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With corporate headquarters in Norway and operational headquarters in the U.S., TGS is actively working on scaling up the efficiency of seismic surveys. To this end, the energy data and intelligence provider is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement. The exclusive four-year collaboration agreement enables TGS and Apparition... Continue Reading →
(PN) China National Offshore Oil Corporation (CNOOC) signed an agreement for two research projects on renewable energies offshore, with funding of R$ 16 million. With a duration of three years, the research will have the participation of more than thirty people, from four different Coppe laboratories, who will work in several areas, including hydrodynamics, aerodynamics,... Continue Reading →
(OE) Petrobras CEO Jean Paul Prates participated in the CEO Oil and Gas Governors Meeting in Geneva this week and highlighted that it is crucial to raise people's awareness of the essential contribution of oil to the economy. The event was coordinated by the World Economic Forum, and the meeting addressed two main themes: energy... Continue Reading →
(OET) Oslo-headquartered marine geophysical company PGS has secured a new assignment for one of its seismic acquisition vessels offshore Africa with an undisclosed firm. In addition, the start of operations in Brazil for another one of its ships has been delayed. While revealing a contract award for a 3D exploration acquisition contract offshore Africa, PGS... Continue Reading →
Regarding the new FPSO-type platform project for the Barracuda and Caratinga fields, Petrobras clarifies that the unit is one of six already planned within the Campos Basin Renewal Program. The first two FPSOs – Anita Garibaldi and Anna Nery – started oil production in 2023. Within Petrobras' governance, in stages of project maturity evolution, it... Continue Reading →
(Reuters) Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by ExxonMobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows. Western sanctions on Russian oil due to its invasion of Ukraine since last... Continue Reading →
(NA) Japanese chemicals company Kureha will partner with Brazilian state energy group Petrobras to develop a new way to capture carbon dioxide from offshore oil fields. Kureha will start developing a new catalyst to be used in a carbon capturing device this fiscal year at its research facility in northeastern Japan, in a joint effort... Continue Reading →
(Bloomberg) -- The new fuel policy implemented by state-run Petroleo Brasileiro SA is causing trouble for a Mubadala Capital-owned oil refinery, handing bondholders one of the worst returns in Latin America. Mubadala’s Acelen, which operates the refinery in northeast Brazil, saw its notes fall into distressed territory at around 63 cents on the dollar, down... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, reaffirms that it is carrying out due diligence on Braskem, for the possible exercise of tag along or preemptive rights, in the event of the sale of the shares held by Novonor S.A. (Novonor) in the company, in accordance with the... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) expects to continue to produce oil for the next four decades, while also boosting investments in renewables as it seeks to drive an energy transition, an executive said on Tuesday. Joelson Mendes, the firm's Chief Exploration and Production Officer, said at an event hosted by Santander that Petrobras understands... Continue Reading →
