Wednesday, May 21, 2025

Petrobras Pulls $790 Million Bond Sale in Blow to Producer

From Bloomberg Petroleo Brasileiro SA, the world’s biggest junk-rated borrower, canceled a plan to sell 3 billion reais ($790 million) of local bonds after the state-controlled oil producer’s credit rating was cut to junk by Standard & Poor’s last month. Petrobras couldn’t raise as much as it wanted because of lackluster demand and may attempt to sell the bonds at

Potential Gas Committee: With 2,853 Tcf of Future Natural Gas Supply, U.S. Can Keep the Lights On

“An exceptionally strong and optimistic gas supply picture for the nation”  After two years of number crunching by 100 volunteer geoscientists and petroleum engineers, the Potential Gas Committee (PGC) in Golden, Colorado, says the United States possesses a total technically recoverable resource base of 2,515 trillion cubic feet (Tcf) of natural gas, as of year-end 2014. This is the highest