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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 →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors, in a meeting held today, approved the dismissal of Anelise Quintão Lara and elected Rodrigo Costa Lima e Silva as Chief Refining and Natural Gas Officer. The Refining and Natural Gas Office is responsible for the industrial operations of refining and natural gas and is... Continue Reading →
Subsea 7 has won a contract from Cabinda Gulf Oil Company (CABGOC) for the Sanha Lean Gas Connection (SLGC) project offshore Angola. Specifically, the project comprises the construction and installation of the Lean Gas Platform (LGP) system in Block-0 off Angola. It takes place at a water depth of approximately 70 metres. Project management and... Continue Reading →
Rio de Janeiro, January 18, 2021 - Petróleo Brasileiro S.A. - Petrobras in relation to the news published in the media clarifies that the company did not sign the amendment to the Commitment Agreement (“TCC”) signed with the Administrative Council for Economic Defense (CADE) for the refining market. The draft of the amendment was approved... Continue Reading →
French oil major Total has withdraw from the U.S. oil and gas industry association American Petroleum Institute (API), over the differing climate positions, as well as over API's support for candidates who oppose Paris Agreement. " Following a detailed analysis of the climate positions of the American Petroleum Institute (API), Total announces its decision not... Continue Reading →
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by leading global consultancy, McKinsey & Company. The Global Energy Perspective 2021 report finds that while coal demand peaked already, peaks in demand... Continue Reading →
(BUSINESS WIRE)--New Fortress Energy Inc. (Nasdaq: NFE) (“NFE”) today announced that it has signed a Memorandum of Understanding (“MOU”) with Petrobras Distribuidora S.A. (“BR”) and CCETC Brasil Holding Ltda. (“CCETC”) to acquire 288MW of 15-year power purchase agreements (“PPAs”) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in... Continue Reading →
(Reuters) - New Fortress Energy Inc said on Wednesday it would buy Hygo Energy Transition Ltd, a 50-50 joint venture between Golar LNG Ltd and Stonepeak Infrastructure Fund II Cayman, for $2.18 billion to expand its presence in South America. The deal is less than four months after the then chief executive of Hygo, which... Continue Reading →
Brazil Energy Insight 