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Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts/Communications published on 11/07/2024, 12/10/2024 and 02/13/2025, informs that it will make today the payment of the first installment of shareholder remuneration relating to the balance sheet of September 30, 2024. The gross amount to be distributed today corresponds to R$ 0.67545217 per common and... Continue Reading →
Neoenergia released its financial and operating results for the fourth quarter and the accumulated total for 2024. Adjusted profit was R$1.4 billion in the fourth quarter and R$4.3 billion in 2024, in line with 2023. In 2024, Neoenergia increased investments, ensuring the quality of energy delivery, with cost discipline and control of operating expenses below... Continue Reading →
(oilnow.gy) SBM Offshore is working to lay the foundation for capacity building and local content development in Suriname as it looks towards delivering the first FPSO for TotalEnergies’ Gran Morgu project, set to begin production in 2028. Pierre Gaté, Country Entry-Manager of SBM Offshore Suriname, said the company is leveraging its early presence to maximize... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed two Protocols of Intent to carry out studies on the reuse of oil and gas production platforms that are in the demobilization stage. In the first agreement, in addition to Petrobras, the National Union of the Shipbuilding and Offshore Repair Industry (SINAVAL) and the Brazilian... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts/Communications published on 11/07/2024 and 12/10/2024, informs that it will pay on 02/20/2025 the first installment of shareholder remuneration relating to the balance sheet of September 30, 2024, based on the shareholder position of 12/23/2024. This first installment will be paid in the form of... Continue Reading →
On Wednesday, February 12, Petrobras signed an oil export contract with the Indian state-owned company BPCL - Bharat Petroleum Corporation Limited. The contract provides for a total sales volume of up to 6 million barrels per year and will begin in 2025. "This contract is expected to increase India's share of Petrobras' oil exports. We... Continue Reading →
(offshore-energy.biz) Brazil’s deepwater offshore drilling contractor Ventura Offshore has struck a deal with Umas 1 as the seller of a semi-submersible rig the firm decided to acquire last year to make a lump sum payment as a final settlement. Ventura Offshore Midco disclosed at the end of June 2024 the acquisition of the SSV Catarina, the... Continue Reading →
(Reuters) BP reported quarterly profit of $1.17 billion on Tuesday, weaker than expected and the lowest in four years, while the company promised to reset its strategy, after news broke at the weekend that investor Elliott Management had built up a stake. BP joins other oil majors that have experienced a decline in earnings throughout... Continue Reading →
(Reuters) - Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for board changes and strategy shifts to boost returns. BP CEO Murray Auchincloss, appointed in January last year, has struggled to reverse the company's underperformance. Expectations... Continue Reading →
(Reuters) -U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Thursday, as robust demand for natural gas equipment and services helped offset weak sales of its drilling gear in North America. Oilfield service companies are grappling with lower demand as extraction technologies get more efficient and higher supplies deter more... Continue Reading →
Brazil Energy Insight 