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(Reuters) - Chevron Corp (CVX.N) said on Monday it will buy smaller rival Hess Corp (HES.N) in a $53 billion all-stock deal, putting the company head to head with rival Exxon (XOM.N) in two of the world's fastest growing oil basins - shale and Guyana. The deal comes weeks after Exxon made a $59.5 billion offer for Pioneer Natural Resources (PXD.N) that would make it the biggest... Continue Reading →
(OET) Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, together with Aker, developed and negotiated NOK 9.7 billion (almost... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has approved, by majority vote, the submission of a proposal to revise its Bylaws to the Extraordinary General Meeting (EGM), to be convened in due course. The objectives of the revision of Petrobras' Bylaws are to create a capital remuneration reserve; to make explicit... Continue Reading →
(OET) Brazilian state-owned oil and gas giant Petrobras has awarded compatriot offshore oil and gas services provider Ocyan with a contract to carry out the revitalization of a network of gas pipelines in the Campos Basin. The contract, valued at approximately $317.49 million, is expected to last four and a half years and will revamp the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has approved a restructuring of its Governance and Compliance Office, and that its structure will be strengthened as of November 6. The new structural design creates the executive management of Disciplinary Accountability, the general management of Strategic Information and Monitoring of Integrity Systems and a management specialized... Continue Reading →
Founded on October 3, 1953, Petrobras developed alongside Brazil and became the largest company in the country, an icon for Brazilians. An international reference in the oil and gas sector, the company has achieved notable achievements and has become a company of global relevance. The boosting of the energy industry, the discovery of the pre-salt,... Continue Reading →
U.S.-based developer of ocean robots Nauticus Robotics has secured term loan financing of up to $20 million from existing investors that will be used to bolster the commissioning and commercialization of its fleet. Nauticus Robotics entered into a senior secured term loan agreement with existing stakeholders Transocean, ATW Partners, Material Impact, and RCB Equities which provides the... Continue Reading →
(OET) Transocean Aquila Limited, a wholly-owned indirect subsidiary of Transocean, has kicked off a multi-million dollar private offering of senior secured notes due 2028. The firm will use the net proceeds from the notes to partially finance the construction, acquisition, and improvement or alteration of a newbuild ultra-deepwater drillship and to fund the initial debt... Continue Reading →
(OE) Argeo, a provider of robotic and digital solutions for the ocean space, and Shearwater GeoServices, a global provider of geophysical marine seismic acquisition and processing services, have entered a strategic alliance for innovating and pioneering new technology and products across the subsea and marine seismic markets. The alliance said it aimed to drive innovation across... Continue Reading →
(Reuters) Shell CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments in renewable energy, sparking an internal debate. The open letter, posted earlier this month on Shell's internal web and seen by Reuters this week, comes... Continue Reading →
Brazil Energy Insight 