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Sept 16, 2019 Senior vice president and chief financial officer (CFO) of offshore drilling contractor Noble Corporation has resigned from the company. Noble Corporation said last Friday that its SVP and CFO Adam C. Peakes resigned effective September 9, 2019. The company added that a search for Peakes’ replacement has already begun. In the interim,... Continue Reading →
September 16, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) today announced the expiration and expiration date results of the previously announced offers to exchange (the “Exchange Offers”), by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), relating to seven series of its outstanding notes set forth in the tables below (the “Old... Continue Reading →
September 13, 2019 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (Teaser), regarding the sale of its interests in two onshore concessions, including outflow facilities, denominated Cupiúba and Carapanaúba Cluster, located in the state of Amazonas. The Teaser, which contains key asset information and eligibility criteria for selection of... Continue Reading →
September 12, 2019 Petróleo Brasileiro S.A. - Petrobras, in addition to the Notice to the Market issued on August 16, 2019 and the release disclosed on August 30, 2019, reports that it received today the Official Letter No. 441/2019/CVM/SRE/GER-2, by which CVM revokes the suspension of the company's public offering of debentures (7th issue), effective... Continue Reading →
September 12, 2019 Petrobras formulates sales models for the pre-salt pipelines with partners, scheduling operation for 2020 Petrobras is preparing an unprecedented operation to reduce its stake in the Route 1, Route 2 and Route 3 pipelines, which are responsible for interconnecting the Santos cluster fields to the coast of Rio de Janeiro and São... Continue Reading →
General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday. Shares of Baker Hughes, in which GE owned an about 50.4% stake as of... Continue Reading →
Mexican state-owned oil and gas company Pemex will receive a contribution equivalent to $5 billion from the country’s government to repay and refinance debt. Pemex announced on Wednesday a series of measures intended to improve its financial condition. This operation considers a capital contribution from the Federal Government equivalent to $5 billion to be used... Continue Reading →
September 10, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 03/08/2019, reports that it has concluded today the sale of its 70% interest in the Maromba field, located in shallow waters in the Campos Basin, to BW Offshore Production do Brasil Ltda. (“BWO”). The transaction was completed with the payment of... Continue Reading →
Sept 9/2019 Petrobras (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced two concurrent liability management transactions to purchase or exchange, as applicable, seven series of PGF’s outstanding notes (the “Offers”). The Offers will expire at 5:00 p.m. (New York City time) on September 13, 2019 (such date and time... Continue Reading →
The New York Stock Exchange gas decided to suspend trading in securities of Seadrill Partners and has started procedure to delist the company, an affiliate of drilling contractor Seadrill, from the exchange. The NYSE reached its decision due to Seadrill Partner’s low market capitalization. “The Company expects its common units to trade in the over... Continue Reading →
