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Germany-based renewable energy company RWE Renewables has appointed Katie Theoharides as Head of Offshore Development (East) in its offshore wind team in the U.S. Theoharides comes to RWE from her position as Secretary of Energy and Environmental Affairs for the Commonwealth of Massachusetts "A cabinet secretary to Governor Charlie Baker, she was responsible for more... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) announces its 1Q22 earnings. HIGHLIGHTS FOR THE PERIOD Message from the Management "2022 started with several developments that affected Brent prices, including the decrease in severity of COVID-19, an excellent reason to celebrate; and the regrettable war in Ukraine. We have seen oil prices rise sharply, with... Continue Reading →
U.S. oilfield service giant Halliburton on Monday announced senior executive leadership changes whereby Lance Loeffler, executive vice president and chief financial officer (CFO) will assume the role of senior vice president of the Company’s Middle East North Africa (MENA) region. “Lance has done a fantastic job serving as Halliburton CFO and has played an instrumental role... Continue Reading →
(PN) Açu Petróleo has just announced that it is now called Vast Infraestrutura. For the company, the name change represents an expansion of its business and a new positioning in the infrastructure market. “A brand look ahead and attentive to the future of energy”. The company is no longer exclusively an oil transshipment company to... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in accordance with the provisions of CVM Resolution No. 44, informs its shareholders, investors and the market in general that, on the Annual and Extraordinary General Meeting (“Meeting”) held on April 29, 2022, the shareholders approved the election of Mr. Roberto Castello Branco and... Continue Reading →
Offshore installation services firm Subsea 7 said Friday it had won a substantial contract in West Africa. Subsea 7 defines a substantial contract as being between $150 to $300 million. In a brief statement in which it didn't reveal much, Subsea 7 said the contract was for the engineering, procurement, installation, and commissioning of flowlines... Continue Reading →
(Reuters) - Wind turbine maker Vestas (VWS.CO) posted a deep first-quarter loss and slashed its 2022 margin forecast due to the war in Ukraine and writedowns in its offshore business, reflecting an industry wide struggle to turn a profit despite record demand. Focus on renewables has intensified as the West steps up efforts to wean itself off... Continue Reading →
(Reuters) Spanish energy group Repsol is taking a "softer" approach to its search for a partner for its newly created renewables unit as oil and gas prices are helping the company generate cash, its chief executive said on Thursday. Along with major European energy companies like BP and TotalEnergies, Repsol has been investing in low-carbon... Continue Reading →
Subsea 7 has reported a revenue of $1.2 billion in the first quarter of 2022, an increase of $197 million or 20% compared to Q1 2021, said to reflect strong growth in the Subsea and Conventional business unit. According to the UK-based company, the increase in revenue is impacted by significant activity on the Sakarya project... Continue Reading →
(Reuters) - German oil and gas producer Wintershall Dea (WINT.UL) said on Thursday it will look beyond Russia for growth in a "fundamental" change for the company, but will retain its assets there to avoid them falling to the Russian state. "There can be and will be no 'business as usual' with Russia now," Chief... Continue Reading →
Brazil Energy Insight 