Brazilian state-run oil company Petrobras said on June 6 it has begun talks with chemical maker Unigel to explore joint businesses in fertilizers, green hydrogen and low carbon projects.
Petroleo Brasileiro SA, as the company is formally known, said in a securities filing it had signed a two-year non disclosure agreement with Unigel, and technical analysis would now be conducted on the potential projects.
2023-07-28 - Exxon Mobil and Chevron Corp. each reported declines in second-quarter profits as the U.S. supermajors even as they continue to pump the Permian Basin.
2023-08-09 - Coterra Energy has started to see relief in well costs on big-ticket items like steel, sand and frac crews, the E&P reported in second-quarter earnings.
2023-08-04 - U.K.-based energy giant BP Plc looks to deliver on two important fronts by 2025 as it brings online more hydrocarbon production and boosts LNG supply.
2023-09-18 - Rig counts are falling—a reflection of higher interest rates and labor costs that now affect drilling costs, moving break-even prices even higher out in the price curve.
2023-08-18 - A pro-renewable group says oil needs to stay above $80 a barrel for supermajors to thrive, though analysts say the companies are in a good position to continue throwing off free cash flow at lower prices.