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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 →
Petróleo Brasileiro S.A. – Petrobras, in relation to news published in the media about the report of the Brazilian Securities and Exchange Commission (CVM) about the Board of Directors members election that took place at the Extraordinary General Meeting on April 12, 2021 (EGM), clarifies that no irregularities in the voting process were found. In the... Continue Reading →
Rio de Janeiro, May 29, 2021 9:32 pm - Petróleo Brasileiro S.A. – Petrobras, in clarification of pieces of news in the media, and as already informed in the last conference with analysts and investors relative to the results for the first quarter of 2021, held on May 14, 2021, informs that in the quest to execute... Continue Reading →
Offshore drilling contractor Seadrill Limited has elected a new CFO and a new COO as well as a new director to its board as the company prepares to take the next steps in its financial restructuring. Seadrill on Thursday announced the appointment of Grant Creed as Chief Financial Officer and Leif Nelson as Chief Operating Officer, both effective immediately.... Continue Reading →
(Reuters) Several Total (TOTF.PA) shareholders plan to demonstrate their concern that the French firm is not doing enough to curb carbon emissions at its shareholder meeting on Friday, as global oil and gas companies come under growing environmental pressure. The International Energy Agency has warned that new fossil fuel projects must stop this year if the world... Continue Reading →
(Reuters) Last December, when a week-old hedge fund named Engine No. 1 challenged Exxon Mobil to change its ways, laughter echoed through Wall Street circles, from the fund’s name that recalled a famous children’s book to its tiny, then-$40 million stake in what was once the world’s largest publicly traded company. Just six months later,... Continue Reading →
Brazil Energy Insight 