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NEW YORK: Oil prices reached multi-year highs on Monday before steadying, as tight global supply and strengthening fuel demand in the United States and beyond supported prices.
RIO DE JANEIRO: Brazil’s Petrobras posted mixed production figures as the state-run oil company ramps up output at some major oilfields while also jettisoning a number of legacy production assets as part of a wider divestment drive.
SAO PAULO: Chinese oil and gas firm CNOOC Ltd wants to exercise an option and acquire an additional 5% stake in production rights for the Buzios oilfield for US$2.08bil (RM8.71bil), according to the oilfield’s owner, Brazil’s Petrobras.
KUALA LUMPUR: Yinson Holdings Bhd, an independent FPSO leasing company, said net profit in the second quarter ended July 31 climbed 26% to RM126mil from RM100mil made a year ago.
KUALA LUMPUR: Yinson Holdings Bhd’s exclusive negotiation with Enauta Energia SA for the potential supply and charter of a floating production storage and offloading (FPSO) unit comes as a good substitute following the cancellation of Petrobras’ bids for the Parque das Baleias (PDB) integrated project.
A chance for investors to buy for future FPSO job
KUALA LUMPUR: RHB Research has lowered its target price on Yinson Holdings Bhd following the negative surprise of Petrobras' cancellation of bids for the Parque das Baleias (PDB) integrated project.
KUALA LUMPUR: Yinson Holdings Bhd’s unit and its project partner Sumitomo Corporation have inked a US$670m (RM2.84bil) syndicated loan facility for the floating, production, storage and offloading (FPSO) Anna Nery project offshore Brazil.
BRASILIA: Brazil’s state-controlled oil company saw its earnings surge in the second quarter, thanks to a rally in crude prices and a hydropower crunch in Brazil that boosted electricity demand.