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(Reuters) - Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to "blackmail". Putin’s move, via a decree signed on Thursday, leaves Europe facing the prospect of losing more than a third... Continue Reading →
(Reuters) - Brazilian oil company PetroRio SA (PRIO3.SA) is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras (PETR4.SA), two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex. Petrobras, formally Petroleo Brasileiro SA (PETR4.SA), has been in bilateral talks with PetroRio... Continue Reading →
(PetroleoHoje) Foreign companies and independent oil companies already account for 28.4% of oil production per concessionaire, according to data published by the ANP on Wednesday (3/30), referring to the month of February. The difference is 9.2% in relation to the same period last year, in which these companies accounted for 26% of oil production per... Continue Reading →
Following last year’s announcement about an agreement to explore the combination of Keppel Offshore & Marine with Sembcorp Marine, significant progress has been made in the process. However, more time and deliberation are needed to reach the final agreement to which both companies are committed. As a reminder, the idea behind combining Keppel O&M and... Continue Reading →
(Reuters) - Peru's government wants to ramp up oil production in some of its dormant Amazonian fields as global crude prices soar on supply fears linked to Russia's invasion of Ukraine. Among the areas prime for a reboot is Block 192, the Andean country's largest - and leakiest - field. Located deep in the Amazon... Continue Reading →
(Finews) The Swiss Attorney General's Office searched the premises of Geneva-based bank Pictet in mid-March in relation to the Petrobras scandal. About two weeks ago, the offices of Bank Pictet in Geneva were searched by the Office of the Attorney General of Switzerland (OAG), a story in the Swiss daily «Le Temps» (behind paywall) confirmed on Monday.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the Court of Justice of Rio de Janeiro (TJ-RJ) decided, by majority vote, to grant the appeal of the company Paragon Offshore Nederland B.V., former supplier of rigs for oil and gas prospection. The estimated value of the lawsuit is R$ 1.9 billion of which R$ 59 million... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved the execution of the Term of Closing of Pendencies (TCP) between, on the one hand, Petrobras and one of its affiliates (jointly, Petrobras) and, on the other hand, Novonor S.A. (previously called Odebrecht S.A.) and some of its affiliates (jointly, Novonor/Odebrecht), for the... Continue Reading →
(Reuters) - CNOOC Ltd (0883.HK), China's top offshore oil and gas producer, plans to raise about 35 billion yuan ($5.5 billion) next month in what will likely be China's 10th-biggest listing, to fund oil and gas extraction as Beijing prioritises energy security amid rising geopolitical tensions. State-owned CNOOC, which is blacklisted by Washington, said in a... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in compliance with the provisions of article 2 of CVM Instruction 358/02 (and its amendments by CVM Instruction 568/15), informs its shareholders and the market in general the change of its functional currency from Brazilian Reais to U.S. Dollars. The change was approved in a Board Meeting... Continue Reading →
