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(OE) FPSO leasing firm BW Offshore said Thursday that Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem in relation to the supply of an FPSO for the Gato do Mato oil and gas field offshore Brazil. The extension is valid until February 15, 2023. Upon completion... Continue Reading →
Dutch FPSO operator SBM Offshore is putting the wheels into motion to resume production by the end of the year from a floating, production, storage and offloading (FPSO) vessel, which is working for Petrobras offshore Brazil. Back in January 2022, oil was observed close to the FPSO Cidade de Anchieta – designed for pre-salt production of the Baleia Azul, Jubarte and Pirambu fields in... Continue Reading →
(PN) Petrobras' revitalization plans for the Marlim field will bring new investments to the Campos Basin. The National Petroleum Agency (ANP) approved the new version of the field development plan presented by the oil company. Altogether, the program foresees investments of US$ 3.8 billion for Marlim and another US$ 60 million for the neighboring field,... Continue Reading →
- Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of October. Key:(1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, and will be repaired during... Continue Reading →
Wilson Sons posted a net profit of R$ 67 million (US$ 13 million) in the third quarter of this year (3Q22), 92% above the 2021 comparative (3Q21). In the first nine months of 2022 (9M22), the company's profit after tax was R$ 226 million (US$ 44 million), up 24% compared to the same period last year... Continue Reading →
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its results for the third quarter of 2022 (“3Q22”). Except as indicated otherwise, the financial and operational information described in this release is presented on a consolidated basis and in Brazilian Reais (R$), in accordance with International Financial Reporting Standards (IFRS). HIGHLIGHTS... Continue Reading →
(Reuters) Spain's Iberdrola plans to invest 47 billion euros ($47 billion) in its electricity networks, renewable energy production and customer businesses in 2023-2025 alongside an expected rise in profits, it said on Wednesday. Iberdrola is pushing to remain one of the global renewable power leaders at a time when utilities are facing a challenging transition... Continue Reading →
Offshore drilling company Diamond Offshore said Monday it had received a notification of award of a new drilling program with Petrobras in Brazil. The soon to be signed four-year contract is for the semi-submersible offshore drilling Ocean Courage. Petrobras will have an option to extend the contract for an additional four years. The total estimated... Continue Reading →
Brazilian oil company Enauta said Monday that production from its Atlanta offshore field in Brazil had been interrupted. "The initial assessment is that this is an operational problem on the surface. The current production of the field is 7,500 bbl/day," Enauta said. The Atlanta Field is operated by Enauta, which owns 100% of the asset.... Continue Reading →
(Reuters) - Guilherme Estrella, former director of Brazil's state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in dividends that would... Continue Reading →
