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(OE) Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector. Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, informs that the Gabriel Passos Refinery, Regap, will receive investments to raise its energy efficiency, increase reliability and reduce carbon emissions. These are projects worth around R$ 2 billion by 2027, which reflect actions aligned with the company's Strategic Plan. Preliminary... Continue Reading →
Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a currency-comparable basis, by... Continue Reading →
(FOR) Shell has taken another axe to its once lofty decarbonization plans, as the U.K. oil giant’s pivot back to fossil fuels picks up steam. The group plans to cut at least 15% of staff working in its low-carbon solutions division while scaling back its hydrogen business, Reuters first reported Wednesday. The move will see 200 jobs go in... Continue Reading →
(Reuters) Siemens Energy shares plunged nearly 40% on Thursday, wiping 3 billion euros ($3.16 billion) off its market value, after the group said it was in talks with the German government about state guarantees following big setbacks at its wind unit. A spokesperson for the German economy ministry also confirmed the talks, describing them as... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in a session held today, the Second Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Council of Tax Appeals (CARF), heard and granted, by majority vote, the appeal filed by the National Treasury, limiting the deductibility of regular contributions, in a Private... Continue Reading →
(OE) Boards of directors of the Norwegian seismic data companies PGS and TGS have unanimously approved and decided upon a definitive merger agreement of the two firms, in line with the terms announced in September.The merger is to be structured as a statutory, triangular merger between TGS Newco AS, a newly established wholly owned subsidiary of... Continue Reading →
(Reuters) - A capital reserve set to be created by Brazilian state-run oil giant Petrobras (PETR4.SA) will be used solely to pay dividends, the firm's Chief Financial Officer Sergio Caetano told Reuters on Tuesday, easing some of the concerns raised by a planned revision of its internal bylaws. "This reserve is specific for paying dividends," Caetano said,... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N) and Chevron (CVX.N) are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the two largest U.S. energy companies to clinch transformative deals despite volatile oil and gas prices. Chevron said on Monday it would acquire Hess (HES.N) in a $53 billion all-stock deal, less than two... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) said on Monday it will buy smaller rival Hess Corp (HES.N) in a $53 billion all-stock deal, putting the company head to head with rival Exxon (XOM.N) in two of the world's fastest growing oil basins - shale and Guyana. The deal comes weeks after Exxon made a $59.5 billion offer for Pioneer Natural Resources (PXD.N) that would make it the biggest... Continue Reading →
Brazil Energy Insight 