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(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 →
(OET) Brazilian state-owned oil and gas giant Petrobras has notched new emissions reduction milestones, thanks to two of its giant fields in the pre-salt of the Santos Basin recording emissions below the world average last year while its carbon capture utilisation and storage (CCUS) efforts paid off, enabling it to get ranked as the largest in... Continue Reading →
BP's interim CEO Murray Auchincloss is expected to stick to the company's plans to shift away from oil and gas following CEO Bernard Looney's abrupt resignation, company sources said. Looney took the top job in February 2020 with a vow to reinvent the British oil giant, and has since led it through a radical transformation with plans to... Continue Reading →
(Reuters)BP CEO Bernard Looney has stepped down after less than four years in office following several allegations of personal relationships with colleagues, the company said in a statement on Tuesday. BP Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis, the company said. "BP plc announces that Bernard Looney has notified... Continue Reading →
(TN) The pre-salt completes 15 years of production in September with renewed vigor – and a perspective of expressive growth in the coming years. To get an idea, Petrobras plans to install 11 new platforms to produce in that layer by 2027. Since December 2022, the company has already put into production two new pre-salt... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA) remains eager to repurchase a refinery from Abu Dhabi state investor Mubadala despite antitrust barriers, and a new biofuels partnership could open the door to future talks, two sources told Reuters. Petrobras on Monday announced a memorandum of understanding with Mubadala for potential investment in a biofuel refinery under development in... Continue Reading →
(Reuters) - BP (BP.L) CEO Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year, despite investors penalizing the group over its plan to break away from rivals in cutting oil and gas output. Taking office in February 2020 with a vow to reinvent the 114-year-old company,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/01/2023, 03/17/2023, 03/29/2023 and 04/03/2023, informs that its Executive Board, based on the new strategic elements approved by the Board of Directors, has adopted the following decisions regarding the respective divestment processes that had not yet reached the stage of signature of the... Continue Reading →
With corporate headquarters in Norway and operational headquarters in the U.S., TGS is actively working on scaling up the efficiency of seismic surveys. To this end, the energy data and intelligence provider is pooling resources with Apparition Geoservices GmbH, thanks to a new long-term collaboration agreement. The exclusive four-year collaboration agreement enables TGS and Apparition... Continue Reading →
