Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Brazil antitrust watchdog CADE extended the deadline for Petrobras (PETR4.SA) to sell its refineries as part of obligations assumed by the company in an agreement to stimulate competition in the local oil refining market, the agency said on Wednesday. The new schedule for the sales was not disclosed by CADE in order not to prejudice... Continue Reading →
(FT) The crisis in global energy markets will force some smaller commodity traders out of business and unleash a wave of consolidation in the sector, a senior executive at one of the world’s largest trading houses has warned. Christophe Salmon, Trafigura’s chief financial officer, said a surge in the capital needed to keep commodities flowing... Continue Reading →
Brazil will increase its oil production by 300,000 barrels a day by the end of the year to help stabilize global energy markets. The information was revealed today by the Minister of Mines and Energy, Bento Albuquerque, during the opening ceremony of the Ministerial Meeting of the International Energy Agency (IEA), in Paris. The additional... Continue Reading →
(Reuters) - Saipem (SPMI.MI) core investors Eni (ENI.MI) and CDP together with a pool of banks are ready to advance 1.5 billion euros of an overall 2 billion euro capital increase to rescue the troubled Italian energy service group, two sources said. The two investors, tied by a shareholder pact, will stump up in advance most of their share... Continue Reading →
(OilPrice) It’s an open secret within energy circles that the eventual death of oil and thermal coal won’t come from environmentalists or even directly from renewable energy, but rather when big banks decide to stop financing it, rendering it ‘unbankable’. And the U.S. oil and gas sector came dangerously close to meeting that fate after Wall... Continue Reading →
(Reuters) A Brazilian Senate committee on Tuesday approved an invitation to Petrobras Chief Executive Joaquim Silva e Luna to explain the state-run oil company's dividend policy, amid surging oil prices. The infrastructure committee also approved another request for a public hearing with oil industry experts. "We have seen successive increases in fuel prices in the... Continue Reading →
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 →
