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(Reuters) - France’s Total posted better than expected earnings in the fourth quarter as oil prices stabilised, and said it would change its name as part of a push to diversify and grow renewable power and electricity production. The French oil and gas major, which like rivals suffered in 2020 as fuel consumption tumbled during... Continue Reading →
New preparations for the entry into operation of the Rota 3 gas pipeline, which will take the pre-salt gas to the Gaslub Itaboraí pole (formerly Comperj). Petrobras announced that it had asked Ibama for the operating license for the shallow and onshore maritime stretches of the line, which may start operating later this year. The... Continue Reading →
Petrobras had its best operating performance in 2020, overcoming considerable challenges arising from the pandemic, contraction in global demand for fuels and low prices. We reached annual production records of 2.28 million barrels per day (MMbpb) of oil and NGL and 2.84 million barrels of oil equivalent per day (MMboed) of total production. Previous production... Continue Reading →
(Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions. Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 7, 2020, informs that it has received binding proposals for the sale of its entire stake in a set of seven onshore production concessions, called Urucu Cluster, located in the Solimões Basin, in the state of Amazonas, and it has begun the... Continue Reading →
The Brazilian arm of the Chinese electricity company SPIC officially entered the Porto do Açu thermoelectric park, in São João da Barra (RJ). The company completed the acquisition of 33% of the GNA I and GNA II projects, which add up to 3 GW of generation from LNG. SPIC will contribute its experience in operating... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 1, 2020, informs that the bidding process started on August 3, 2020 was ended, with no valid proposals, and that the company published, on today's date, Bid Notice 002, aiming to determine a new deadline for the accreditation of companies that manifest interest... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on August 5, 2019, informs that it has signed with the companies OP Energia Ltda. and DBO Energia S.A. a contract for the sale of the totality of its participations in the production fields of Peroá and Cangoá, and in the concession BM-ES-21 (Malombe... Continue Reading →
Forbearance agreements entered into by offshore drilling contractor Seadrill Limited with certain creditors in respect of the group’s senior secured credit facility agreements have now expired. Seadrill said that the term of the forbearance agreements expired on 29 January 2021 and that the creditors with which forbearance agreements were entered into were no longer prevented... Continue Reading →
Inpex Corp, Japan's biggest oil and gas producer, said on Wednesday it is targeting net-zero carbon emissions by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology. The move comes after Japanese Prime Minister Yoshihide Suga pledged to make Japan carbon-neutral by 2050 and with global... Continue Reading →
Brazil Energy Insight 