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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/10/2020, 05/05/2020, and 08/19/2020, informs that it has made, today, the early payment of the debit balance of the Private Instrument for Installment Payment of Debt and Other Covenants, signed with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$... Continue Reading →
(Bloomberg) -- Brazil’s Petroleo Brasileiro SA is said to have raised about $2.3 billion in the biggest share sale in Latin America so far this year. Petrobras, as the company is known, shed its remaining stake in fuel distributor Petrobras Distribuidora SA in an offer that priced at 26 reais ($5.23) a piece, people familiar... Continue Reading →
(Reuters) Angola has accumulated around $1 billion in debt to western oil companies operating its oilfields, with the bill prompting the African country’s recently launched sale of stakes in its flagship offshore blocs, three industry sources told Reuters. The magnitude of the debt, built up over several years, is a sign of deepening financial woes... Continue Reading →
Fugro has completed the divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO for $16 million in cash. PXGEO acquired Seabed’s ocean bottom node inventory, handling equipment, related technology, intellectual property, and project backlog. In addition, PXGEO informed that a significant number of personnel responsible for the delivery of... Continue Reading →
Dutch floater operator SBM Offshore has completed the project financing for a total of $1.05 billion for the FPSO Prosperity, which is destined to operate on ExxonMobil’s Payara development offshore Guyana. The project financing, secured by a consortium of 11 international banks, will be drawn in full, phased over the construction period of the FPSO.... Continue Reading →
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit... Continue Reading →
Polarcus Limited, a seismic surveyor in liquidation, is set to be wound down and delisted from the Oslo Stock Exchange. A previously reported, in January this year, lenders took control of the company's vessels after a debt payment default, and decided to sell them and let go all the employees. On February 8, 2021, David... Continue Reading →
(Reuters) - Temasek-backed Singapore conglomerate Keppel Corp (KPLM.SI) and smaller rival Sembcorp Marine (SCMN.SI)are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businessesafter years of losses in an industry downturn. A successful deal would see Keppel spin off the new business into a listed entity and ultimately exit from the legacy... Continue Reading →
(TNPetroleo) The Ministry of Mines and Energy (MME) published the minutes of the pre-bid and contract for the auction of the Atapu and Sépia pre-salt fields, scheduled to take place in December this year. This, which will be the biggest oil and natural gas event this year, should attract investments of R$ 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 →
Brazil Energy Insight 