Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first... Continue Reading →
Petrobras on the new private pension plan
Petróleo Brasileiro S.A. – Petrobras, further to the notice published on December 18, 2018, hereby announces that, after adjustments made to the regulations of the Petros 3 Plan (PP3), its Board of Directors resolved to submit the new plan proposal for analysis of the Secretariat for Coordination and Governance of State-Owned Companies (SEST) and the National... Continue Reading →
Petrobras on ICMS Tax
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the adhesion to the ICMS debt and interest penalty reduction programs (Amnesties), according to the CONFAZ regulations ICMS 146/2019 and 51/2020, instituted by the states Espírito Santo and Rio de Janeiro, respectively. The total amount of contingencies to... Continue Reading →
Noble Shareholders Set to Approve $4.2B Chevron Deal
Noble Energy Inc shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand. The purchase would boost Chevron's U.S. shale oil holdings and add nearly 1 billion cubic feet of natural gas reserves close to... Continue Reading →
MODEC awarded the LatinFinance Project & Infrastructure Finance Bond of the Year 2020
MODEC, Inc. is pleased to announce that a US$ 1.1 billion project bond, issued by an affiliate of MODEC in August 2019, has been awarded as "Project & Infrastructure Finance Bond of the Year 2020" from LatinFinance, the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean. For... Continue Reading →
Exxon expects another loss from production business as oil downturn drags on
(Reuters) - Exxon Mobil Corp XOM.N expects to post a quarterly loss from its production business for the third consecutive time this year, the largest U.S. oil major said in a filing on Thursday, as it continues to suffer from a crash in commodity prices due to the coronavirus pandemic. Exxon reported its first back-to-back quarterly loss... Continue Reading →
Seadrill Replaces CEO
Offshore drilling contractor Seadrill has replaced CEO Anton Dibowitz. Seadrill's CFO Stuart Jackson will take Dibowitz's place, with immediate effect. Seadrill, which this week got more time from creditors to come up with a $7.3 billion debt restructuring solution, said Thursday that following Jackon's taking of the CEO role, the role and responsibilities of the... Continue Reading →
Shallow water assets in the Campos Basin sold by Petrobras, may receive more than R $ 10 billion in investments
The new development plans (DP’s) for 14 shallow water fields, recently approved by the ANP, indicate that the areas, previously in process of decline, will receive an injection of investments that exceed R $ 10 billion. This amount refers only to activities considered firm (mandatory) in the plans submitted to the ANP. This value can... Continue Reading →
Shell to cut up to 9,000 jobs in low-carbon transition
(Reuters) - Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Shell, which had 83,000 employees at the end of 2019, said that the reorganization will lead to additional... Continue Reading →
Keppel Starts Review of Struggling Offshore and Marine Business
Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetized, including through sales, and started a review of its loss-making offshore and marine (O&M) business. The plans unveiled on Tuesday are part of Keppel's 10-year strategy that it had flagged earlier this year to... Continue Reading →
