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(Reuters) - U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said. The two largest U.S. oil companies want to produce sustainable fuels without ponying up billions of... Continue Reading →
The divestment of Partex Brasil Ltda. and Partex Brasil Operações Petrolíferas Ltda. PTT Exploration and Production Public Company Limited, or PTTEP, wishes to announce that, on 30th July 2021, Participations and Explorations Corporation and Partex (Brazil) Corporation, subsidiaries of PTTEP, entered into a Sale and Purchase Agreement (SPA) to sell Partex Brasil Ltda. and Partex Brasil... Continue Reading →
(epbr) The port complex intends to attract partners to develop the four Ventos do Açu parks Porto do Açu, Prumo's port complex in Norte Fluminense, started the environmental licensing of offshore wind farms with 2,160 MW of installed capacity, and intends to attract one or more partners to develop the four wind farms of Ventos... Continue Reading →
(Reuters) Guyana's Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian refiner, the highest figure since exports began in early 2020, though an official ruled out a long-term supply deal. Guyana sold the cargo of 1,047,820 barrels of light, sweet Liza crude at... Continue Reading →
(Reuters) Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday. The government re-launched the search last month after a previous tender was discarded. Bids were due on Aug. 3,... Continue Reading →
(Reuters) - Mexico's government is investigating the world's largest independent energy trader Vitol over "irregularities" in the documenting of its refined oil products entering Mexico that could lead to criminal charges for tax evasion, the country's tax chief told Reuters. The probe of Vitol (VITOLV.UL) is part of a drive to investigate alleged import tax... Continue Reading →
(Reuters) - Brazil's Federal Audit Court (TCU) says there is a risk of fuel shortages in regional markets as a result of the sales of assets by state-controlled oil company Petroleo Brasileiro SA (PETR4.SA), according to a statement on the court's website. The TCU said it found a risk of shortages in an audit of the... Continue Reading →
(PetroNoticias) The exploratory success in neighboring Suriname and Guyana, nations that entered the world oil and gas map after relevant discoveries on their coast, is a strong indication that the Brazilian portion of the Equatorial Margin also has great potential to become a new oil and gas production hub in the country. The topic was... Continue Reading →
The finance director of Petrobras, Rodrigo Araújo, revealed that the company received proposals with “substantially lower” values in the sale process of the Presidente Getúlio Vargas Refinery (Repar), located in Paraná. Within the company's divestment program in the refining segment, this transaction is behind in relation to other negotiations, as detailed during a virtual conference... Continue Reading →
SBM Offshore is pleased to announce a EUR150 million (c. US$180 million) share repurchase program, effective from August 5, 2021. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. The repurchase program is expected to be completed within the year 2021, and... Continue Reading →
