Oil major ExxonMobil has revealed its capital spending in 2021 will be in the range of $16 billion to $19 billion as well as its plans to focus on developing technologies to reduce emissions, especially carbon capture and storage technology, and eliminate routine flaring by 2030. ExxonMobil’s 2021-2025 capital program has been optimized to the... Continue Reading →
Greenhouse Gas Emissions: Investor Coalition CURE Pushes Exxon to Do More
A coalition of investors that oversees $2.5 trillion in assets urged ExxonMobil on Wednesday to take bolder action to slash greenhouse gas emissions and make key governance changes. The Coalition for a Responsible Exxon (CURE), which has 145 members, said the energy giant Exxon had taken steps in the "right direction" amid pressure from activist... Continue Reading →
Guyana: ExxonMobil Moves Drillship Away from Bulletwood Well. Drilling Result Unknown
The Stena Carron drillship most recently used by ExxonMobil to drill the Bulletwood-1 well in the Canje Block offshore Guyana has moved to a new drilling location. This is according to Westmount Energy which owns an indirect interest in the Canje Block, through its 7.2% stake in JHI Associates, which is a partner in the... Continue Reading →
Energy firms bet on hydrogen boom, but payday far away
(Reuters) - Governments and energy companies are placing large bets on clean hydrogen playing a leading role in efforts to lower greenhouse gas emissions, but its future uses and costs are highly uncertain. “Without hydrogen by 2050 we cannot aim to be a net zero (carbon) economy,” Royal Dutch Shell CEO Ben van Beurden told... Continue Reading →
Port of Rio de Janeiro renews contract with Petrobras for use of offshore support base for Santos Basin pre-salt fields
Companhia Docas do Rio de Janeiro signed a transition contract with Petrobras, in order to guarantee the maintenance of the company's operations in the Port of Rio de Janeiro, which is one of the main bases of the country's offshore support for the exploration of the Santos Basin pre-salt fields. Considered very important for the... Continue Reading →
Petrobras on non-reappointment of Board Members
Rio de Janeiro, March 2, 2021 - Petróleo Brasileiro S.A. - Petrobras following up on the releases disclosed on February 19, 2021 and February 23, 2021 announces that it was informed by the Board Members João Cox Neto, Nivio Ziviani, Paulo Cesar de Souza e Silva and Omar Carneiro da Cunha Sobrinho that they do... Continue Reading →
THE EX-DIRECTOR OF SUPPLY OF PETROBRAS HUGO REPSOLD ASSUMES AS GAS & ENERGY DIRECTOR AT 3R PETROLEUM
The former Petrobras supply director, Hugo Repsold, will now be part of the 3R Petroleum command. The executive was announced this week as the new corporate and gas & energy director for the independent oil company. Repsold was elected by the company's Board of Directors and his term of office is valid until August 2022,... Continue Reading →
Production in the pre-salt grows 8.2% in January to 2.629 MMboe / d
The Monthly Bulletin of Oil and Natural Gas Production for the month of January 2021 from the ANP was released. Among the highlights of the publication is the 8.2% growth in pre-salt production compared to the previous month, totaling 2,629 MMboe / d, with 2,074 MMbbl / d of oil and 88.3 MMm3 / d... Continue Reading →
Eni Hires Fugro for Offshore Surveys in Angola
Dutch offshore geotechnical survey firm Fugro has said it has won multiple contracts with Eni in Angola for geotechnical and environmental surveys off the coast of Angola between now and May. Fugro said that two of its vessels are currently active in the region. The multipurpose survey vessel the Fugro Scout, designed for seabed sampling... Continue Reading →
CERAWeek: Oil Bosses See Crude Oil Demand Climbing, Even with Increased Focus on Renewables
Oil company executives at CERAWeek by IHS Markit were adamant on Monday that crude demand will rise over the coming decade and that the fossil fuel will remain a crucial part of the energy mix even as renewables draw increasing attention. Climate change and renewable fuels are taking center stage at this year's gathering of... Continue Reading →