Brazil's state-owned oil company Petroleo Brasileiro SA (PETR4.SA) has approved the sale of its remaining 10% stake in the NTS gas pipeline network for 1.8 billion reais ($337 million) to Brookfield and Itausa SA, the company said in a statement on Wednesday.
EnergyBrazil s antitrust body CADE postpones deadlines for Petrobras asset sales
ReutersTatiana Bautzer
2 minutes read
The logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes
Brazil s antitrust authority CADE said Wednesday it had postponed deadlines for divestitures by state-controlled oil company Petroleo Brasileiro SA, including its refineries, natural gas pipelines and its stakes in natural gas distribution companies.
Refineries Isaac Sabba, REFAP and Lubnor may be sold by July 31st. The sale of RNEST, SIX and REGAP needs to be concluded by Oct. 30 and REPAR needs to be sold by Dec. 31.
EnergyEurope s oil majors leave pandemic blues behind
Shadia Nasralla
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The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann
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Europe s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic-driven slump in fuel demand behind them.
Last year s demand collapse forced BP (BP.L), Royal Dutch Shell (RDSa.L) and Equinor (EQNR.OL) to slash their dividends and preserve cash as they to try to transform themselves into companies that can thrive in a low-carbon world.
AfricaMozambique s economy facing multiple risks as insurgency grows - S&P Global
Reuters
3 minutes read
Mozambique s economy faces multiple challenges, including a growing insurgency against the government and recurring extreme weather events, ratings agency S&P Global said in research report.
S&P said militant attacks in Mozambique s northeastren province of Cabo Delgado posed a significant threat to production facilities there, touted as among the biggest natural gas discoveries in the world.
Dozens of civilians were killed last month in Islamic State-linked attacks in the coastal town of Palma, near gas projects that are worth $60 billion and are aimed at transforming the country s economy. read more
Privately held OPAL Fuels LLC and a unit of NextEra Energy (NEE.N)are planning the first landfill renewable natural gas (RNG) production facility in Minnesota, the companies said Wednesday, as U.S. consumers and governments demand more clean energy.