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(Reuters) - The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has sent the premium commanded by barrels for prompt delivery soaring, suggesting the current price rally has further to run. Under this "backwardated" market structure, the current price is higher than that... Continue Reading →
(Reuters) - Mexico's economy contracted for a second straight quarter in the last three-month period of 2021, according to official data published on Monday, putting Latin America's second-largest economy in a technical recession. Gross domestic product (GDP) shrank in the fourth quarter by 0.1% from the previous three-month period in seasonally adjusted terms, preliminary data... Continue Reading →
(epbr) Projects for wind power generation in Brazilian waters add up to 80 gigawatts (GW) of power, according to January 27 data from Ibama. The growth is significant compared to last year – in July, the projects totaled 42 GW. The amouint is almost four times the current installed capacity of onshore projects in Brazil,... Continue Reading →
(WO) The Uganda National Oil Company plans to sign a final investment decision on Feb. 1 for a large oil field and pipeline project, taking a definitive step toward becoming a crude exporter. TotalEnergies SE and Cnooc Ltd., along with the East African country’s state oil company, are developing projects expected to reach an output... Continue Reading →
(Reuters) - Italian energy services group Saipem is talking to investors about a possible funding package, the group said on Monday after warning it will take a heavy loss for 2021, triggering a halt in its shares to prevent a stinging sell-off. Saipem has struggled to regain traction after global lockdowns caused by COVID-19 throttled... Continue Reading →
(Reuters) - Ecuador's privately held heavy crude pipeline burst on Friday and technical staff are at the scene working to contain the damage, crude transport company OCP Ecuador said. The incident happened in the so-called Piedra Fina zone, an area in Ecuador's Amazon where regressive erosion caused the OCP pipeline and the state-owned SOTE pipeline... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), communicates to its shareholders, investors and the market in general that Petróleo Brasileiro S.A. (“Petrobras”) sent a notification to the Company informing that its Board of Directors approved, on today's date, the sale to 3R Potiguar S.A. (“3R Potiguar” ), a subsidiary of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 12/07/2020 and 02/01/2021, informs that it has unsuccessfully concluded negotiations with Eneva S.A. for the sale of all of its interest in a set of seven onshore production concessions, called the Urucu Cluster, located in the Solimões Basin, in the state of Amazonas.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 9.88 billion barrels of oil equivalent (boe), as of December 31, 2021. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2021,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 12/23/2020, 08/27/2021 e 01/19/2022, informs that the Company's Board of Directors, at a meeting held today, approved the sale of its total stake (100%) in a set of 22 concessions of onshore and shallow water production fields, together with its infrastructure for processing,... Continue Reading →
