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(Reuters) - Oil prices reached their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021. Brent crude rose 78 cents, or 1.1%, at $73.64 a barrel by 1311 GMT, the highest since late April 2019. U.S. oil gained 88 cents, or 1.2%, to... Continue Reading →
Equinor (EQNR.OL) will speed up investments in renewable energy and low carbon solutions as new oil and gas comes onstream ahead of peak production in 2026, the company said on Tuesday as the pressure mounts to prove it can adapt to a greener future. The majority state-owned Norwegian company said it would dedicate more than 50% of... Continue Reading →
(REUTERS) The share of fossil fuels in the world's total energy mix is as high as a decade ago, despite the falling cost of renewables and pressure on governments to act on climate change, a report by green energy policy network REN21 showed on Tuesday. Fossil fuel use has persisted amid rising global energy demand,... Continue Reading →
(H2Tech) Neoenergia and the Pernambuco State Government signed an MOU to build cooperation for the development of a pilot project for green hydrogen production at the Suape Port - Complexo Industrial Portuário Governador Eraldo Gueiros. The initiative expects to find opportunities to enable demand for the product and prepare Suape Port to become a HUB for... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/05/2020, informs that it has today finalized the sale of its 50% interest in the Dó-Ré-Mi onshore field, located in the Sergipe-Alagoas Basin, in the state of Sergipe, to the company Centro-Oeste Óleo e Gás Ltda. After fulfilling the previous conditions, the operation... Continue Reading →
C-Innovation, LLC (C-I), an Edison Chouest Offshore affiliate, said on Monday that it has completed its first remote survey scope in Guyana. Remote survey operations are based in C-I’s headquarters in Mandeville, Louisiana, U.S., and conducted by C-Survey (C-S), an internal division of C-I. "This type of survey services enables C-S to be fully operational... Continue Reading →
(PetroleoHoje) Six months after the binding date, Petrobras and 3R Petroleum should close, by the end of June, the divestment operation of the Papa-Terra field, located in deep waters in the Campos Basin. The terms of the asset purchase and sale contracts have already been negotiated, depending only on the seller's internal arrangements to conclude.
(Reuters) Spanish oil and gas firm Repsol (REP.MC) has hired banks to present a new transition financing framework to investors that will allow the company to issue sustainability-linked bonds, according to a lead manager on Monday. HSBC and Natixis have been appointed to help the Spanish firm present the new framework to investors from June 21-23, the... Continue Reading →
(Reuters) Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) said on Friday that it will start a staggered return from home office to on-site work for its white-collar workers between July and August. Petrobras, as the company is known as, told Reuters the process will continue in October with up to 20% of office occupancy and will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and such offers, the... Continue Reading →
