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(Reuters) - Brazilian state-run oil giant Petrobras (PETR4.SA) is moving closer to making changes to its fuel pricing policy and executives are set meet this week to analyze a new model. Petrobras said in a statement on Sunday it was "internally discussing making changes to its pricing policy for diesel and gasoline, which will be analyzed by... Continue Reading →
(Reuters) - Argentina's government will next week call for bids to reverse the flow of natural gas on a major pipeline designed to transport Vaca Muerta production to the north and center of the country, Economy Minister Sergio Massa said on Friday. Vaca Muerta is a massive shale formation in western Argentina seen as key... Continue Reading →
(Reuters) U.S. private equity firm Apollo Global Management on Monday said it would not proceed with a takeover offer for British oilfield services and engineering firm John Wood Group after tabling an exploratory bid last month. Apollo had until later this week to either submit a formal offer or walk away from talks following its... Continue Reading →
Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter sales and lifted its revenue outlook, as strong demand pushed the firm's order book past the 100 billion euro ($110 billion) mark. Sales in the January-March quarter were up 24% at 8 billion euros, beating the 7.4 billion Refinitiv estimate and... Continue Reading →
French oil major TotalEnergies said Monday it had, with its partners, signed Production Sharing Contracts (PSC) on Blocks 6 & 8 with Staatsolie Maatschappij Suriname (Staatsolie), the State-owned oil company of Suriname. Blocks 6 and 8 were awarded to TotalEnergies in the Suriname Shallow Offshore Bid Round 2020/2021. TotalEnergies will operate the two blocks with... Continue Reading →
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships. Shell has contracted Noble Voyager to drill a deepwater exploration well offshore Mauritania. The drillship is currently operating for the energy giant offshore Mexico. The new contract has an estimated... Continue Reading →
The Board of Directors of the Italian energy giant Eni has appointed Claudio Descalzi as Chief Executive Officer (CEO) for his fourth term and has named the members of the board committees. In this role, Descalzi is responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board... Continue Reading →
(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →
Wilson Sons, a leading Brazilian port and maritime logistics company based in Brazil, posted net revenue of R$ 570 million in the first quarter of 2023 (1Q23), 7.8% higher than the same period in 2022 (R$529 million). EBITDA (earnings before interest, taxes, depreciation and amortization) totalled R$239.5 million, in line with the first quarter of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, and 05/05/2023, informs that it has obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production from four more facilities in the Bahia Terra Cluster (Água de Taquipe Treatment and Injection Station, Fazenda... Continue Reading →
Brazil Energy Insight 