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(Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date. The announcement, which was flanked by a raised full-year outlook and a fourfold increase... Continue Reading →
(Reuters) - Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, senior government officials for Paraguay and Brazil told Reuters. The plan being drawn up by Paraguay, reported in detail for the first time, aims to compete... Continue Reading →
Petrobras launched a bidding process to contract four large rigs, which will drill oil and gas production wells onshore in the fields of Araçás, Fazenda Azevedo, Massapê , Taquipe, Fazenda Boa Esperança, among others, in Bahia, and Rio do Urucu, Sudoeste do Urucu and Leste Urucu and Arara Azul, in Amazonas. The rigs to be... Continue Reading →
(Reuters) - Hess Corp (HES.N), opens new tab reported a first-quarter profit on Thursday that beat analysts' estimates, helped by higher production from the oil and gas company that is set to be acquired by U.S. energy major Chevron (CVX.N), opens new tab in a $53 billion deal. Net production at Hess jumped 27.3% to 476,000 barrels of oil... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Wednesday signaled first-quarter operating results would drop over the prior quarter on weaker oil, gas prices and a big loss in fuel derivatives, a securities filing showed. The drop follows two years of strong oil and fuel prices that turned the largest U.S. oil company into one of... Continue Reading →
(PN) Enauta announced that its Board of Directors approved the presentation of a proposal for the business combination with 3R Petroleum. The operation could create one of the main independent operators in Brazil and Latin America, with production potential that could exceed 100 thousand barrels of oil equivalent per day – in line with the... Continue Reading →
(OE) Enauta has proposed the merger with 3R Petroleum which would create one of the largest and the most diversified independent oil and gas companies in Latin America. The merger proposal has been approved by Enauta’s board of directors, and according to the company, the combination results in a balanced, five-year high organic growth portfolio... Continue Reading →
( offshoreWind.biz)Last year was a record year for offshore wind projects reaching a final investment decision (FID) with nearly 9 GW of capacity hitting this milestone in 2023, according to WindEurope’s annual report, issued on 28 February. Ahead of its annual event, opening today in Bilbao, the European wind energy industry organisation also released a new... Continue Reading →
(OM) Dril-Quip and Innovex Downhole Solutions, a supplier of well life-cycle technologies and services, have agreed to merge via an all-stock transaction. On closure, Dril-Quip stockholders would own around 52% of the combined company and Innovex stockholders around 48%. The new group, with annual revenue of over $1 billion, would offer clients technical solutions for... Continue Reading →
(Reuters) - Norwegian state-owned utility Statkraft, which has quietly become Europe's largest renewable energy producer, faces the challenge under its new CEO of balancing ambitions for global growth with financial restraint and calls to go public. On Monday, Statkraft's board announced Birgitte Ringstad Vartdal, its head of Nordic operations, would take on the top job... Continue Reading →
