investment - EnergiesNet

Pemex Gets Approval to Up Investment in Deepwater Field Lakach by $400 Million

EnergiesNet — Fri, 23 Aug 2024 08:38:48 +0000

Reporting by Ana Isabel Martinez and Stefanie Eschenbacher, Reuters MEXICO CITY EnergiesNet.com 08 23 2024 Mexico’s hydrocarbon regulator approved on Thursday a request by state energy company Pemex to expand a natural gas project in the Gulf of Mexico, which requires extra investments of just over $400 million. The Lakach field has been hailed as …

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Petronas seeks fiscal incentives to develop Suriname gas project – Reuters

EnergiesNet — Fri, 26 Jan 2024 06:58:15 +0000

Curtis Williams, Reuters PORT SPAIN EnergiesNet.com 01 26 2024 Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia’s Petronas (PETRA.UL) in the South American country. Baseri did not specify the incentives his company is looking for, but lower royalties and taxes, or commercial incentives …

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Venezuela to receive 27% more income from PDVSA after sanctions easing-document – Reuters

EnergiesNet — Thu, 14 Dec 2023 08:41:22 +0000

Mayela Armas, Reuters CARACAS EnergiesNet.com 13 12 2023 Venezuela’s government foresees a 27% increase in its income from state-run oil company PDVSA next year, according to a document seen by Reuters, after a relaxation in U.S. sanctions and amid planned presidential elections and stagnant production. The administration of President Nicolas Maduro estimates that its total …

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Petrobras to invest $102 billion in next five years – Reuters

EnergiesNet — Fri, 24 Nov 2023 09:07:24 +0000

Reporting by Fabio Teixeira and Peter Frontini, Reuters RIO EnergiesNet.com 11 24 2023 Brazil’s Petrobras will invest around $102 billion within the 2024-2028 period, the firm’s new strategic plan showed on Thursday, representing a major boost in expected investments by the state-run oil company. The plan, the first released by the oil giant since CEO …

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Boosting Venezuelan Output Requires ‘Significant Investment,’ EIA Says – OPIS

EnergiesNet — Mon, 23 Oct 2023 19:22:18 +0000

Reporting by Steve Cronin, OPIS NEW YORK EnergiesNet.com 10 23 2023 While the Biden administration’s easing of sanctions on Venezuela could increase in the country’s crude oil production by the end of the year, the poor state of its oil infrastructure means the gains will likely be less than 200,000 b/d over the next year …

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France Orano SA Will Expand a Uranium Plant to Cut West’s Reliance on Russia – Bloomberg

EnergiesNet — Mon, 23 Oct 2023 17:34:51 +0000

Francois de Beaupuy, Bloomberg News PARIS EnergiesNet.com 10 23 2023 Orano SA will spend €1.7 billion ($1.8 billion) to expand a uranium-enrichment plant in southern France as countries in the West seek to reduce their reliance on Russian nuclear fuel. The investment will boost production at the Georges Besse 2 facility by more than 30%, …

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Equinor, Repsol Sinopec, Petrobras Proceed With $9 Billion Brazil Gas Investment – Bloomberg

EnergiesNet — Tue, 09 May 2023 09:46:56 +0000

Kari Lundgren, Bloomberg News LONDON EnergiesNet.com 05 08 2023 Equinor ASA (EQNR) and its partners — Repsol Sinopec Brasil and Petrobras (PETR3, PETR4) — are moving forward with plans to invest about $9 billion in oil and gas discoveries in Brazil’s Campos Basin. The three BM-C-33 finds in the pre-salt region that holds Brazil’s biggest discoveries …

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