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(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) on Tuesday announced it would increase refinery gate gasoline prices, as its board of directors prepares to vote on President Luiz Inacio Lula da Silva's pick for the chief executive role. In a statement on its website, Petroleo Brasileiro SA said it would hike gasoline prices by an average... Continue Reading →
TotalEnergies' offshore oilfield Dalia in Angola will undergo planned maintenance for about 35 days starting Feb. 20, a company spokesperson said on Tuesday. The company added that the maintenance will include inspections of equipment, subsea lines and works relating to flare tips. The field produces more than 200,000 barrels per day. Traders said there may... Continue Reading →
(Reuters) U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field. The company forecast 2022 E&P capital and exploratory expenditures of about $2.7 billion. The... Continue Reading →
(Reuters) - U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers became more choosy about asset purchases. The decline comes as large companies with strong balance sheets are targeting... Continue Reading →
(epbr) The Federation of Petroleum Workers (FUP) is pressing for the immediate suspension of the sale of Petrobras assets and asked the Ministers of the Civil House, Rui Costa (PT), and Mines and Energy, Alexandre Silveira (PSD), to negotiate with the current administration to stop the ongoing negotiations. They also ask that any preparatory acts... Continue Reading →
Rovco, a UK provider of subsea robotics and integrated survey, has signed an initial three-year charter party agreement with Glomar Offshore for the multi-purpose support vessel Glomar Supporter, as part of its growth strategy within its site characterization business unit. Rovco has pointed out that the charter agreement with Glomar Offshore marks a significant step... Continue Reading →
(Reuters) Halliburton Co surpassed Wall Street profit estimates for the fourth quarter on Tuesday, wrapping up a mixed start of earnings season for the world's top oilfield services providers as elevated oil prices boosted drilling activity. Brent crude averaged $88.62 a barrel during the fourth quarter, up about 11% from a year earlier, as sanctions... Continue Reading →
(Reuters) Trinidad and Tobago will consider direct negotiations with energy companies for oil and gas exploration, possibly moving away from a competitive bidding round system, Prime Minister Keith Rowley said on Monday. The talks follow difficulties attracting new companies to its recent shallow and deepwater bidding rounds, which have led the government to renegotiate terms... Continue Reading →
(Reuters) Guyana is in talks with Qatar, Britain, the United Arab Emirates, and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali said on Monday. South America's newest crude producer has emerged as the world's fast-growing oil region with... Continue Reading →
(Reuters) The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday. Since 2016 renewable energy has taken 7% of a total $2.5 trillion in bank loans and bond... Continue Reading →
Brazil Energy Insight 