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Petróleo Brasileiro S.A. - Petrobras informs that it is not structuring any sale operation in the private market and that no decision has been made by the Executive Board or the Board of Directors in relation to the process of divestment or increase of interest in Braskem mentioned in the article. In this sense, the... Continue Reading →
(Valor) American fund manager Oaktree entered the dispute for Ocyan, Novonor's (formerly Odebrecht) oil and gas company, Pipeline learned. Oaktree and another American fund, EIG Global Energy Partners, are in the final stages of a non-binding process of evaluating numbers for a purchase proposal. Investors had access to the data room and the deadline for... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, in clarification to the pieces of news released by the media, informs that it is not conducting any sales transaction structuring in the private market and that it does not take part in the negotiations mentioned in the articles published in the media. Additionally, is not true the information that... Continue Reading →
Qatar’s state-owned energy giant QatarEnergy has entered into two production sharing contracts (PSCs) for two blocks offshore Suriname, following successful bids for these blocks. Back in June 2021, Chevron and a consortium between TotalEnergies and QatarEnergy submitted winning bids for blocks offered in the Suriname Shallow Offshore (SHO) Bid Round 2020/2021, which closed for bidding on 30 April.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 03/31/2023 , 03/14/2023 and 04/13/2023, informs that it obtained, last Friday, 04/28/2023, authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from 6 more facilities located in the fields of Taquipe, Buracica, Fazenda Alvorada, Rio do Bu,... Continue Reading →
Fugro has reported a revenue of €465.8 million for the first quarter of 2023, representing an increase of 27.5 per cent, said to be especially related to offshore wind site characterization solutions, with all regions reporting double-digit growth. Overall, revenue in marine was €335.1 million, up by 34.7 per cent, as a result of increasingly... Continue Reading →
Three firms are vying to buy a minority stake of up to 49% in Iberdrola's "Baltic Eagle" offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources. The top candidates for the transaction valued at around 700 million euros ($769 million) are Abu Dhabi's Masdar, Swiss fund EIP and... Continue Reading →
(Reuters) German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option. CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors. "The exit will not take place immediately," Brudermueller said in a speech to... Continue Reading →
The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Pilar field, in the Alagoas Cluster (Petrobras divestment). The asset is operated by Origem Energia, which should disburse R$ 916 million in investments in the area. In the revision of the plan, the operator states that it should drill 15 new... Continue Reading →
(Reuters) - Mubadala Capital backed-Acelen will invest 12 billion reais ($2.44 billion) over 10 years to make "green" diesel and jet fuel in Brazil, starting in 2026, in a move that will place the company among global leaders in this segment, executives told Reuters. The new biorefinery, which the energy company plans to begin building... Continue Reading →
Brazil Energy Insight 