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(JPT) Brazilian independent Enauta has agreed to sell a 20% participating interest in the BS-4 concession, which includes the Atlanta and Oliva fields, to Westlawn Americas Offshore (WAO) for $301.7 million. WAO is a portfolio company of Westlawn Group LLC and owns various interests in the Gulf of Mexico offshore basins. Enauta said the sale... Continue Reading →
(OE) Oceaneering International has signed a strategic collaboration agreement with Global Design Innovation (GDi) to deliver digital asset management solutions for asset-intensive industries such as oil and gas, utilities, and power generation. The agreement Oceaneering signed through its Integrity Management and Digital Solutions group will allow the company to provide digital solutions, including a technology-focused... Continue Reading →
(Bloomberg) -- A new competitor has entered the race for a majority stake in Latin America’s leading petrochemical company Braskem. A third company is carrying out due diligence on the company, Chief Financial Officer Pedro Freitas said on a conference call with analysts on Tuesday, without disclosing the potential bidder’s name. Petrobras, the petrochemical’s second-biggest... Continue Reading →
(Reuters) - A promising area off Colombia's coast where Brazil state-run Petrobras (PETR4.SA), opens new tab is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday. As oil production in Brazil's prolific presalt region is set to plateau... Continue Reading →
(OE) Saipem and Fincantieri have signed a memorandum of understanding (MoU) to evaluate commercial and industrial opportunities for cooperation in the field of autonomous subsea vehicles (AUV) and their integration with surface and underwater units. The MoU is among the initiatives aimed at promoting and developing Italy’s national excellence in the underwater sector. The agreement... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media and as already disclosed on March 12 and March 15, reaffirms that the statement that there was any promise to pay extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024 (Deep Dive) held by the company... Continue Reading →
(Offshore-energy.biz) Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 million, with improving margins at 10.6% compared to 9.3% in 2022 – a year that Prysmian... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the article "Controversy puts dialogue between Petrobras and the market in check", published in Valor Econômico this Friday, reiterates that the company did not promise or signal a direction for extraordinary dividends at an event with analysts and investors, as already disclosed in a release on March 12. Petrobras... Continue Reading →
Petróleo Brasileiro S.A - Petrobras, following up on the press releases published on 11/09/2023 and 11/21/2023, informs that it will pay on 03/20/2024 the second installment of dividends relating to the balance sheet of September 30, 2023, based on the shareholder position of 11/21/2023, in connection to the Material Fact released on that date. The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the article "Presentation to analysts in NY would have signaled payment of dividends by Petrobras", published in Valor, clarifies that the company did not promise or signal any indication of extraordinary dividends at the event held with analysts and investors on 01/30/2024 and 01/31/2024. Petrobras seeks to be transparent... Continue Reading →
Brazil Energy Insight 