Category: Management

ExxonMobil orders TechnipFMC subsea production system for Guyana project

TechnipFMC has secured a “large” contract by ExxonMobil to deliver a subsea production system for a recently sanctioned oil development project in Stabroek block offshore Guyana. Under the contract awarded by ExxonMobil affiliate Esso Exploration and Production Guyana, TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system for the Uaru project. The... Continue Reading →

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Equinor and Partners Invest $9 Billion in BM-C-33 Offshore Project in Brazil

Equinor, Repsol Sinopec Brasil, and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is approximately USD 9 billion. Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one billion barrels... Continue Reading →

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Brazil’s Petrobras to keep stake in Colombia’s deepwater block Tayrona

(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia's Ecopetrol (ECO.CN) in the Andean country, a Petrobras executive said at a Houston energy conference on Monday. Petrobras and Ecopetrol last year announced a natural gas discovery at the Uchuva-1 deepwater well... Continue Reading →

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Petrobras on shareholders remuneration

– Petróleo Brasileiro S.A. - Petrobras, following the press release disclosed on March 1, 2023, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the distribution of dividends relating to the 2022 fiscal year in the amount of R$17.06202044 per outstanding share (common or preferred). This amount includes payments already made... Continue Reading →

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Petrobras on Organizational Adjustment

Petróleo Brasileiro S.A. - Petrobras, in addition to the release disclosed on 04/06/2023, informs that its Board of Directors approved, in a meeting held today, the Company's organizational adjustment proposal, which will be effective as of May 1st. The proposal has three objectives: (i) prepare the company for the energy transition with the creation of... Continue Reading →

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Petrobras on the Executive Board of Energy Transition and Sustainability

Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 04/06/2023, informs that its Board of Directors elected Mr. Maurício Tolmasquim to the Board of Energy Transition and Sustainability of the Company, which will coordinate the activities of decarbonization, climate change, new technologies and sustainability and will incorporate the commercial activities of natural... Continue Reading →

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Ecopetrol to Use Artificial Intelligence to Boost Oil Exploration Success Rates and Output

(Reuters) Colombia's majority state-owned oil company Ecopetrol will use new technology, including artificial intelligence, to improve exploration success rates and boost output from existing fields, new Chief Executive Ricardo Roa said on Monday. Roa officially took over as CEO on Monday following his appointment earlier this month, replacing former chief Felipe Bayon amid a push... Continue Reading →

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