Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of dividends in the amount of R$ 6.732003 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
Brazil’s Petrobras lowers gasoline prices at refineries
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday it will cut gasoline prices at its refineries to 3.71 reais ($0.7110) per liter from 3.86 reais starting Friday, a 4% cut that will take prices to their lowest level since March. The move is the second gasoline price cut by the oil giant this month... Continue Reading →
U.S. climate bill promotes clean energy but ‘does not arbitrarily shut off’ oil and gas
U.S. Senator Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday announced a decision to add climate provisions to a budget reconciliation legislation that is expected to provide $369 billion in energy and climate investments. The package is said to promote zero and low carbon energy and support domestic production of offshore oil and... Continue Reading →
Mexico’s Pemex sees quarterly profit jump ninefold to $6.5 bln
(Reuters) - Mexican national oil company Pemex reported on Thursday itssecond-quarter net profit jumped more than nine-fold to $6.53 billion due in part to higher sales plus tax benefits. Revenue for the company, formally known as Petroleos Mexicanos,soared nearly 89% to 655.2 billion pesos. Meanwhile, debt during the three-month period ending in June held steady... Continue Reading →
AET Unveils Shuttle Tanker for Long-term Charter to Petrobras
Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. – Petrobras, based on the agreement signed in February 2020. The Eagle Crato was unveiled at a naming ceremony held at the Samsung Heavy Industries... Continue Reading →
Keppel Posts 66% Jump in First-half Profit
Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound at its offshore & marine (O&M) unit. Keppel, which traces its roots to a small ship repair yard corporatized in 1968, has seen its renewable energy and asset management... Continue Reading →
Petrobras on Conduct Adjustment Agreement with ANP
Petróleo Brasileiro S.A. – Petrobras, informs that it approved today the execution, with the National Agency of Petroleum, Natural Gas and Biofuels (ANP), of a Conduct Adjustment Agreement (TAC) for compensation of local content fines related to 22 concessions in which Petrobras has 100% working interest, located in the Barreirinhas, Campos, Espírito Santo, Parecis, Potiguar,... Continue Reading →
Ivory Coast well delivers ‘excellent results’ for Eni
(OEM) Italian oil and gas company Eni has drilled and tested an exploration well in waters offshore Ivory Coast (Côte d’Ivoire), delivering a 25 per cent increase to the field’s reserves. Eni revealed on Thursday it has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and the second discovery on... Continue Reading →
Financing and Bankability of Offshore Wind Vessels
(OE) In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels. We have seen a diverse group of financiers interested in financing vessels in the offshore wind... Continue Reading →
New York Announces Third Offshore Wind Solicitation
(Reuters) New York is seeking renewable energy to power at least 1.5 million New York homes in its third offshore wind solicitation, Governor Kathy Hochul said on Wednesday, as the state ramps up development of the industry. Administered by the New York State Energy Research and Development Authority, the first phase includes $500 million investment... Continue Reading →
Brazil Energy Insight 