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(OE) Brazilian oil company Enauta said Thursday that it has successfully replaced the seabed pump and returned to production a well at its Atlanta field, offshore Brazil. With the well, named well 7-ATL-4HB-RJS, online, the field returned to producing around 12,500 barrels of oil per day, contributing to the company's total production of around 21,500... Continue Reading →
Italy's Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the energy contractor into issuing a profit warning, two sources close to the matter said on Wednesday. Saipem, a [company specializing] in subsea exploration and construction and provider of services to... Continue Reading →
(Reuters) - Brazilian state run oil firm Petrobras should raise gasoline prices in the domestic market to reflect high international oil prices and level the playing field, Ricardo Mussa, chief executive of energy company Raizen (RAIZ4.SA), said on Tuesday. "At some point, Petrobras will have to make a move in gasoline ... (the current price situation)... Continue Reading →
(Reuters) - Italian energy services group Saipem said on Tuesday it would submit an updated strategic plan for approval by the board on March 15. Sapem, which presented its 2022-2025 plan last October, issued a surprise profit warning at the end of last month and pulled its outlook. The company, controlled by energy group Eni... Continue Reading →
A setback in the courts for Dommo Energia (formerly OGX). The company announced that the court of the International Chamber of Commerce rejected its claim for damages against the Malaysian company Petronas. With the defeat, Dommo will likely be forced to bear the costs related to the arbitration process. This is a dispute that has... Continue Reading →
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 →
