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(Reuters) - General Electric Co (GE.N) on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, however, reported much higher-than-expected free cash flow. Its quarterly revenue also topped Wall Street's estimates. GE's shares were down about 1.8% at... Continue Reading →
(epbr) The negotiations had been going on since April. The operation should exceed R$ 3 billion, according to sources. -- In 15 years of existence, Casa dos Ventos was responsible for developing one third of all wind projects in Brazil. -- TotalEnergies is one of the world's largest publicly traded oil and gas producers. In... Continue Reading →
Renewable energy technology company Marine Power Systems has partnered up with floating wind farm developer Simply Blue Group to develop a project proposal for the Innovation and Targeted Oil and Gas (INTOG) leasing round run by Crown Estate Scotland. Innovation and Targeted Oil and Gas Decarbonisation (INTOG) seabed leasing round will allow developers to apply for... Continue Reading →
The installation work on the export cable for Vineyard Wind 1, the first commercial-scale offshore wind farm in the U.S., has now begun with Prysmian’s cable laying vessel (CLV) Cable Enterprise set to start installing the offshore part of the project’s link to the grid on land after a pre-lay grapnel run. According to the AIS data... Continue Reading →
The ANP Special Bidding Commission (CEL) qualified five more companies registered in the OPP to participate in the 1st Cycle, which will be held on 12/16/2022: BP Energy do Brasil Ltda, Ecopetrol Óleo e Gás do Brasil Ltda, Petronas do Brasil Ltda, Qatar Energy do Brasil Ltda and Total Energy EP do Brasil Ltda. Petrobras,... Continue Reading →
(Reuters) - Halliburton Co (HAL.N) posted a rise in profit for the third quarter on Tuesday that beat analysts' forecasts, the latest oilfield services firm to report better-than-expected results amid a surge in drilling activity around the globe. Brent crude averaged $98.96 a barrel during the quarter, up about 33% from a year earlier as sanctions on... Continue Reading →
Petro Rio S.A. (the “Company” or “PRIO”) (B3: PRIO3), following the Material Fact disclosed on September 1st and October 3rd, 2022, informs its shareholders and the market in general that Petro Rio OPCO Exploração Petrolífera S.A (“OpCo”), a subsidiary of the Company, and Dommo Energia S.A. (“Dommo”) approved at their extraordinary Shareholders’ Meetings held on... Continue Reading →
(Reuters) Denmark's Ørsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday. The total of four projects will be developed through the so-called open-door procedure where the developers takes initiative... Continue Reading →
(OED)German oil and gas company Wintershall Dea has agreed to acquire a 37% non-operated participating interest in the Hokchi Block, offshore Mexico, from Hokchi Energy, a subsidiary of Pan American Energy. Wintershall Dea will have an option to increase its stake in the offshore block to 40% at a later stage. Through this acquisition, Wintershall... Continue Reading →
In 3Q22, Petrobras kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes of Atapu and Sepia - which became effective on May... Continue Reading →
Brazil Energy Insight 