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(Reuters) Dutch oil and gas services company SBM Offshore on Thursday upgraded its full-year revenue and core profit targets after ExxonMobil exercised its purchase option for a project in Guyana. The Amsterdam-based company now aims for a directional revenue of $4.4 billion for 2023, against a previous forecast of above $2.9 billion, and earnings before... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies that, yesterday, it was informed by Abu Dhabi National Oil Company (ADNOC) of its non-binding proposal for the acquisition of Novonor S.A.'s (Novonor) stake in Braskem in the amount of R$10.5 billion. This proposal will still be evaluated by Petrobras' competent bodies. According to releases to the market published... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) expects more than 1 billion euros ($1.1 billion) in revenues over the medium-term from its hydrogen electrolyser manufacturing business, one of the company's board members said on Wednesday. Electrolysers can use renewable energy to separate hydrogen from water, and the hydrogen can then be used as a alternative to fossil fuels in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media and in line with the statement of October 25, 2023, confirms that its 2024-2028 Strategic Plan (2024-28 SP) is under construction, and will still be approved by the company's Executive Board and Board of Directors. The strategic elements of the 2024-28... Continue Reading →
(Reuters) - Brazilian power company Eletrobras (ELET6.SA) on Wednesday reported a third-quarter net profit of 1.47 billion reais ($302 million), swinging back to the black after a small net loss of 88,000 reais a year earlier. Analysts polled by LSEG had forecast a profit of 1.44 billion reais for Latin America's largest utility for the three months... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Riograndense Petroleum Refinery (RPR) has reached a historic milestone by processing 100% soybean oil in an industrial refining unit for the first time. The test, carried out between the end of October and the beginning of November, opens a new world frontier for biorefining. The technology, developed... Continue Reading →
(OET) U.S. energy infrastructure company New Fortress Energy (NFE) has executed definitive agreements with the Brazilian development bank Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and funds managed by Lumina Capital Management and BTG Asset Management to fund up to $575 million in asset-based financing. According to NFE, these financings will be used to... Continue Reading →
(Reuters) Danish wind turbine maker Vestas on Wednesday reported third-quarter operating profits and revenue above expectations, reflecting an easing of supply chain disruptions and higher prices for turbines, boosting its shares 9% in early trade. The world's leading turbine maker has since the pandemic faced supply chain issues and higher raw material prices, which have... Continue Reading →
(TN) Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading company in onshore renewable energy in Brazil. The transaction includes selected assets and employees, while Denham Capital will retain certain assets. With this acquisition, Equinor reinforces its position as an energy company in the Brazilian market. "Through Rio Energy, Equinor will... Continue Reading →
(Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy (NFE.O) have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the Lakach... Continue Reading →
Brazil Energy Insight 