Petrobras posts firm profits amid government tax on oil exports as Brazil also cuts LNG and Bolivia gas
Petróleo Brasileiro, which was the first national oil company to import LNG to chartered floating storage and regasification units (FSRUs) back in 2009 while never developing LNG production itself, reported a 76 percent surge in oil-led net profits as the government also brought in a new tax on energy companies exporting oil.
Norway’s Equinor posts record fourth-quarter earnings after boosting pipeline natural gas output for Europe
Norwegian energy company Equinor, whose Hammerfest LNG plant comes back on stream in mid-May 2022, said “unprecedented” European natural gas prices in the second half resulted in record high annual and fourth-quarter adjusted earnings after gas output was boosted.
Brazil’s Petrobras says LNG helped end energy crisis along with pipeline gas from Fluxys Bolivia asset
Petróleo Brasileiro (Petrobras), the Brazilian oil and gas company, boosted domestic natural gas production in the third quarter backed by LNG imports as well as pipeline gas from Bolivia as a drought curtailed the South American nation’s hydro-electric output.
