Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Nauticus Robotics, a U.S. developer of autonomous vehicles and robots for data collection and intervention services for offshore industries, has secured fresh funding for its operations and appointed new executive management team. The new investment was secured before the close of 2023 and eliminated many of the dilutive warrants and ratchet provisions of the... Continue Reading →
(Reuters) - Exxon Mobil's write-down of about $2.5 billion of troubled California properties aims to end five decades of offshore oil production in the state, but a full exit from those assets could take some time. Sable Offshore, a company created in 2020, agreed more than a year ago to pay $643 million for Exxon's... Continue Reading →
(OE) Scottish energy management and storage technologies specialist Verlume has achieved the ‘Granted' status from the Offshore Renewable Energy (ORE) Catapult’s Fit For Offshore Renewables (F4OR) program. Designed as a business improvement programme and to build energy sector specific capability, F4OR has been developed with input from the offshore renewable energy industry and is managed... Continue Reading →
(Reuters) - Chevron (CVX.N) said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had been previously sold. The U.S. oil major expects to take non-cash, after-tax charges of between $3.5 billion and $4 billion in... Continue Reading →
(BW) EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into definitive agreements with Novonor S.A. ("Novonor") and Brazilian Development Bank ("BNDES") to acquire Ocyan Participações S.A. ("Ocyan" or the "Company"), a Brazilian-based solutions provider to the offshore oil and gas industry, for a total amount... Continue Reading →
Facility includes an option to convert to a sustainability-linked loan Seatrium Limited (Seatrium, or the Group) is pleased to announce that its wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) has successfully refinanced an existing loan facility due in February 2024 with a S$400 million committed loan facility from DBS Bank Limited (“DBS”). The three-year... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors has approved the company's operations in São Tomé and Príncipe, a country on the west coast of Africa, enabling the acquisition of stakes in 3 exploratory blocks, through a competitive process conducted by Shell. The transaction is part of the scope of the Memorandum... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts of 03/01/2023, 04/27/2023 and 12/22/2023, informs that it will pay today the third installment of the remaining remuneration to shareholders for 2022. The gross amount to be distributed today is R$ 0,56252157 per common and preferred share in the form of dividends. CREDIT INSTRUCTIONS... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has approved a new Social Responsibility Policy, in line with best practices, after an extensive listening process with the participation of the company's various stakeholders. The main changes include: Total attention to people, respect, promotion and due diligence in human rights, effective management of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the press releases published on 03/01/2023 and 04/27/2023, informs that it will pay next week, on 12/27/2023, the third installment of the complementary dividends referred to the 2022 fiscal year, based on shareholding position as of 04/27/2023, in connection to the Material Fact released on that date.... Continue Reading →
Brazil Energy Insight 