TotalEnergies and the Government of Rio de Janeiro announced the signing of the Memorandum of Understanding (MoU) to collaborate with the development of offshore wind generation in the State. The agreement, which lasts for 2 years, includes the company's collaboration in studies related to fiscal and tax incentives and the expansion of the GRID system... Continue Reading →
(Reuters) - Brazilian energy company Raizen Energia SA (RAIZ4.SA) is mulling divestment opportunities and strategic partnerships to drive growth across its business units, company executives said on Wednesday. Raizen, a joint-venture between Shell PLC (SHEL.L) and Cosan (CSAN3.SA), has many assets that could be monetized through sales or partnerships, its CEO Ricardo Mussa said during a meeting with investors and... Continue Reading →
(Reuters) - Argentina's government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country, Economy Minister Sergio Massa said on Friday. Vaca Muerta is a massive shale formation in western Argentina seen as key... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/23/22, informs that it has signed a contract with the company Toyo Setal Empreendimentos Ltda. to conclude the works on the Natural Gas Processing Unit (UPGN) of the Itaboraí Gaslub Cluster, which had been halted since June 2022. With the resumption of the... Continue Reading →
(Reuters) - Dutch lender ING (INGA.AS) on Tuesday said it had again toughened its lending policy to the oil and gas sector, restricting finance to clients engaged in commodity or trade finance and "midstream" infrastructure. ING, a leading provider of commodity finance, said it was working on a methodology to reduce the volumes of traded oil and... Continue Reading →
Oil and gas producer Wintershall Dea swung to a loss last year, hit by significant impairments and losses related to Russia's war in Ukraine, it said on Thursday. Wintershall reported a group net loss of 4.8 billion euros ($5.1 billion), including 7 billion euros in one-off, non-cash losses related to its Russian upstream and associated midstream... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has signed the Integrated Natural Gas Processing System (SIP) contract with CNOOC Petroleum Brasil Ltda. (CNOOC) and, together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil, partners in the Santos Basin pre-salt offshore pipelines, has concluded the process of CNOOC's adhesion to the existing contracts of... Continue Reading →
(Reuters) - Argentina's booming shale production in Vaca Muerta, a formation that rivals the United States' Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth. The government is now racing to build out infrastructure: a major... Continue Reading →
(Reuters) - Argentina has secured financing of $689 million from Brazilian state development bank BNDES for the second stage of a crucial natural gas pipeline in the huge Vaca Muerta shale region, energy secretary Flavia Royon said on Monday. The pipeline, which will hugely increase the country's gas transport capacity, will help Argentina "to achieve... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2023-2027 (SP 2023-27). Throughout 2022, Petrobras delivered an operational and financial performance in line with its commitment to generate value for society and shareholders and in full adherence with the 2022-2026... Continue Reading →
