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(Reuters) - The trading arm of Russia's Lukoil, Litasco, has moved part of its operations to Dubai over the last few months as European sanctions on Moscow push traders to neutral territory, according to trade sources familiar with the matter. Litasco, based in Switzerland, has moved at least 15 people to Dubai where it previously... Continue Reading →
(Reuters) Brazilian Treasury official Esteves Colnago has been tapped for a position on the executive board of Petrobras, two sources told Reuters on Thursday, as part of a broad shakeup at the state-run oil company under its new chief executive. It was not immediately clear if Colnago, who served as planning minister under the 2016... Continue Reading →
(Reuters) - Struggling wind turbine maker Siemens Gamesa (SGREN.MC) will replace the head of its onshore unit due to recent financial losses that have piled pressure on the business, an internal memo seen by Reuters showed. Chief Executive Jochen Eickholt said in an emailed internal memo seen by Reuters that Lars Bondo Krogsgaard, chief executive of the... Continue Reading →
Atlantic Shores Offshore Wind, a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, has appointed Joris Veldhoven as the company’s first Chief Executive Officer. The joint venture is working to develop offshore wind projects on the U.S. east coast, with the aim of providing electricity to New York and New... Continue Reading →
Petro Rio S.A. ("PRIO") (B3: PRIO3) informs that the Board of Directors approved the acquisition of up to 5.43% of the total shares issued by PRIO ("Share Buyback Program"). The Share Buyback may occur in one or more operations, and PRIO's Board of Directors will define the volumes in due course, considering the following conditions:... Continue Reading →
Petro Rio S.A. (PRIO”), following the Material Fact disclosed on the September 1st, 2022, informs its shareholders and the market in general that, on October 1, 2022, the Company’s Board of Directors approved, and the managements of the Company, as consenting intervening party, and of Dommo Energia S.A (“Dommo”) and Petro Rio OPCO Exploração Petrolífera... Continue Reading →
(OE) Offshore drilling companies Noble Corporation and Maersk Drilling have completed their merger. The transaction concluded through the completion of Noble’s recommended voluntary public share exchange offer to the shareholders of Maersk Drilling. The companies are now operating as a single organization as of October 3, 2022. Noble’s President and Chief Executive Officer, Robert Eifler, said:... Continue Reading →
(U) Brazil’s Prio intends to become one of the largest independent oil and gas companies in the Americas and is counting on more than doubling its production over the next two years to meet that target. With a solid cash position of $1.2 billion, the company is simultaneously developing a pair of clusters in the... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) hired Barclays' (BARC.L) investment bank to sell up to 49% in a portfolio of Spanish renewable power projects, Expansion newspaper reported on Monday, citing unidentified market sources. Iberdrola is considering selling a stake in a series of wind and solar power projects, most of them still in development, with a total capacity... Continue Reading →
(Reuters) - Shell (SHEL.L) has pulled out of two offshore wind projects in the west of Ireland operated by Simply Blue Group a year after the British company acquired stakes in the developments. Shell and Simply Blue said in a joint statement on Saturday that Shell's withdrawal from the Western Star and Emerald projects was a "portfolio... Continue Reading →
Brazil Energy Insight 