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Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange. A previously reported, in January this year, lenders took control of the company's vessels after a debt payment default, and decided to sell them and let go all the employees. On February 8, 2021, David... Continue Reading →
(Reuters) - Temasek-backed Singapore conglomerate Keppel Corp (KPLM.SI) and smaller rival Sembcorp Marine (SCMN.SI)are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businessesafter years of losses in an industry downturn. A successful deal would see Keppel spin off the new business into a listed entity and ultimately exit from the legacy... Continue Reading →
(TNPetroleo) The Ministry of Mines and Energy (MME) published the minutes of the pre-bid and contract for the auction of the Atapu and Sépia pre-salt fields, scheduled to take place in December this year. This, which will be the biggest oil and natural gas event this year, should attract investments of R$ 200 billion by... Continue Reading →
(Reuters) - Spain's Acciona (ANA.MC) said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe. The deal... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/28/2021, informs that its wholly-owned subsidiary Petrobras Bolivia S.A. (PEB) was notified today of a decision by the Agro-environmental Court of the city of Sucre that annulled a first instance sentence that required PEB to pay US$ 61 million, plus interest and costs,... Continue Reading →
Offshore drilling contractor Borr Drilling has made changes to the structure of its joint ventures in Mexico by exiting the integrated services JVs and becoming a majority owner in the drilling services JVs, which will continue to earn day rates, providing the company with sufficient liquidity. Borr Drilling has five rigs working for joint ventures... Continue Reading →
(Reuters) Spanish oil and gas firm Repsol (REP.MC) has hired banks to present a new transition financing framework to investors that will allow the company to issue sustainability-linked bonds, according to a lead manager on Monday. HSBC and Natixis have been appointed to help the Spanish firm present the new framework to investors from June 21-23, the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the final results and settlement of the previously announced cash tender offers by its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), with respect to any and all of PGF’s outstanding notes of the series set forth in the table below (the “Notes” and such offers, the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Pré-sal Petróleo S.A. (PPSA) and its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) the Búzios Coparticipation Agreement, which will regulate the coexistence of the Transfer of Rights Agreement and the Production Sharing Contract for the Suplus of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that today it concluded the offering of its 5.500% Global Notes due June 2051 (the “Notes”) in the international capital market in the amount of US$ 1.5 billion through its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The pricing of the Notes occurred on June 2, 2021, as disclosed... Continue Reading →
Brazil Energy Insight 