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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 04/17/2020 and 11/24/2020, informs that it has signed with the company 3R Petroleum Offshore S.A. (3R Offshore) a contract for the sale of the totality of its participation in the Papa-Terra production field, located in the Campos Basin. The amount of the sale... Continue Reading →
(Reuters) - Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said. Benchmark crude oil prices more than doubled in the second quarter of 2021 from a year earlier and have... Continue Reading →
(Reuters) - For the first time, a majority of Brazilians support impeaching President Jair Bolsonaro, according to a poll released on Saturday, as serious graft allegations related to vaccine procurement hit the right-wing leader's already battered image. According to the survey by Datafolha, 54% of Brazilians support a proposed move by the country's lower house... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) is considering permanently closing the gasoline-producing fluidic catalytic cracker (FCC) at its 112,229 barrel-per-day (bpd) Pasadena, Texas refinery as part of a possible reconfiguration of the plant, said sources familiar with the company’s deliberations. Idling the shut 52,000-bpd FCC would be part of converting the refinery on the Houston Ship Channel to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that Mr. José Franco Medeiros de Morais presented a letter of resignation as a full member of the company's Fiscal Council, for personal reasons, effective as of August 5, 2021. Additionally, the company received a letter from the Ministry of Economy indicating Mr. Jeferson Luís Bittencourt to replace Mr.... Continue Reading →
(Reuters) - Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a "decisive shift" towards meeting U.N.-backed climate goals, BP said in its annual energy review. Last year witnessed the biggest fall in carbon emissions in more than 75 years,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser) for the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of the total stakes of both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in the State of Rio Grande do... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Fact of March 04, 2021, informs shareholders that the country’s National Petroleum, Gas and Biofuels Agency (“ANP”) has approved the acquisition of 28.6% in the BM-C-30 Block (“Wahoo” or “Wahoo Field”)... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) plans to reduce its refining and chemicals portfolio by more than half, it said in July 2020 without giving a precise timeframe. The move is part of the Anglo-Dutch company's plan to shrink its oil and gas business and expand its renewables and power division to reduce greenhouse gas emissions sharply... Continue Reading →
Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced an agreement to combine its Renewables business unit(1) with OHT ASA (Oslo Børs: OHT), subject to the customary approvals, conditions and relevant employee consultations. The combined company will be renamed Seaway 7 ASA and will initially retain OHT’s listing on Oslo’s Euronext Growth market, with... Continue Reading →
