Petróleo Brasileiro SA – Petrobras, following up on the releases disclosed on 08/04/2021, 10/28/2021, and 11/19/2021, informs that it is carrying out today the payment of the 2nd installment of the anticipated shareholder remuneration for 2021. The gross amount distributed corresponds to the gross value of dividends and interest on equity (IOE) of R$ 3.250487... Continue Reading →
Royal Dutch Shell shareholders expected to approve move to London
(Reuters) - Royal Dutch Shell PLC (RDSa.L) shareholders are expected to vote on Friday to approve a plan to end the company's dual share structure and move its headquarters to London from The Hague. The Anglo-Dutch company's board members presented the plan in November. They said the simplification would strengthen Shell's competitiveness and make share buybacks and paying... Continue Reading →
Prosafe unit gets extension
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units for operations in Trinidad and Tobago. In an update on Thursday, Prosafe revealed that the firm charter period for its Safe Concordia unit in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. The total... Continue Reading →
Oil Workers Unions Protest Against Sale of Petrobras Refineries and Threaten a National Strike
Unions of oil workers across the country, linked to the Single Federation of Oil Tankers (FUP), held a national act of protest in front of Petrobras refineries located from north to south of Brazil, in protest against the privatization of the company's refining units. The movement began at the Landulpho Alves Refinery (RLAM), in Bahia,... Continue Reading →
Shell free to proceed with seismic survey off South Africa after court win
Oil major Shell is free to go ahead with its planned seismic surveys along the eastern coast of South Africa after the court dismissed an 11th-hour legal challenge by environmental groups which claim that the activities will cause irreparable harm to the marine environment in the region. The seismic survey, initially scheduled to begin on... Continue Reading →
Swiss Public Prosecutor Fines SBM Offshore for Bribery
SBM Offshore, one of the world's largest suppliers of FPSO vessels for the offshore oil and gas industry, has been ordered to pay 7.0 million CHF (around USD 7.6 million) for bribery in the 2005 – 2012 period. A year ago, SBM Offshore said that three of its subsidiaries in Switzerland had received a notification... Continue Reading →
With Chapter 11 emergence in sight, Seadrill reveals new board members
Offshore drilling contractor Seadrill Limited has revealed its new board structure, including former Noble CEO and Subsea 7 CEO, as the company is preparing to emerge from the Chapter 11 bankruptcy, which started in February 2021. Seadrill said on Wednesday that a new, independent, seven-member board of directors will assume leadership of the new parent... Continue Reading →
Shell ditches the Dutch, moves to London in share structure overhaul
(Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual... Continue Reading →
Petrobras signs contract for the sale of SIX
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Forbes & Manhattan Resources Inc. (F&M Resources), a wholly owned subsidiary of Forbes & Manhattan Inc. (F&M), a contract for the sale of the shares of the company that will own the Shale Industrialization Unit (SIX), located in São Mateus do Sul/PR. The sale... Continue Reading →
Petrobras on new Ombudsman
Petróleo Brasileiro S.A. – Petrobras informs that on 11/12/2021 the term of the Ombudsman Mário Vinicius Claussen Spinelli, who held the position since November 2015, will end. Petrobras' Board of Directors approved the nomination of Luiz Cristiano Oliveira de Andrade to take over as Ombudsman, starting as of 11/13/2021, for a three-year term, with the... Continue Reading →
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