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 →
Siemens Energy warns no quick fix for Siemens Gamesa wind turbines
(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 registers increase in 2P reserves in 2021
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 →
Oil and gas bankers confront their own energy transition
(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: Installation of Advisory Committees to the Board of Directors
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 →
Saipem Names Eni’s Puliti General Manager
Italian energy services firm Saipem, which on Monday issued a profit warning that sent its shares down to historic lows, on Friday appointed Eni's Alessandro Puliti as General Manager of the company. Born in Florence in 1963, Puliti has served as General Manager of the Natural Resources Division at the Italian oil firm Eni, Saipem's... Continue Reading →
3R Petroleum Change on Equity Interest
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with provisions of article 12 of CVM Resolution No. 44, communicates to its shareholders, investors and the market in general that received, on this date, notification from Starboard Asset LTDA. (“Starboard” or “Manager”), manager of 3R Petroleum Fundo de Investimento em Participações Multiestratégia (“FIP... Continue Reading →
Exxon unveils sweeping restructuring in latest cost cutting move
(Reuters) - Exxon Mobil Corp (XOM.N) on Monday disclosed a sweeping restructuring of its global operations that will combine its refining and chemicals businesses into one, and put its energy transition business on the same footing as its other operations. The broad restructuring marks its latest cost-cutting effort after activist investors seeking to boost returns and address... Continue Reading →
Report: Siemens Energy Weighs Options for Siemens Gamesa Integration
(Reuters) Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure. The company is currently working with advisers to look at options for how to best acquire the remaining... Continue Reading →
Prumo Logistica Purchases 20% of the Oiltanking Shares and Assumes Total Control of Açu Petroleo
(PN) Prumo Logistica, a company controlled by EIG Global Energy Partners, responsible for the development of Porto do Açu, acquired the 20% stake held by the German company Oiltanking and will now control 100% of Açu Petroleo. Formed in 2016, Açu Petroleo is the owner of the only private terminal in Brazil for transshipment of... Continue Reading →
