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(Reuters) Brazilian state-run oil firm Petroleo Brasileiro SA (PETR4.SA) said on Friday that it will start a staggered return from home office to on-site work for its white-collar workers between July and August. Petrobras, as the company is known as, told Reuters the process will continue in October with up to 20% of office occupancy and will... Continue Reading →
The recent overhaul of Exxon Mobil Corp's (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say. A quarter of directors last month lost their seats to outsiders read more , and the March appointment of activist Jeff Ubben puts a third... Continue Reading →
(Reuters) Royal Dutch Shell (RDSa.L) will seek ways to accelerate its energy transition strategy and deepencarbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business. Shell plans to appeal the May 26 court... Continue Reading →
U.S. offshore engineering and construction services player McDermott International has revealed that its CEO David Dickson has decided to resign. McDermott announced on Monday that Lee McIntire, an independent director on the McDermott board of directors, will assume the responsibilities of interim Chief Executive Officer effective immediately. David Dickson, Chief Executive Officer, has decided to resign. “Lee is a... Continue Reading →
Excelerate Energy’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas (LNG) for the 2021 winter season in Argentina, providing reliability and stability... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in clarification to the piece of news of O Globo under the title "Petrobras Board chooses today a new member in indirect election", informs that there is no meeting of the Board of Directors of the company scheduled for today to address this subject. As disclosed in the release dated... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the press release dated April 16, 2021, informs that the resignation of the Board of Directors member, Marcelo Gasparino da Silva, elected through a multiple vote process in the Extraordinary General Meeting of April 12, 2021, became effective today (EGM of April 12,2021). In view of the vacancy... Continue Reading →
(PetroNoticias) 3R Petroleum launched its new visual identity. The date was chosen for the celebration of one year since the start of operations at Polo Macau, in the Potiguar Basin, on May 29, 2020. The brand, redesigned, reinforces the company's pillars: Energy to Rethink, Redevelop and Revitalize, preparing it for the future. “We are very... Continue Reading →
Offshore drilling contractor Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity, clearly visible in the rig owner’s latest contract wins and extensions. The company and its Drilling JVs have been awarded 17 new contracts, extensions, exercised options, and LOAs/ LOIs from the start... Continue Reading →
Oilfield services provider Archer has received approval from a competition regulator in Norway for the acquisition of DeepWell. Following an offer letter from April 2021 to purchase 100 per cent of shares in DeepWell, Archer in early May signed a sale and purchase agreement to acquire DeepWell based on an enterprise value of NOK 177 million on a debt... Continue Reading →
Brazil Energy Insight 