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U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola. The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola. Delivered in 2015 by Samsung Heavy Industries in South Korea, the drillship is currently preservation stacked in the Canary Islands, Spain.... Continue Reading →
Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in... Continue Reading →
Offshore driller Seadrill Ltd on Tuesday obtained court approval for its reorganization plan, clearing the way for it to emerge from bankruptcy. U.S. Bankruptcy Judge David Jones in Houston signed off on the plan during a virtual hearing. Under the plan, creditors will exchange $4.9 billion in debt for equity in the company. Seadrill will... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”), following best corporate governance practices, informs its shareholders and the market in general of the start of production of the TBMT-10H well, in the Tubarão Martelo Field (“TBMT”), with initial production of approximately 3,800 barrels of oil per day, still in the assessment period. The TBMT-10H well was drilled... Continue Reading →
(Reuters) - Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said. The production storage and offloading (FPSO) facility is expected to add 220,000 barrels per day (bpd) of oil capacity to Guyana's current 120,000-bpd output when it... Continue Reading →
(Reuters) - BP's trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company's trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting. Natural gas and power prices soared to an all-time high in Europe and... Continue Reading →
(PetroleoHoje) Galp's recently acquired solar energy projects in Brazil should require investments between €500,000 and €700,000 per MW, informed the company's executive director, Andy Brown, at an investor conference on Monday. “But we expect to get 65%-70% financing as well, so the equity contribution is much smaller,” he said. Located in Bahia and Rio Grande... Continue Reading →
(PetroleoHoje) Schlumberger signed a contract with Petrobras to supply completion systems for 21 wells in pre-salt concessions. Installation of the systems is scheduled to start in the third quarter of 2022. The deal is the result of a public tender for the supply of direct hydraulic intelligent completion systems and selective lower completion systems. Petrobras... Continue Reading →
Pre-Sal Petróleo published in the Official Gazette of the Union, the notice of the 3rd Union Oil Auction, which will sell more than 55 million barrels of oil owned by the Union in the fields of Búzios, Sapinhoá and Tupi and the Mero Development Area. The auction will take place at B3 on November 26th.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to news published in the media regarding studies carried out by the government to sell Petrobras shares and lose the majority of the Company's shareholding control, informs that it inquired the its controlling shareholder, through the Ministry of Economy (ME), on the existence or not of such studies... Continue Reading →
Brazil Energy Insight 