Malaysian state oil firm cautioned demand prospects hinged on vaccines preventing a resurgence of the COVID-19 pandemic. Petronas said on Monday it made a post-tax profit of 9.3 billion ringgit ($2.25 billion) in January-March, against 4.5 billion ringgit in the same quarter... Continue Reading →
(epbr) Production at Pão de Açúcar, discovered at BM-C-33, pre-salt in the Campos Basin and operated by Equinor Brasil (35%), will have an unprecedented natural gas treatment system installed on the topside of the production platform itself. It was the solution found to deal with the great potential for natural gas production associated with the... Continue Reading →
