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(Reuters) - Brazilian central bank chief Roberto Campos Neto on Thursday said Brazil hiked interest rates earlier and faster than the rest of the world, and that people understand the monetary tightening is "largely done." Since raising rates earlier this month to 13.75% from a 2% record low in March last year, policymakers have been... Continue Reading →
(OM) The US Department of the Interior reported next steps to bring the opportunity of offshore wind energy to the Gulf of Maine. The Bureau of Ocean Energy Management (BOEM) has made available a Request for Interest (RFI) and Request for Competitive Interest (RFCI) in the Federal Register for public comment. "The IRA [Inflation Reduction Act] will create good-paying jobs... Continue Reading →
(OM) bp is winding down its oil and gas exploration business in Mexico, according to a Bloomberg report. The move comes six years after its arrival following the opening of the energy sector to private companies as part of the 2013 energy reform. The subsidiary BP Exploration Mexico will conclude its participation in three exploration... Continue Reading →
In a move to bring new investments into the oil and gas sector and boost production by tapping into Nigeria’s deepwater hydrocarbon potential, the country inked new production sharing contracts (PSCs) for six offshore licences with oil majors. The execution of fully termed agreements for the renegotiated PSCs was revealed on 12 August 2022, less... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras hereby informs that the Executive Board approved on August 18, 2022, the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), which will be subject to public distribution, with restricted distribution efforts, under mixed regime of firm guarantee and... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on June 1, 2022, informs that, after compliance with all the precedent conditions set forth in the share purchase and sale agreement, the purchase of Edison S.p.A.'s stake (50%) in Ibiritermo S.A. has been completed and the transfer of the Usina Termelétrica Ibirité (UTE... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted an operating license renewal to Equinor, authorizing the Norwegian oil company to carry out short-term drilling and testing activities in the Bacalhau field, in the Santos Basin. The license will be valid for four years. According to the document, the company will be able to drill up... Continue Reading →
(Reuters) - The valuation of refineries being sold by Brazilian state-run oil company Petrobras (PETR4.SA) might face additional pressure as the country's oil regulator mulls banning the use of S500 diesel, sources familiar with the matter said. Brazil is expected to replace S500 with low-sulfur S10 diesel in the coming years, requiring large investments in some refineries... Continue Reading →
- Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award by Corio and TotalEnergies of a FEED contract for a floating wind development in South Korea. The Gray Whale 3 project is a 504MW development located around 60 to 70 kilometres offshore from Ulsan. The basic design contract will be executed in... Continue Reading →
(TN) Enauta, one of the main independent oil and gas exploration and production companies in Brazil, reinforces its operations team, especially for its project to expand production in the Atlanta field (Santos Basin). The company has hired Executive Manager Ricardo Abi Ramia, who will take care of the wells, subsea and subsea facilities. With more... Continue Reading →
Brazil Energy Insight 