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2 minute read People walk as a bus passes a Shell gas station in Buenos Aires, Argentina, March 12, 2018. Picture taken March 12, 2018. REUTERS/Marcos Brindicci/File Photo Brazilian energy company Raizen has officially registered for an initial public offering with Brazilian securities regulator CVM, it said in a Thursday filing, after days of hinting that such a move was imminent. Earlier in the week, Raizen, a joint venture between Royal Dutch Shell Plc (RDSa.L) and local energy group Cosan SA (CSAN3.SA), said it planned to formally file for a public offering in the next days. read more The company, the fourth largest in Brazil by revenue, is the largest sugar producer in the world and it operates a major gas station chain in Brazil and Argentina. ....
1/3 Kaisa Hietala, a Finnish energy industry professional and new board member of Exxon Mobil, poses for a photograph in Helsinki, Finland May 31, 2021. REUTERS/Essi Lehto Read More Exxon Mobil s newly elected board member Kaisa Hietala says her work at Finnish refiner and biofuel producer Neste makes her more than just a champion of biofuels, she also has experience transforming a business. Tiny hedge fund Engine No. 1 led a shareholder revolt last week to unseat three directors on Exxon s (XOM.N) board and replace them with nominees in the first big boardroom contest at an oil major that made climate change the central issue. read more ....
U.S. crude stocks fell more than expected last week, while fuel stocks rose in a pre-holiday rebound from drawdowns that occurred during the Colonial Pipeline outage, the Energy Information Administration said on Thursday. ....
Venezuela's political opposition on Tuesday replaced members of the boards overseeing Citgo Petroleum Corp as factions in the movement led by Juan Guaido try to gain greater influence over Houston-based oil refiner. ....
Reuters 1 minute 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/File Photo Brazil s state-run oil company Petroleo Brasileiro SA (PETR4.SA) announced on Wednesday it is offering to buy up to $2.5 billion in global notes maturing between 2025 and 2050. The tender offer is valid through June 8, the company said in a statement and securities filing. The company also said it will issue new global notes maturing in 2051, without ellaborating on details of the issue. ....