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(Reuters) - Brazil's newly appointed mines and energy minister, Adolfo Sachsida, said on Wednesday he will request studies on Petrobras' (PETR4.SA) privatization as his first act in office. "I request the beginning of the studies pending the proposal of the legislative changes necessary for the Petrobras' privatization," Sachsida said in his first address to media. Sachsida, who... Continue Reading →
Shareholders of offshore drilling company Noble Corporation have approved the company's proposed plan to merge with the Danish offshore drilling firm Maersk Drilling. "...at the Extraordinary General Meeting of shareholders held today, shareholders approved all proposals related to the previously announced business combination agreement with [Maersk Drilling]," Noble Corp. said Tuesday. According to Noble Corp,... Continue Reading →
(Reuters) - Brazil's inflation slowed in April but still posted the steepest rise for the month in 26 years, pushing the 12-month figure to over 12% amid continued pressures on food and fuel, official figures showed on Wednesday. Consumer prices as measured by the benchmark IPCA index rose 1.06% in April, slightly above the 1.0%... Continue Reading →
Oslo-listed offshore accommodation firm Prosafe said Wednesday it had been declared the winner of a bidding process for a four-year contract by Petrobras for the provision of the Safe Eurus semi-submersible vessel. The contract, subject to a formal process during which other bidders may appeal within the next week, is for safety and maintenance support... Continue Reading →
(Reuters) Brazilian President Jair Bolsonaro removed Bento Albuquerque from his role as mines and energy minister early on Wednesday, according to an announcement in an official gazette, and Economy Ministry official Adolfo Sachsida will replace him. Albuquerque, an admiral in the Brazilian navy, had been Bolsonaro's mines and energy minister since the first day of... Continue Reading →
Offshore drilling contractor Noble Corporation has revealed that its shareholders have endorsed its plan to merge with Maersk Drilling in an all-stock transaction almost unanimously, despite concerns, which were voiced by certain shareholders over this plan in the past. A short time after the two rig owners announced their business combination on 10 November 2021, Cyprus-based S.D.... Continue Reading →
French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software. CGG said the deal would give Petrobras geoscientists access to advanced technology innovations, including full-waveform inversion (FWI), and significantly enhance their imaging capabilities.... Continue Reading →
Ocyan, a Brazilian company operating in the offshore oil and gas industry, signed a new Petrobras contract for the provision of construction & assembly and maintenance services for the replicant FPSOs P-66, P-67, P-68, P-69 and P- 70. The contractual term is four years, with the possibility of extension for another two years. This new... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) informs to its shareholders and the market in general that it entered into an agreement with Aquadrill LLC (“Aquadrill”) that gives PRIO the opportunity to acquire the Capricorn semi-submersible rig ("Rig"). The semi-submersible hybrid Rig, suitable for drilling water depths of 80 to 3,000 meters, will be primary used... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) informs its shareholders, investors and the market in general that, on May 10, 2022, the National Petroleum, Natural Gas and Biofuel Agency (“ANP”) approved the transfer of the concession agreements of 14 onshore production fields that form the Recôncavo Cluster (“Recôncavo Cluster”), owned by Petróleo Brasileiro... Continue Reading →
