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(Reuters) - Brazil state-run oil firm Petrobras (PETR4.SA) will use the 175,000 carbon credits it purchased last month to render carbon neutral around a year's worth supply of its premium gasoline, Gasolina Podium, a company executive said on Wednesday. Petrobras made its first ever carbon credit purchase in September, as part of broader push to become more sustainable.... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) on Thursday raised its 2023 outlook for the third time this year and hiked dividends after increased renewable output and margins drove net profit for the first nine months 17% higher. A European leader in green energy, Iberdrola has funded investment in renewable capacity and network assets by selling minority... Continue Reading →
(Reuters) - Italian energy services group Saipem (SPMI.MI) has made significant progress in its turnaround and is close to completing the problematic projects that forced it to raise capital last year, its CEO said on Thursday. Commenting on third quarter results, Alessandro Puliti said the group was back on a growth path thanks to record orders and... Continue Reading →
Petróleo Brasileiro S.A. – Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that a mission of Petrobras executives was carried out in Bolivia with representatives of YPFB (Yacimientos Petrolíferos Fiscales Bolivianos). On that occasion, Petrobras executives heard about the opportunities presented by YPFB representatives, none of which were... Continue Reading →
(Reuters) U.S. oilfield technology firm Baker Hughes beat third-quarter profit estimates on Wednesday, driven by strong demand for its services and equipment in international markets. Energy firms booked record profits last year following a spike in commodity prices and have looked to invest these to boost production and find new deposits. The move benefited companies... Continue Reading →
(OM) Copenhagen Infrastructure Partners (CIP), through its development platform Vineyard Offshore, was awarded 1.3 GW in the latest solicitation for offshore wind power held by the New York State Energy Research and Development Agency. The award allows Vineyard Offshore to commercialize clean and reliable energy through its Excelsior Wind Project located in lease area OCS-A... Continue Reading →
(Reuters) TotalEnergies on Thursday posted a 35% fall in its third-quarter adjusted net income compared to a year ago, hurt by a drop in energy prices from highs hit following Russia's invasion of Ukraine. The French energy company's Q3 adjusted net income stood at $6.5 billion. That compared to a record adjusted net income of $10 billion... Continue Reading →
(Reuters) Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility. The company reported an adjusted net profit of 1.1 billion euros ($1.16 billion). That was below the... Continue Reading →
(OE) Boards of directors of the Norwegian seismic data companies PGS and TGS have unanimously approved and decided upon a definitive merger agreement of the two firms, in line with the terms announced in September.The merger is to be structured as a statutory, triangular merger between TGS Newco AS, a newly established wholly owned subsidiary of... Continue Reading →
(OM) Huisman has released a new range of knuckle boom cranes for offshore subsea construction. Models range from 85 metric tons up to 350 mt and cover set-ups with a winch below deck and on the back of the crane. All are suited to installations in up to 3,000 m water depth, with deeper water... Continue Reading →
Brazil Energy Insight 