Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Italy's Enel SpA (ENEI.MI) is in talks to sell its Brazilian power distributor company Celg-D in a deal that may reach $2 billion, three sources with knowledge of the matter said. Among companies interested in acquiring Celg-D, which distributes power in the Brazilian center-west state of Goias and serves 3.27 million customers, are Brazilian rivals... Continue Reading →
(OE) Oslo-listed FPSO leasing company BW Offshore has agreed to sell its laid-up FPSO Polvo to BW Energy for $50 million. BW Energy will redeploy the FPSO in Brazil. The transaction is expected to be concluded by July 24, 2023, at the latest. If the transaction is completed before the said date, BW Energy will... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/20/2021 and 12/30/2021, informs that it has today concluded the sale to the company Ubuntu Engenharia e Serviços Ltda (Ubuntu) of its total stake in blocks PAR-T-198 and PAR-T-218, located in the Paraná Basin. After compliance with all the precedent conditions and approval... Continue Reading →
(Reuters) Wood Plc said on Wednesday its Chief Executive Officer Robin Watson plans to retire and the British oilfield services and engineering firm also posted a drop in full-year revenue, sending its shares down as much as 6% in early trade. The London-listed company's revenue for the year ended Dec. 31 was down 14% on... Continue Reading →
(PN) Petrobras announced that it achieved a new national record in well construction in deep waters. The feat was achieved in the Marlim field, in the Campos Basin. The 7-MRL-233H-RJ well is in a water depth of 850 meters and was built in just 35 days. The record surpasses the company's best result so far... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices and in addition to the Material Fact of November 5, 2020, informs its shareholders and the market in general that it formally notified Gas Bridge S.A. (“Gas Bridge”) of the SPA termination, which aimed to sell the 10% interest in the Manati... Continue Reading →
(PN) Acelen, the investment arm of Mubadala Capital, announced that it will invest BRL 500 million in the Mataripe Refinery (formerly RLAM), in Bahia. The funds will be applied to the plant's scheduled maintenance shutdown cycle over the next 12 months. The company's expectation is that up to 4,000 jobs will be generated at the... Continue Reading →
Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. Back January 2020, Premier Oil as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum, with a goal of Navitas eventually obtaining a 30% interest in... Continue Reading →
(Reuters) - Global energy trader Gunvor Group reported a net profit of $726 million for 2021, the highest since 2015, buoyed by its natural gas and liquefied natural gas (LNG) divisions, the company said on Tuesday. The profit was the highest since 2015 when net profit was boosted by the sale of most of its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/13/2022, informs that, contractually, TotalEnergies EP Brasil Ltda. - TotalEnergies may make the updated payment for its 22.5% share in the compensation for Atapu until 04/28/2022. The Atapu block was acquired by the consortium composed by Petrobras (52.5%), Shell Brasil Petróleo Ltda. -... Continue Reading →
