(Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the... Continue Reading →
Karoon Eyes Growth in Brazil with Own Oil Fields, Acquisitions
Karoon Energy sees strong growth prospects in Brazil, where it started producing oil last year, working to more than double output by 2023 and considering two options to develop another field by mid-decade, its chief executive said on Monday. Karoon produced an average of just over 13,000 barrels per day (bpd) in the eight months... Continue Reading →
Special Report: BP gambles big on fast transition from oil to renewables
(Reuters) - Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology. The facility earned BP Plc (BP.L) more than $650 million in profits in 2019, according to financial filings reviewed by Reuters. Yet the oil... Continue Reading →
Petrobras starts binding phase of Deten Química S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/28/2021, informs that it has concluded the non-binding phase initiated on 07/08/2021 related to the sale of its entire 27.88% equity interest in Deten Química S.A. (Deten), located in the industrial complex of Camaçari, in the state of Bahia. The company is starting... Continue Reading →
Petrobras releases teaser of E&P assets in the Santos Basin
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of the totality of its stake in the Uruguá and Tambaú fields, belonging to the BS-500 concession, located in the Santos Basin, in the state of Rio de Janeiro. The teaser, which includes key information about... Continue Reading →
AZEVEDO & TRAVASSOS ADVANCES IN THE ACQUISITION OF HEFTOS
(PetroleoHoje) Azevedo & Travassos announced, on Friday (3/9), that it has taken another important step to acquire Heftos, a subsidiary of its competitor UTC, and all its assets in Macaé (RJ). The group contributed R$ 40 million through a court payment in favor of the Court of the 2nd Bankruptcy and Judicial Reorganization Court of... Continue Reading →
DOF Subsea sells CSV Skandi Neptune
DOF Subsea has concluded the sale of the 2001-built construction support vessel (CSV) Skandi Neptune to an international buyer. The company will deliver Skandi Neptune to the buyer in Q3 2022 after the vessel completes its current commitments. DOF Subsea did not reveal further details about the price and the new owner. As reported in July, Skandi Neptune was mobilised for... Continue Reading →
TechnipFMC selling stake in Technip Energies
TechnipFMC is selling 7.6 million Technip Energies shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares in the sale is set at €11.15 per share, yielding total gross proceeds of €196.2 million. Upon completion of the sale, TechnipFMC retains a direct stake... Continue Reading →
Enauta may be closer to being able to bring two new partners to the Atlanta project
(PetroleoHoje) The oil company advanced with the field's farm-out process, selecting non-binding proposals from Karoon and Harbour, which continue in negotiation as preferred bidders. Atlanta's bids were received early in early August. Karoon and Harbor non-firm offerings have individual 30% stakes. From now on, the two groups will start due diligence. The delivery of binding... Continue Reading →
MUBADALA FUND CREATES ACELEN COMPANY TO BE OWNER OF THE LANDULPHO ALVES REFINERY (RLAM) SOLD BY PETROBRAS
(PetroNoticias) The future owner of the Landulpho Alves Refinery (RLAM) will be called Acelen. The new company was created by the Mubadala Capital fund, which signed a refinery acquisition contract with Petrobras in March, and is expected to take over the asset when the purchase process is completed, which is subject to some precedent conditions,... Continue Reading →
Brazil Energy Insight 