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NDT inspections specialist TSC Subsea has opened a new base in Rio de Janeiro as part of its plans to expand across Brazil and further into Latin America. TSC Subsea had so far supported Brazil remotely but decided to open a permanent base in response to increased operations. The company, which has bases in the UK... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/10/2020, 05/05/2020, and 08/19/2020, informs that it has made, today, the early payment of the debit balance of the Private Instrument for Installment Payment of Debt and Other Covenants, signed with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on January 27, 2021, informs that the validation stage of the enrollment of Petros Plan 3 (PP-3) was concluded, totaling 2,176 approved requests. The technical and administrative feasibility studies of the new plan were completed and the Petros’ Executive Board certified its feasibility in a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on April 16, 2021, April, 29, 2021, May 5, 2021 and May 31, 2021, informs that its Board of Directors authorized the convening of an Extraordinary General Meeting (EGM) for the election of eight positions to the Board of Directors filled by the multiple... Continue Reading →
Equinor (EQNR.OL) will speed up investments in renewable energy and low carbon solutions as new oil and gas comes onstream ahead of peak production in 2026, the company said on Tuesday as the pressure mounts to prove it can adapt to a greener future. The majority state-owned Norwegian company said it would dedicate more than 50% of... Continue Reading →
(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 →
Brazil Energy Insight 