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Energy technology company Baker Hughes announced it has opened a new "supercenter" facility for oilfield services and equipment in Guyana. The facility, which spans more than 8 acres, will support regional customers and bolster Baker Hughes’ localization efforts within South America. Referencing its work in Guyana, Baker Hughes said it currently provides drilling services, drill... Continue Reading →
(Reuters) - Portuguese oil & gas company Galp Energia (GALP.LS) finds Brazil an attractive country to pursue its bet on solar and wind energy, its CEO Andy Brown said on Monday, adding the company is looking for investment opportunities there. Galp had agreed in October to acquire and develop two solar projects in Brazil with a combined... Continue Reading →
(Rigzone) The world’s oil supermajors are pumping out cash as if crude was already trading at $100 a barrel. BP Plc, Shell Plc, TotalEnergies SE, Exxon Mobil Corp. and Chevron Corp. just generated the highest free cash flow since the start of 2008 -- when oil first climbed above $100 a barrel. Crude isn’t that... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was the winner of the "Deals of the Year" award, promoted by the North American magazine Latin Finance, in the category that highlights the best corporate debt management operation (Corporate Liability Management of the Year), in the year 2021. This is the fourth time, in the last... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) swung back to profit in 2021 thanks to surging oil and gas prices, and announced on Thursday a $2 billion share buyback scheme, an increase in dividends and a series of investments. With net income of $16 billion and adjusted net income of $18.1 billion, the French oil major's results were at their... Continue Reading →
Petrobras posted an excellent operational performance in 2021, reaching all production targets for the year with the achievement of the following marks: The highlights for 2021 were: FPSO Carioca production start-up, on August 23, the first platform in Sépia field, in Santos Basin pre-salt. Throughout the year, 3 new producing wells were connected and currently... Continue Reading →
(Reuters) - Turning around Siemens Gamesa (SGREN.MC) will take time, the CEO of its majority shareholder Siemens Energy (ENR1n.DE) said on Wednesday, adding that the latest profit warning from the wind turbine maker was "frustrating". Siemens Gamesa, the world's largest maker of offshore wind turbines, is suffering from supply chain issues that have hit several industries as well as... Continue Reading →
PetroReconcavo ended 2021 with an increase of 5.3 million barrels of oil equivalent in its reserves. The Reserves and Resources Certification report was prepared by the independent consultancy Netherland, Sewell & Associates and released this week by the oil company. Thus, the volume of new 2P reserves (proved and probable) totaled 10.8 million barrels of... Continue Reading →
(Reuters) - Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. "I cover Big Oil. I'm a supermajor guy," the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Instruction No. 480, informs its shareholders, investors and the market in general that, on January 27, 2022, the Company's Board of Directors decided to establish two committees to support the Board, namely (i) People and Compensation Committee and (ii) Finance Committee,... Continue Reading →
Brazil Energy Insight 