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Two oil and gas players – Canada’s CGX Energy and Frontera Energy – have revealed the well results for a discovery in the Corentyne block offshore Guyana, which serve to further highlight the potential for a standalone shallow oil resource development across the block. According to CGX and Frontera, a total of 114 feet (35 meters)... Continue Reading →
(Reuters) - The German government, Siemens AG (SIEGn.DE) and other parties involved in talks to cover billions of euros in project-related guarantees for Siemens Energy (ENR1n.DE), have agreed a deal in principle, three people familiar with the matter said. Siemens Energy makes gas and wind turbines as well as large converter stations, vital energy equipment for the country's... Continue Reading →
Petróleo Brasileiro S.A. –Petrobras, under the terms of CVM Resolution No. 44, of August 23, 2021, and in addition to the material fact disclosed on October 16, 2023, informs that the guidance for its own oil and gas production and its CAPEX have been revised. For total own oil and gas production, the figures went from... Continue Reading →
(OE) Norway-based offshore wind developer Deep Wind Offshore has entered a partnership with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. "The combination of offshore wind and hydrogen has massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewable energy,"... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of dividends and interest on own equity in the amount of R$ 17.5 billion, as anticipation for 2023, declared based on the balance sheet of September 30, 2023. The approved proposal is in line with the improved... Continue Reading →
Main achievements: Solid recurring EBITDA of US$ 13.7 billion Gross debt under control at US$ 61 billion, even after the increase in leases with the start-up of FPSO Anita Garibaldi Consistency in cash generation: Operating Cash Flow of US$ 11.6 billion, the fourth highest ever Return to society with tax and dividends payments of R$... Continue Reading →
(TN) Petrobras' P-71 FPSO reached its maximum production of 150 thousand barrels of oil per day, last Wednesday, in the pre-salt Santos Basin. The FPSO-type unit (floating production, storage and transfer system) is the only production platform installed in Itapu, 200 kilometers off the coast of Rio de Janeiro. This field is operated by Petrobras,... Continue Reading →
(OE) Britain's Crown Estate said Thursday it was taking steps to enable the generation of up to an additional 4GW of green electricity from several offshore wind farm projects in development within the timeframe of the UK government’s offshore wind target of 50GW by 2030. The Crown Estate, which manages the seabed and much of... Continue Reading →
SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its earnings for the third quarter of 2023 (“3Q23”). Except as indicated otherwise, the financial and operating information described as follows is presented on a consolidated basis and expressed in Brazilian Reais (R$), in accordance with Brazilian generally accepted accounting principles (CPC)... Continue Reading →
Brazil Energy Insight 