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(Reuters) - Top Brazilian bankers and businessmen issued a letter on Tuesday in defense of Brazil's electronic voting system that has been attacked by far-right President Jair Bolsonaro, and warned that the country's democracy was in "grave danger." The manifesto, signed by some 3,000 leading Brazilian figures, did not mention Bolsonaro by name, but clearly... Continue Reading →
2P reserves in the Atlanta field, in the Santos Basin, belonging to Enauta, went from 105.7 million barrels on December 31, 2021 to 155.7 million barrels on June 30, 2022. This is a 47% increase in 2P (Proved and Probable) reserves of the area. The new certification was carried out by the independent consultancy Gaffney,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that its Board of Directors, at a meeting held today and in line with the continuous improvement of its governance, approved the Guideline for Price Formation in the Domestic Market (Guideline). The Guideline reiterates the Executive Board's competence in executing pricing policies, preserving and prioritizing the Company's economic result,... Continue Reading →
Oceaneering International on Wednesday announced its Subsea Robotics segment has been awarded a service contract supporting Petrobras projects off the coast of Brazil. The contract is for four years plus options to extend. The Houston-based engineering and services firm said it will provide survey and remotely operated vehicle (ROV) services for AKOFS Offshore’s subsea equipment... Continue Reading →
(OEM) A consortium of Subsea 7 and Van Oord has won a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) related to the pipeline for the gas-to-energy project offshore Guyana. The scope under the “substantial” contract, as the companies define it, covers the project management, engineering, and installation of approximately 190 kilometers of pipeline in... Continue Reading →
Semi-submersible accommodation vessels owner and operator Prosafe said BP Trinidad and Tobago LLC (‘bpTT’) has exercised all four weeks of options for the Safe Concordia to continue providing gangway connected operations through September 2022 at Cassia C offshore Trinidad. Total value of the contract extensions is approximately $3.5 million. Safe Concordia is a DP2 semi-submersible... Continue Reading →
U.S. oil and gas producer Hess Corp reported a nine-fold increase in second-quarter adjusted profit on Wednesday, helped by a surge in energy prices following Russia's invasion of Ukraine. Oil prices have scaled multi-year highs this year as Western sanctions against major exporter Russia have squeezed an already under-supplied market. Global benchmark Brent crude was... Continue Reading →
(Reuters) Italy's Saipem on Wednesday confirmed its 2022 guidance and the targets in its business plan after the energy services group reported a first-half adjusted core profit of 321 million euros ($325 million). Investors this month agreed to fund only 1.4 billion euros of a life-saving 2 billion euro cash call, leaving the underwriting banks... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 11/05/2021 and 01/25/2022, and regarding the news published in the media about the divestment process of Albacora, in the Campos Basin, clarifies that Albacora is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026.... Continue Reading →
Fugro has reported a revenue of €833 million for the first half of 2022, an increase of 17.2% compared to the same period last year, driven by growth in all markets, particularly high client demand for renewables services. Utilization of Fugro’s fleet was 67% in the first half-year, versus 69% in the same period last... Continue Reading →
Brazil Energy Insight 