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(Reuters) - Brazilian energy company Eneva (ENEV3.SA), opens new tab on Thursday reported a net loss of 290.6 million reais ($58.24 million) in the fourth quarter, compared with a loss of 193.9 million reais for the same period in the previous year. The result was due to an impairment of 432 million reais related to the renegotiation... Continue Reading →
(Reuters) - U.S. energy giant ExxonMobil Corp (XOM.N), opens new tab is weighing offers for its oil and gas assets in Argentina's Vaca Muerta shale region, a source familiar with the plan said on Friday, adding there was no time frame for a decision and the sale may not move forward. Bloomberg earlier on Friday reported that... Continue Reading →
(OET) Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance, certification, modification, engineering, and installation of equipment for both offshore and onshore installations,... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE), opens new tab is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group's annual general meeting (AGM). "The losses we incurred in our wind business and the underlying problems are unacceptable. We... Continue Reading →
(PN) 3R announced that it hired Itaú BBA as the company's financial advisor in evaluating the operation. The consultancy includes, together with internal teams and legal advisors, the evaluation of the strategy and schedule, and the analysis of the best corporate structure for implementing the potential transaction, if implemented. As a reminder, the merger proposal... Continue Reading →
(epbr) Petrobras plans to conquer 10% of the centralized wind and solar generation market in Brazil by 2028, according to a presentation made to investors in New York. The company's 2024-2028 strategic planning foresees having around 5 GW of photovoltaic and wind capacity in operation or construction. To achieve this, the state-owned company will invest... Continue Reading →
The exponential growth in pre-salt production, 240% since the first oil in the region, and the maintenance of refinery capacity generated a significant volume of surplus input, sold on the international market. The projection is for a continuous increase until 2030. Brazil reached a historic milestone in its oil exports, reaching the highest volume in... Continue Reading →
(Bloomberg) -- The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday. The so-called omnibus bill, currently up for debate in the lower house, was changed... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab will this year start buying stakes in domestic onshore wind and solar projects to create a roughly 2 gigawatts (GW) renewable energy portfolio, the firm's chief executive told Reuters. Petroleo Brasileiro is looking to buy stakes in assets that are already operational, Jean Paul Prates said... Continue Reading →
(PN) New numbers point to an increase in well drilling activity in Brazil. The National Petroleum Agency (ANP) revealed new data forecasting investments in exploration in Brazil. According to the regulatory body, oil companies located in the country must spend US$1.96 billion on exploration during the year 2024. Well drilling is the activity that will... Continue Reading →
