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3R Petroleum Óleo e Gás S.A. (“3R”) is pleased to invite you to the fourth quarter and full year 2021 earnings conference, which will take place today, February 23, 2022, at 2:00 pm. To access the webcast, click here. To access all the material, including the Earnings Release and the Presentation that will be used... Continue Reading →
A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The civil suit filed in the English courts in 2017 relates to the purchase by energy majors Shell RDSa.L and Eni... Continue Reading →
Offshore drillship contractor Seadrill on Wednesday announced its emergence from Chapter 11 bankruptcy after successfully completing its reorganization. The Plan was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on October 26, 2021. "The restructuring significantly delevered the company’s balance sheet by equitizing approximately $4.9 billion of secured bank debt previously... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved on this date the partial prepayment of the Pre-70 Term of Financial Commitment (TFC Pre-70) and Pension Difference Term of Financial Commitment (TCF Pension Difference), celebrated with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$ 6.882 billion, expected to... Continue Reading →
(epbr) Enauta announced today that it has approved investments of US$ 1.2 billion in the final production system project in the Atlanta field, in deep waters of the Santos Basin. The resources already include US$ 100 million that need to be contributed after the start of production and US$ 500 million referring to the production... Continue Reading →
(PetroleoHoje) The dispute over the contract for the P-80, Petrobras' own FPSO that will make up the 9th module of Buzios, in the Santos cluster, should be restricted to two large international groups. After successive postponements and a long period of lack of interest, the Sembcorp and Keppel shipyards began to work to present a... Continue Reading →
Offshore drilling contractor Seadrill Limited has revealed a timeline for its emergence from the Chapter 11 bankruptcy, expecting it to be this month. After a year of restructuring, Seadrill anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously reported, Seadrill hammered out its plan... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) should buy the rest of wind turbine maker Siemens Gamesa (SGREN.MC) to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on Monday. The comments from Ingo Speich, head of sustainability and corporate governance at Deka Investment, raise pressure on Siemens... Continue Reading →
Following the Bambo drilling campaign in late 2021, Australia’s FAR Limited and its partner Malaysia’s Petronas have completed a review of the prospectivity of the A2 and A5 blocks offshore The Gambia, opening additional, material exploration opportunities. The JV has now fulfiled the minimum work obligation for both blocks, gaining the right to enter the... Continue Reading →
(Reuters) - British bank Natwest (NWG.L) cut lending to clients in the oil and gas sector by 21% in 2021 and aims to limit it further as part of efforts to decarbonise its loan book and reach net-zero emissions, it said on Friday. Financial firms around the world are increasingly committing to the net-zero target as part... Continue Reading →
Brazil Energy Insight 