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(Reuters) - Australian mining billionaire Andrew Forrest is planning what could be up to an $8.4 billion "green hydrogen" investment in Argentina, the South American country's government said on Monday after a meeting between the businessman and President Alberto Fernandez. Forrest, whose Fortescue Metals Group Ltd (FMG.AX) aims to become carbon-neutral by 2030, is a major backer... Continue Reading →
(Reuters) - Nearly 90 countries have joined a U.S.- and EU-led effort to slash emissions of the potent greenhouse gas methane 30% by 2030 from 2020 levels, a pact aimed at tackling one of the main causes of climate change, a senior Biden administration official said. The partnership will be formally launched later on Tuesday.... Continue Reading →
BP added more than a billion dollars to its share buyback program on Tuesday as it likened itself to a "cash machine" benefiting from higher oil and gas prices and a strong trading performance in the third quarter. Natural gas and power prices around the world surged this autumn as tight gas supplies collided with... Continue Reading →
Petróleo Brasileiro SA – Petrobras, in relation to the pieces of news published in the media regarding expectations of new adjustments in fuel prices, clarifies that adjustments in product prices are made in the normal course of its business and follow its current commercial policies. Petrobras reiterates its commitment to the practice of competitive prices... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro said on Monday that dealing with high fuel prices in the country is his top priority right now, adding that he sees the privatization of state-run oil company Petrobras (PETR4.SA) as an "ideal" move. Bolsonaro told reporters during a visit to Anguillara Veneta, in Italy, that he was "unofficially" told that... Continue Reading →
Sapote-1, ExxonMobil's third well in the Canje Block offshore Guyana, has, after the first two wells, Bulletwood-1 and Jabillo-1, failed to unearth evidence of commercial hydrocarbon volumes, too. Westmount Energy, an indirect partner in the Canje Block through its stake in JHI Associates, the Sapote-1 well on the Canje Block was drilled in 2,549 meters of water by... Continue Reading →
(OE) Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER. The market surge is being driven by crude... Continue Reading →
(Bloomberg) --The world’s biggest energy companies are producing the most cash in years, but don’t expect them to spend it on bringing on fresh supplies of oil and natural gas to combat shortages in Europe and China this winter. Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the... Continue Reading →
(Reuters) - Executives at Brazil's Petrobras (PETR4.SA) on Friday effectively brushed aside suggestions that the company was too profitable and should lower its fuel prices, telling analysts that it had no plans subsidize consumers at the pump. Claudio Mastella, the company's logistics chief, said on a call to discuss Petrobras' third-quarter financial results that the firm continues... Continue Reading →
(Reuters) - Guyana plans to meet an unprecedented growth expected in its power demand by building a new gas-fueled plant and expanding its hydropower capacity, a key step to leave behind fossil fuels for generating electricity, President Irfaan Ali said this week. Latin America's newest oil producer on Thursday launched a low-carbon strategy ahead of... Continue Reading →
