Analysis: Amid tense Brazil election, Petrobras emerges as surprise market darling

Register now for FREE unlimited access to Reuters.com Register RIO DE JANEIRO, Sept 22 (Reuters) – Brazil’s state-run oil company Petrobras (PETR4.SA) has spent much of 2022 in turmoil, cycling through four chief executives as President Jair Bolsonaro hammered the company to bring down fuel prices. Faced with that and the likely return of a … Read more

Coles to sell fuel and convenience business to Viva Energy for $200 mln

Logo of refiner and fuel distributor Viva Energy, is pictured in Corio, Victoria, Australia, June 28, 2020. REUTERS/Sonali Paul Register now for FREE unlimited access to Reuters.com Register Sept 21 (Reuters) – Coles Group (COL.AX) has agreed to sell its fuel and convenience retailing unit to power producer Viva Energy (VEA.AX) for A$300 million ($200.64 … Read more

GE appoints Repsol’s Zingoni as CEO of power business – memo

The logo of US conglomerate General Electric is seen on the company building in Belfort, France, October 19, 2019. REUTERS/Vincent Kessler Register now for FREE unlimited access to Reuters.com Register LONDON/CHICAGO, Sept 20 (Reuters) – General Electric Co (GE.N) has hired Mavi Zingoni as head of its power unit, which includes gas, steam and nuclear … Read more

Car electrification unlikely to erase market for ethanol, says producer

A gas station worker fills up a car’s tank with ethanol in Cuiaba, Brazil, October 2, 2019. Picture taken October 2, 2019. REUTERS/Marcelo Teixeira/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 14 (Reuters) – The global movement by governments and automakers to boost electrification of cars does not mean … Read more

US EPA set to finalize rule on state sales of higher-ethanol gasoline blend – Regan

Signage is seen at the headquarters of the United States Environmental Protection Agency (EPA) in Washington, DC, US, May 10, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 13 (Reuters) – The US Environmental Protection Agency intends to finalize a rule before next summer to allow the year-round … Read more

PKN Orlen invests in high-tech wind turbine and infrastructure inspection companies

Register now for FREE unlimited access to Reuters.com Register GDANSK, Sept 8 (Reuters) – Poland’s biggest oil refiner PKN Orlen (PKN.WA) has invested in two companies that make systems that improve wind turbine efficiency and carry out automated infrastructure inspections. The investments are in Eologix Sensor Technology and Invert Robotics Group and were made through … Read more

Croatia’s INA halts disputed contract payments after illegal sales

Worker walk at INA’s oil refinery in Rijeka January 15, 2014. Picture taken January 15, 2014. REUTERS/Antonio Bronic Register now for FREE unlimited access to Reuters.com Register SARAJEVO, Aug 31 (Reuters) – Croatia’s oil and gas firm INA has halted all payments under disputed contracts after authorities accused an organized crime gang of defrauding INA … Read more

Exxon, Shell, Chevron end lawsuits against Nigeria’s state-owned oil company

A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes Register now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 24 (Reuters) – Four major oil companies have agreed to end US lawsuits that together … Read more

Brazil regulator greenlights sale of Holcim’s local business to CSN

SAO PAULO, Aug 17 (Reuters) – Brazil’s antitrust regulator CADE on Wednesday approved the sale of Holcim AG’s ( HOLN.S ) local cement business to steelmaker Cia Siderurgica Nacional ( CSNA3.SA ) with no restriction, allowing the $1.025 billion deal to be completed. CSN first announced the acquisition of LafargeHolcim Brasil in September 2021 as … Read more

Rains dampen Indian state retailers’ Aug. 1-15 diesel sales

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register NEW DELHI, Aug 16 (Reuters) – Gasoil sales by Indian state fuel retailers in the first half of August were subdued from levels … Read more