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– Petróleo Brasileiro S.A. – Petrobras informs that it received, at 20h44min of 06.15.2022, the nomination of candidates to the Board of Directors (BD) by minority common shareholders, if the multiple vote system is adopted, for election to the Board of Directors, for the Extraordinary General Meeting to be convened by the Company, with no... Continue Reading →
(Reuters) - Shareholders of Colombia's majority state-owned oil company Ecopetrol on Friday approved a plan to shore up the country's fuel-price stabilization fund (FEPC), as well as an extraordinary dividend for minority shareholders, a spokesperson said. Colombia's government, which owns 88.5% of the oil company, and Ecopetrol will cover the FEPC deficit with 14.1 trillion... Continue Reading →
(Reuters) - Petrobras' (PETR4.SA) board of directors held discussions Friday over freezing fuel prices for 45 days, according to three sources with knowledge of the matter. The proposal, presented by board member Francisco Petros, comes just hours after Petrobras announced it was raising fuel prices, sparking outrage among Brazil's top politicians. read more One of the conditions of... Continue Reading →
(Reuters) - A 650,000-barrel-cargo of Venezuela's oil chartered by Italy's Eni (ENI.MI) is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Refinitiv Eikon data showed on Friday. The U.S. State Department sent letters to Eni and Spain's Repsol (REP.MC) in May authorizing them to resume taking Venezuelan crude... Continue Reading →
Bloomberg) -- A bitter dispute between Jair Bolsonaro and Petrobras intensified as the state-controlled oil giant shrugged off the president’s warnings and increased fuel prices, adding to the Brazilian leader’s difficulties as he struggles to contain inflation in an election year. Petrobras shares plunged as much as 9% on Friday, extending losses after Brazil’s Lower... Continue Reading →
Danish offshore drilling contractor Maersk Drilling has revealed that one of its drillships has been named floater rig of the year by Shell, a UK-headquartered energy giant, thanks to a drilling campaign in Brunei. In a statement on Friday, Maersk Drilling announced that Shell has named Maersk Viking its 2021 Global Rig of the Year in the Floater... Continue Reading →
(Reuters) - Brazilian energy company Eneva SA (ENEV3.SA) will price on June 24 a follow-on share offering through which it expects to raise up to 4.09 billion reais ($799.22 million) to fund the acquisitions of Celsepar and Cebarra, it said on Thursday. Eneva will issue 300 million new shares, and the total estimated amount it expects to... Continue Reading →
Offshore wind developer Ocean Winds is joining Opportunity Cromarty Firth and supporting the body’s green freeport bid. If the region is successful in its attempt, it would help to attract “new and increased manufacturing” that would ease the delivery of Scotland’s next generation of wind farms. Ocean Winds, a 50-50 joint venture launched in 2020... Continue Reading →
With 15 GW in offshore wind projects in Brazil under licensing, Ocean Winds — a joint venture between Engie and EDP Renováveis for offshore wind power generation — believes that investments in the implementation of the first projects in the country will be higher than in the rest of the world. “At first it will... Continue Reading →
(Reuters) - Argentina's central bank raised its benchmark interest rate by the most in three years on Thursday, hot on the heels of a major hike by the U.S. Federal Reserve and as the South American country firefights sky-high inflation running at over 60%. The central bank upped the benchmark Leliq rate by 300 basis... Continue Reading →
Brazil Energy Insight 