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(epbr) ExxonMobil plans to start drilling in deep waters of the Sergipe-Alagoas Basin in the second half of 2021, said Alberto Ferrin, vice president of the oil company in Brazil. The company is licensing 11 exploratory wells in the basin, in areas of the 13th, 14th and 15th bidding rounds of the ANP, when it... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3 ticker: PRIO3) in accordance with CVM Instructionº 358/2002, announces to its shareholders and the market that the Board Meeting held on April 30, 2021 has approved a 5-for-1 stock split of Company shares, so that each share will be represented by 5 (five) shares. 702,664,676 new common shares... Continue Reading →
(Reuters) Petroleos Mexicanos (PEMX.UL) said on Friday its losses narrowed 93% in the first quarter after higher sales, lower imports and tax cuts eased pressure on Mexico's highly indebted state oil company. Pemex, as the company is known, said the net loss of 37.297 billion pesos ($1.8 billion) shrank from 562.130 billion pesos in the... Continue Reading →
Italian oil and gas company Eni booked a net profit of over $1 billion in the first quarter of the year due to a strengthened upstream price environment. Eni said in its financial report on Friday posted a net profit of €856 million ($1.034 billion) due to a strengthened upstream price environment in the first... Continue Reading →
U.S. supermajor ExxonMobil booked a quarterly profit due to benefits of higher commodity prices and structural cost reductions. ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits... Continue Reading →
Brazilian oil and gas company Enauta has come to an agreement with Dommo Energia regarding all of the ongoing legal proceedings pertaining to the Atlanta Field offshore Brazil. This has been a long ongoing dispute dating back to 2017. At the time, Barra Energia exercised the rights to expel Dommo Energia from Block BS-4 which... Continue Reading →
Mexico's Senate on Thursday approved an initiative to remove certain limits on the market power of Petroleos Mexicanos (Pemex), in the latest boost for the state oil company under President Andres Manuel Lopez Obrador. A few days after a congressman from Lopez Obrador's National Regeneration Movement (MORENA) proposed it, the Senate signed off a measure... Continue Reading →
(Reuters) Chevron Corp's (CVX.N) first-quarter profit fell 29% compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results last year. Oil companies are generally enjoying a recovery in energy prices, up at least a... Continue Reading →
Norwegian oil and gas company Aker BP has booked a profit and saw higher income in the first quarter of the year due to higher realised prices and an increase in sold volume compared to the previous quarter. Aker BP had a total income in the first quarter of 2021 of $1,133 million, a rise... Continue Reading →
(Reuters) French energy group Total SE (TOTF.PA) posted first-quarter earnings on Thursday close to levels from before the coronavirus pandemic, as higher oil and gas prices boosted its trading business and it increased electricity production. The company, which is branching into renewable energy and diversifying away from hydrocarbon-centred activities, benefited from this drive as areas like oil... Continue Reading →
Brazil Energy Insight 