Wednesday, March 12, 2025
Brazil's Petrobras swaps CEOs amid political blowback on fuel prices- oil and gas 360

Brazil’s Petrobras swaps CEOs amid political blowback on fuel prices

Nasdaq SAO PAULO, June 20 – The chief executive of Brazil’sstate-run oil company Petrobras PETR4.SAresigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that Chief Executive

Europe may shift back to coal as Russia turns down gas flows- oil and gas 360

Europe may shift back to coal as Russia turns down gas flows

US News FRANKFURT/MILAN – Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled. Germany, Italy, Austria and the Netherlands have all signalled that coal-fired power plants could help see the continent

Rosneft continues Vostok Arctic oil project after partner quits- oil and gas360

Rosneft continues Vostok Arctic oil project after partner quits

World Oil (Bloomberg) — Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s exiting the development over the invasion of Ukraine. “The project continues to live and develop as planned, we are overcoming inevitable difficulties,” Sechin told a panel

Oil prices fall as recession fears trump tight supply- and gas 360

Oil prices fall as recession fears trump tight supply

Investing Oil prices fell as much as 3% on Wednesday after the Federal Reserve imposed in its biggest U.S. rate since the 1990s, adding to fears that the central bank will push the world’s largest economy into a recession in its bid to fight inflation ramping at 40-year highs. President Joe Biden added to oil market jitters by calling on

Energy Workforce & Technology Council comments on SEC proposed rules on climate disclosures- oil and gas 360

Energy Workforce & Technology Council comments on SEC proposed rules on climate disclosures

World Oil HOUSTON — Energy Workforce & Technology Council submitted comments to the Securities and Exchange Commission (SEC) regarding the proposed rules, “The Enhancement and Standardization of Climate-Related Disclosures for Investors” File Number S7-10-22, that require expanded greenhouse gas reporting from publicly and some privately traded companies. “Energy Workforce member companies include small sole proprietorships to large, multi-national publicly traded companies,” said