Petrobras reports 48.6% profit increase and declares $2.1bn in dividends
The company's capex during the quarter totalled $4.1bn (23.25bn reais), up from $3bn a year earlier.
13 May 2025
13 May 2025
The company's capex during the quarter totalled $4.1bn (23.25bn reais), up from $3bn a year earlier.
This move comes after the reserve's stocks were significantly depleted in 2022, with sales reaching an historic high due to geopolitical tensions.
The APA 2025 round has been expanded to include 76 blocks in the Barents Sea and the Norwegian Sea.
The contract's formal award is pending a standard process, during which Petrobras is not obligated to finalise the agreement.
The country may sign a deal to import 3–5mtpa of LNG from Alaska.
As the world strives to lower carbon emissions and move away from hydrocarbons, does reusing pipelines offer a cost-effective opportunity for the energy transition or an engineering headache?
The bill updates provisions from the 1948 Act to stimulate domestic production, attract investment and assist India's energy transition objectives.
The Hoegh Gandria, currently in use as an LNG carrier, will be repurposed into an FSRU to meet Egypt’s surging energy needs.
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