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Subsea 7 has reported a revenue of $2.4 billion for the first half of 2022, an increase of $247 million or 11% compared to the first six months of 2021, driven by the Subsea and Conventional business unit and partly offset by lower revenue in the Renewables unit. Revenue of the Subsea and Conventional unit... Continue Reading →
- Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the Company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, we approved a shareholder remuneration of R$... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the payment of dividends in the amount of R$ 6.732003 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday it will cut gasoline prices at its refineries to 3.71 reais ($0.7110) per liter from 3.86 reais starting Friday, a 4% cut that will take prices to their lowest level since March. The move is the second gasoline price cut by the oil giant this month... Continue Reading →
Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. – Petrobras, based on the agreement signed in February 2020. The Eagle Crato was unveiled at a naming ceremony held at the Samsung Heavy Industries... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that it approved today the execution, with the National Agency of Petroleum, Natural Gas and Biofuels (ANP), of a Conduct Adjustment Agreement (TAC) for compensation of local content fines related to 22 concessions in which Petrobras has 100% working interest, located in the Barreirinhas, Campos, Espírito Santo, Parecis, Potiguar,... Continue Reading →
BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola. Under an agreement signed between BP and Yinson, Yinson will exclusively allocate FPSO Nganhurra to BP for the PAJ Project until 31 December... Continue Reading →
(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 →
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 →
Brazil Energy Insight 