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(Reuters) - Exxon Mobil (XOM.N) has begun removing U.S. employees working in Russia, according to a person familiar with the matter. The departures include staff from its large oil and gas production operations on Sakhalin Island in Russia's Far East. Exxon last year employed more than 1,000 people across Russia with offices in Moscow, St. Petersburg, Yekaterinburg... Continue Reading →
(Reuters) - The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it. The United States sanctioned Nord Stream... Continue Reading →
(Reuters) - Mexican state oil company Pemex reported a $6.05 billion fourth-quarter net loss on Monday, driven by highertaxes and currency exchange losses despite more oil output, with the firm set to require further big cash infusions from the government. Pemex (PEMX.UL), which has long struggled to stay in the black, managed to turn a... Continue Reading →
(Reuters) - Shell (SHEL.L) will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the latest major Western energy company to quit the oil-rich country following Moscow's invasion of Ukraine. The decision comes a day after rival BP abandoned its stake in Russian oil giant Rosneft (ROSN.MM) in a move that... Continue Reading →
Oil and gas company Kosmos expects to spend approximately $700 million in capital expenditures in 2022. The company will spend around $400 million of the budget in relation to its base business in Ghana, Equatorial Guinea, and Gulf of Mexico. Around $300 million is set to be spent in relation to its assets in Mauritania... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it released today the new edition of its Climate Change Supplement. The document details information regarding Petrobras' emissions performance in 2021, in addition to the progress made in indicators related to sustainability commitments. It shows how climate change is reflected in the company's strategies and decarbonization initiatives to... Continue Reading →
TechnipFMC has gathered over $6.7 billion in inbound orders in the financial year 2021, a 33.4% increase from the $5 billion in 2020, according to the company’s latest results. The company’s chair and CEO Doug Pferdehirt said that 2021 was a breakout year for TechnipFMc as the full-year adjusted EBITDA was $580 million with a... Continue Reading →
(Reuters) Italian energy services group Saipem pledged on Thursday to cut costs and focus more on its traditional offshore business after it reported a swing to a core operating loss for the last year. Saipem said its adjusted core earnings, or EBITDA, were negative to the tune of 1.192 billion euros ($1.34 billion). That compares... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, authorized the submission to the General Shareholders' Meeting, scheduled for April 13, 2022, the proposal for distribution of complementary dividends equivalent to R$ 2.8610762 gross per outstanding preferred and common share. Considering the anticipations made in August and December... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved on this date the partial prepayment of the Pre-70 Term of Financial Commitment (TFC Pre-70) and Pension Difference Term of Financial Commitment (TCF Pension Difference), celebrated with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$ 6.882 billion, expected to... Continue Reading →
Brazil Energy Insight 