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(Reuters) - Spanish energy group Repsol (REP.MC) is selling a 25% stake in its oil and gas exploration division to U.S. fund EIG for $4.8 billion, building up a warchest for renewables projects as the energy industry moves to a lower-carbon future. The deal, first reported by Reuters earlier this year, values the whole business at $19... Continue Reading →
Petro Rio S.A. (PRIO), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August. Obs:(1) The Frade Field’s production was impacted 9-day shutdown in the month of August.
As the global energy crisis grips the world in its clutches, taking it by storm, the American Petroleum Institute (API), a trade association representing the oil and gas industry, is advocating for a ramp-up of the U.S. oil and gas production not only as a solution to the energy security concerns plaguing the world at large... Continue Reading →
(U) Petrobras is considering the potential of offering carbon capture and storage solutions for third-party industrial emissions in its native Brazil as part of a potential diversification strategy from the company’s key upstream oil and gas operations. “It’s a study we are doing right now,” Rafael Chaves Santos, executive director of institutional relations and sustainability... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI) plans to invest around 4.5 billion euros ($4.47 billion) in upstream activities each year from now to 2025 focusing on several countries, its deputy chief operating officer for natural resources said on Tuesday. "We are fully committed to invest 4.5 billion per annum in the upstream to bring on line... Continue Reading →
(PN) A new wave of developments in the Santos Basin that should start next year creates the expectation of generating new jobs, in addition to enabling the expansion of the use of support vessels. The so-called Stage 4 of the Santos Basin will cover 13 new Petrobras production units in the region, located in the... Continue Reading →
(Reuters) Namibian offshore oil and gas discoveries by TotalEnergies and Shell are of commercial quantities, likely in the billions of barrels, the southern African nation's mines and energy minister said on Friday. Both companies announced earlier this year that they had made "significant" discoveries offshore Namibia, and are currently making assessments. The companies did not detail the... Continue Reading →
(DJN) Profits from oil-and-gas production have surged as crude prices hover at elevated levels, but volatile returns and a fraught political climate have created a divide among the biggest private-equity firms about whether investing in the sector is worth the headache. Many public pension funds and endowments that invest in private-equity funds have put pressure... Continue Reading →
As part of the project to revitalize the Marlim and Voador fields, in the Campos Basin, Petrobras intends to reduce carbon emissions associated with the production of the areas by 60%. As a reminder, the revitalization of the Marlim cluster provides for the replacement of nine proprietary platforms by two new FPSOs equipped with technologies... Continue Reading →
(Reuters) - Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast. Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on. Offshore... Continue Reading →
Brazil Energy Insight 