Wednesday, November 27, 2024
Rosneft plans to sell depleted oil fields in Russia: analysts- oil and gas 360

Rosneft plans to sell depleted oil fields in Russia: analysts

Reuters MOSCOW – Russia’s largest oil producing company Rosneft plans to sell some old underperforming oil fields, mostly to local companies, at least two Moscow-based brokerages said on Tuesday following a conference call with Rosneft’s management. Sova Capital brokerage said in a note to its clients that Rosneft plans to sell some of its brownfields in southern Russia along with

Petrobras, Equinor stake out opposite renewables strategies in Brazil- oil and gas 360

Petrobras, Equinor stake out opposite renewables strategies in Brazil

Reuters RIO DE JANEIRO  – Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce the carbon footprint of its oil extraction activities. Castello Branco has repeatedly said Petroleo Brasileiro SA, as the company is

Oil majors wipe $80 billion off books as epidemic, energy transition bite- oil and gas 360

Oil majors wipe $80 billion off books as epidemic, energy transition bite

Reuters LONDON  – The world’s top energy companies have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition. Exxon Mobil, the largest U.S. oil company, announced on Monday it would