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(Reuters) - Oil prices hit two-month highs on Wednesday on tight supply as crude inventories in the United States, the world's top consumer, fell to their lowest since 2018, and as the dollar weakened and worries eased about the Omicron coronavirus variant. U.S. crude inventories fell 4.6 million barrels last week to 413.3 million barrels,... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) announced on Wednesday it imported a record 23 million cubic meters per day of liquefied natural gas (LNG) in 2021, a volume around 200% higher than the one recorded in the previous year. The record occurred during a year of strong thermoelectric demand in Brazil, due to the worst... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for December 2021 in the assets that the Company holds participation. (1) Refers to 3R's stake in the Macau Cluster concessions, after discounting the 50%... Continue Reading →
(OE) The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government's largest-ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden's ambitious climate change agenda, comes... Continue Reading →
(PetroleoHoje) Petrobras will acquire up to 291.9 km of special flexible lines for the Buzios, Tupi, Sapinhoa, Atapu, Berbigao and Sururu fields, located in the Santos cluster. The oil company has launched a tender for the supply of the material, which will have to be non-susceptible to the phenomenon of SCC-CO2. The bidding will mark... Continue Reading →
(PetroleoHoje) Petrobras found evidence of gas in the Três Marias block, in the pre-salt layer of the Santos Basin. The discovery, carried out on the 10th, was made in a water depth of 2,223 mts. The wildcat well was drilled in October by Diamond's Ocean Courage rig. The Três Marias area was acquired in the... Continue Reading →
(Reuters) - Oil prices that rallied 50% in 2021 will power further ahead this year, analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude above $100 a barrel. Though the Omicron coronavirus variant has pushed COVID-19 cases far above peaks hit last year, analysts say oil prices... Continue Reading →
(Reuters) - Oil rose to more than $83 a barrel on Tuesday, supported by tight supply and expectations that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. A lack of capacity in some countries has meant that supply additions by the Organization of the Petroleum Exporting... Continue Reading →
Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4 per cent to $628 billion this year from... Continue Reading →
(epbr) The entry of multiple hydrogen production routes, with the participation of fossils and renewables, can contribute to the expansion of the use of natural gas in the Brazilian energy transition strategy. The Energy Research Company (EPE) should publish technical notes in the coming days on the prospects for producing three colors of hydrogen in... Continue Reading →
