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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/01/2023, 03/17/2023, 03/29/2023 and 04/03/2023, informs that its Executive Board, based on the new strategic elements approved by the Board of Directors, has adopted the following decisions regarding the respective divestment processes that had not yet reached the stage of signature of the... Continue Reading →
(RE) Brazil has the potential to produce up to 1.8 billion tonnes of hydrogen a year at some of the lowest costs in the world, officials in Brasilia have said, with nearly 20% coming from projects supplied with power from offshore wind. For the time being, however, there are no offshore wind projects in development... Continue Reading →
(Reuters) - Colombia's majority state-owned oil company Ecopetrol (ECO.CN) is looking at the possibility of restarting exploration at eight suspended oil and gas contracts, chief executive Ricardo Roa said on Wednesday. The government of leftist President Gustavo Petro has prioritized weaning Colombia off of its dependence on oil and coal, major sources of income for the country,... Continue Reading →
(epbr) After taking over the operation of the Potiguar Cluster in June, 3R Petroleum is now seeking partnerships and divestments of some assets that make up the industrial asset of Guamaré (RN), said this the company's financial director, Rodrigo Pizarro . The executive also ruled out, for the time being, plans to increase the capacity... Continue Reading →
(Reuters) - Colombia's majority state-owned oil company Ecopetrol on Thursday reported a new oil and gas discovery in Putumayo province. The Alqamari-2 well was drilled to a depth of 9,287 feet and saw daily flow of 1,800 barrels of oil, Ecopetrol said in a statement. The oil is a light hydrocarbon. The rate of associated... Continue Reading →
(Reuters) - Siemens Energy's (ENR1n.DE) troubled wind turbine division is not expected to break even before 2026, analysts at JPMorgan and Deutsche Bank said on Wednesday, adding the unit's recovery would take longer than expected amid far-reaching problems. Frankfurt-listed shares in the company were trading 0.79% lower at 0653 GMT, two days after the group disclosed a... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby reports its results for the second quarter of 2023 (“2Q23”). Except as indicated otherwise, the financial and operational information set out below is presented on a consolidated basis and expressed in Brazilian Reais (R$), in accordance with accounting practices adopted in Brazil (CPC)... Continue Reading →
(Reuters) Shares in Siemens Energy fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge. The group's shares slid 7.4% to the bottom of Germany's blue-chip index, as the group disclosed... Continue Reading →
(WO) – Bolivia’s state-run oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) made a natural gas discovery at the Remanso-X1 well. The new reservoir will generate approximately $5 billion in gas revenue for the country. “The well is undergoing condensate production tests (48° API). These results will allow it to be classified as the discoverer of... Continue Reading →
(Bloomberg) – ExxonMobil Corp., which once planned to bet big on Argentina’s oil and gas riches, has put all of its shale assets in the country under review. Exxon is involved in six areas of Argentina’s heralded Vaca Muerta — Spanish for Dead Cow — formation in Patagonia. The company’s plans to ramp up development... Continue Reading →
