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A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating. A day earlier, four other board members stepped down at Petroleo Brasileiro SA, as the company is formally known. Their messages,... Continue Reading →
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 →
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 →
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 →
(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 →
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 →
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 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 →
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 →
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 →
Brazil Energy Insight 