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(Reuters) - Asia's largest oil and gas producer PetroChina Co Ltd reported a 60% year-on-year rise in nine-month net profit to record highs, lifted by stronger global energy prices, even as weaker domestic fuel consumption continued to drag on earnings. Net profit for the January to September period reached 120.3 billion yuan ($16.66 billion), the... Continue Reading →
(Reuters) TotalEnergies posted a sharp jump in its third-quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited from higher oil and gas prices, although it also booked a new Russia-related impairment. TotalEnergies' third-quarter adjusted net income stood at $9.86 billion. That compared with $4.77... Continue Reading →
(Reuters) Shell Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter's record high due to weaker refining and gas trading, as it announced plans to sharply boost its dividend by year end when its CEO departs. Shell also extended its share repurchasing program, announcing plans to buy $4 billion of stock... Continue Reading →
(OM) Petrobras has issued an update on the latest FPSOs added to its fields offshore Brazil. On June 21, the P-68, which operates in the Berbigão and Sururu fields in the Santos Basin, reached full production capacity and earlier this month achieved a production record of 161,000 bbl/d. This was above the floater’s nominal capacity and followed... Continue Reading →
Dutch offshore contractor and shipowner Boskalis will be delisted in Amsterdam next month following a takeover deal. The group’s biggest shareholder, Monaco investment fund HAL Holding, has sealed a $2.3bn purchase, reaching 98.3% ownership. The last day of trading on Euronext Amsterdam will be 8 November, bringing an end to a public listing of more... Continue Reading →
(Reuters) - Spanish utility Iberdrola (IBE.MC) posted a 29% rise in nine-month net profit on Wednesday as growth in the United States and Brazil helped offset a fall in Spain that the company's chairman partly blamed on government overregulation. Energy prices in Europe have soared since Russia invaded Ukraine in February, which has hit markets that were... Continue Reading →
(OE) German renewable energy giant RWE said Wednedsay it had filed bids for all five offshore wind seabed permits in the Polish Baltic Sea, offered by the Polish government. Sven Utermöhlen, CEO Offshore Wind, RWE Renewables: “RWE is clearly committed to contributing to the Polish energy transition by delivering the government’s offshore wind build-out programme.... Continue Reading →
(epbr) Recently privatized, Eletrobras plans hybrid plants with floating solar generation in reservoirs “The fuel of the next decade will most likely be hydrogen. And the hydrogen that will be most valued in the world is the green one”, declared Wilson Ferreira Júnior, president of Eletrobras. During an event on green freight this morning, the... Continue Reading →
(Reuters) - U.S. oil and gas producer Hess Corp (HES.N) reported a quarterly profit which topped Wall Street's estimates on Wednesday, on the back of higher crude prices amid tighter energy supplies following Russia's invasion of Ukraine. Oil prices have pulled back but were still trading at eight-year highs amid Western sanctions against major exporter Russia and... Continue Reading →
(Reuters) Oil and gas producer Wintershall Dea said on Tuesday that its most closely watched measure of earnings more than doubled in the third quarter of 2022 and that it would seek to strengthen business in locations outside Russia. Wintershall Dea was looking into whether the international business it is pursuing could be legally separated... Continue Reading →
Brazil Energy Insight 