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Petrobras Board Greenlights Participation in Brazil's New Diesel Subsidy Program

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Petrobras (PBR) board approved the Brazilian state-run oil firm's participation in a new subsidy program for diesel producers and importers, the company said over the weekend.

The subsidy, worth 1.00 real ($0.19) per liter for 30 days, could be extended for another 30 days and is cumulative with an existing subsidy of R$1.12 per liter.

Additionally, the company said it received a R$448 million installment under Brazil's economic subsidy program for gasoline sales. This brings the cumulative amount Petrobras has received under the subsidy programs for diesel fuel, gasoline, and liquid petroleum gas to R$9.9 billion.

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Market Chatter: TotalEnergies Draws Backlash Over Alleged Staff Protection Failure in 2021 Mozambique Incident

TotalEnergies (TTE.PA, TTE.L) is under fire for allegedly failing to protect a subcontractor at its liquefied natural gas project in Mozambique, London's Financial Times reported Sunday.The backlash is related to a 2021 attack in the area by Islamist insurgents. The French energy company was accused of not providing enough security to its staff for the project, which led to casualties.TotalEnergies did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Equities

TotalEnergies, Venezuela Sign Energy Cooperation MoU

TotalEnergies' (TTE.PA, TTE.L) TotalEnergies E&P New Ventures unit entered into an energy cooperation deal with oil and gas company Petróleos de Venezuela.Bloomberg said in a Sunday report, citing a government statement from Venezuela, that the memorandum of understanding will focus on energy projects.The agreement marks the French energy company's reentry into the Venezuelan market after it pulled out of its natural gas operations in the country.

$TTE.L$TTE.PA
Equities

Houthi Group Launches Attack on Saudi Aramco Facility in Saudi Arabia

Iran-aligned Houthis have struck a Yanbu-based facility of Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, on Sept. 19, Reuters reported on the same day.The Houthi group said in a statement that the attacks were made in retaliation for Saudi Arabia's own attack in Sanaa, Yemen.Aramco did not immediately respond to a request for comment from.

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