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UPDATE 1-Brazil's Petrobras trims 2022-2026 production outlook

Fri, 14th Jan 2022 13:56

(Recasts with details, context)

SAO PAULO, Jan 14 (Reuters) - Petroleo Brasileiro SA
(Petrobras) on Friday lowered its 2022-2026
production outlook to reflect production-sharing agreements
involving the Atapu and Sepia oilfields.

Brazil's state-run oil company said in a securities filing
it now expects to produce 2.6 million barrels of oil equivalent
per day (boed) in 2022, down from about 2.7 million boed in its
previous forecast, with a range of more or less 4%.

For the 2023-2026 period, Petrobras also lowered its oil and
gas production targets by an average 100,000 boed.

The Atapu and Sepia production-sharing agreements were
signed after Petrobras and several other oil giants acquired
stakes in the oilfields in an auction late in 2021.

TotalEnergies, Qatar Petroleum, Petronas and
Galp's Petrogal hold stakes in Sepia, while Shell
, TotalEnergies, Petrogal and PPSA are part of Atapu's
production deal.

Petrobras operates both oilfields.
(Reporting by Gabriel Araujo and Roberto Samora; editing by
Jason Neely)

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28 Oct 2021 07:22

UPDATE 7-Shell says break-up of group would not work in real life

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28 Oct 2021 07:22

UPDATE 5-Shell says break-up of group would not work in real life

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28 Oct 2021 07:22

UPDATE 4-Shell says break-up of group would not work in real life

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28 Oct 2021 07:22

UPDATE 3-Shell toughens climate targets as Q3 profit misses forecasts

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28 Oct 2021 07:22

UPDATE 2-Shell sets tougher climate targets, Q3 profit below expectations

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28 Oct 2021 07:22

UPDATE 1-Shell's third-quarter profit falls, hones climate targets

(Adds detail)LONDON, Oct 28 (Reuters) - Royal Dutch Shell set a new target for its direct operational greenhouse gas emissions on Thursday, reporting third-quarter profit down 25% to $4.13 billion from the previous quarter, below expectations.Shel...

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28 Oct 2021 07:05

Shell's third-quarter profit falls to $4.1 bln, below expectations

LONDON, Oct 28 (Reuters) - Royal Dutch Shell's third-quarter adjusted earnings fell 25% to $4.13 billion from the previous quarter, it said on Thursday, below an average analyst forecast provided by the company for a $5.31 billion profit.That com...

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28 Oct 2021 07:03

Shell Q2 profits hit by Hurricane Ida, sets new climate target

(Sharecast News) - Royal Dutch Shell reported lower-than-expected third-quarter adjusted earnings despite higher fuel prices as it took a $400m hit from Hurricane Ida on operations and said it was setting new targets for carbon emission cuts.

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27 Oct 2021 20:46

UPDATE: Shell notes talks with Third Point as activist calls for split

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27 Oct 2021 20:20

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27 Oct 2021 18:26

North Sea Crude-Brent diffs fall, Equinor bids for Gullfaks

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27 Oct 2021 16:57

LONDON MARKET CLOSE: FTSE 100 dips but budget buoys homebuilders, pubs

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27 Oct 2021 16:57

UPDATE 4-Hedge fund Third Point buys stake in Shell, urges breakup

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27 Oct 2021 16:57

UPDATE 3-Third Point builds $750 mln stake in Shell, urges breakup

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