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(Finews) The Swiss Attorney General's Office searched the premises of Geneva-based bank Pictet in mid-March in relation to the Petrobras scandal. About two weeks ago, the offices of Bank Pictet in Geneva were searched by the Office of the Attorney General of Switzerland (OAG), a story in the Swiss daily «Le Temps» (behind paywall) confirmed on Monday.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the Court of Justice of Rio de Janeiro (TJ-RJ) decided, by majority vote, to grant the appeal of the company Paragon Offshore Nederland B.V., former supplier of rigs for oil and gas prospection. The estimated value of the lawsuit is R$ 1.9 billion of which R$ 59 million... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved the execution of the Term of Closing of Pendencies (TCP) between, on the one hand, Petrobras and one of its affiliates (jointly, Petrobras) and, on the other hand, Novonor S.A. (previously called Odebrecht S.A.) and some of its affiliates (jointly, Novonor/Odebrecht), for the... Continue Reading →
Australia’s FAR Limited has decided to retain the Woodside Contingent Payment within the company rather than demerging it into a new entity. However, a demerger is still on the table for the firm’s exploration portfolio in The Gambia, as the Australian player seeks farm-out options or outright sale to maximise the value of these assets.... Continue Reading →
PGS has added a further 2,000 square kilometers of KPSDM processed MultiClient 3D GeoStreamer data for the Tano Basin offshore Ghana. The survey targets an area that has seen recent high-profile exploration success, with ENI’s Baliene-1X discovery in August 2021, and Springfield’s Afina-1X discovery in November 2019, PGS said. The Upper Cretaceous play is the... Continue Reading →
(OE) Mexican authorities have decided that Mexico's national oil company Pemex would become the operator of the giant Zama offshore field development, despite the fact that the discovery was made by the U.S. oil company Talos Energy back in 2017. Talos Energy said Monday it had received the final Unitization Resolution ("UR") from Mexico's Ministry of... Continue Reading →
(Reuters) - A Nigerian court has stopped Shell Plc (SHEL.L) from selling any assets in Nigeria until a decision is reached on the company's appeal of a nearly $2 billion penalty for an alleged oil spill. A copy of the court ruling, which was seen by Reuters on Monday, was issued on March 11 and also ordered... Continue Reading →
(OE) Norwegian offshore support vessel owner Siem Offshore said Monday a Brazilian court had ruled in favor of Petrobras in a case related to a late vessel delivery in 2015. "Siem Offshore do Brasil has been notified of the final unfavorable decision of a Brazilian court in a lawsuit filed against Petrobras. The case is... Continue Reading →
(OE) The UK on Thursday announced sanctions, including a full asset freeze and travel ban, against seven oligarchs including Russian oil company Rosneft's CEO Igor Sechin and Gazprom's CEO Alexey Miller, over the Russian invasion of Ukraine. The UK government said that in an effort to "to isolate Putin and those around him, these oligarchs... Continue Reading →
(Reuters) - U.S. officials have demanded Venezuela supply at least a portion of oil exports to the United States as part of any agreement to ease oil trading sanctions on the OPEC member nation, two people close to the matter said. U.S. President Joe Biden on Tuesday banned U.S. imports of Russian oil in retaliation... Continue Reading →
Brazil Energy Insight 