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BP, the British oil major with growing renewables ambitions, has partnered up with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore "a selected offshore wind development opportunity in Japan." The companies have agreed to form a strategic partnership for offshore wind and potentially other decarbonization projects, including hydrogen. As part of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 20, 2019, informs that was concluded the process of closing Participações em Complexos Bioenergéticos S.A. (PCBios), a company in which Petrobras held a 50% interest and Mitsui & Co. Ltd. held the other 50%. The dissolution and liquidation of PCBios were approved... Continue Reading →
(PN) One of the great expectations of the Brazilian oil and gas sector this year is the entry into operation of the Route 3 gas pipeline, which will transport gas from the pre-salt layer to the coast. In preparation to finally put the asset into operation, Petrobras informed Petronotícias that the final phase of commissioning... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, comes to clarify the veracity of the news entitled “Brazil’s Eneva, PetroReconcavo and 3R bid for Petrobras onshore fields, say sources”, published on March 22 on Reuters news platform (“news”). Contrary to the statement... Continue Reading →
(Reuters) - U.S. oil producer Exxon Mobil Corp (XOM.N) is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful, it would be Exxon's first oil discovery in Brazil as an operator. Exxon leads the... Continue Reading →
(OM) In its Annual Energy Outlook 2022 (AEO2022) Reference case, the US Energy Information Administration (EIA) projects that US energy consumption will grow through 2050, primarily driven by population and economic growth. In this case, the EIA says that renewable energy will be the fastest-growing energy source through 2050, but that petroleum will have the largest... Continue Reading →
(Reuters) - ING Groep NV (INGA.AS) will no longer finance new oil and gas projects, its energy chief said, becoming the biggest bank yet to commit to such a step in the fight against climate change. The move by the Dutch financial services firm raises pressure on peers to heed a call by the International Energy Agency... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media regarding the sale of the onshore production fields, located in the Recôncavo and Tucano Basin, in the state of Bahia, jointly called Bahia Terra Cluster, clarifies that it received today new binding offers in the scope of this divestment process. The new... Continue Reading →
Following the announcement on November 30 2021, with respect to the signature of the contracts for FPSO Alexandre de Gusmão, SBM Offshore is pleased to announce that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK). MC and NYK have acquired a respective... Continue Reading →
(Reuters) - Brazilian energy companies Eneva SA (ENEV3.SA), PetroReconcavo SA (RECV3.SA) and 3R Petroleum Oleo e Gas SA (RRRP3.SA) are among the firms that submitted a binding offer on Tuesday for a cluster of onshore oilfields owned by state-run Petrobras(PETR4.SA), three sources with knowledge of the matter said. Eneva and PetroReconcavo jointly bid for the fields, known collectively as Polo... Continue Reading →
Brazil Energy Insight 