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Petróleo Brasileiro S.A. – Petrobras informs that it released today the new edition of its Climate Change Supplement. The document details information regarding Petrobras' emissions performance in 2021, in addition to the progress made in indicators related to sustainability commitments. It shows how climate change is reflected in the company's strategies and decarbonization initiatives to... Continue Reading →
TechnipFMC has gathered over $6.7 billion in inbound orders in the financial year 2021, a 33.4% increase from the $5 billion in 2020, according to the company’s latest results. The company’s chair and CEO Doug Pferdehirt said that 2021 was a breakout year for TechnipFMc as the full-year adjusted EBITDA was $580 million with a... Continue Reading →
(Reuters) Italian energy services group Saipem pledged on Thursday to cut costs and focus more on its traditional offshore business after it reported a swing to a core operating loss for the last year. Saipem said its adjusted core earnings, or EBITDA, were negative to the tune of 1.192 billion euros ($1.34 billion). That compares... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, authorized the submission to the General Shareholders' Meeting, scheduled for April 13, 2022, the proposal for distribution of complementary dividends equivalent to R$ 2.8610762 gross per outstanding preferred and common share. Considering the anticipations made in August and December... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved on this date the partial prepayment of the Pre-70 Term of Financial Commitment (TFC Pre-70) and Pension Difference Term of Financial Commitment (TCF Pension Difference), celebrated with the Fundação Petrobras de Seguridade Social (Petros), in the amount of R$ 6.882 billion, expected to... Continue Reading →
The FPSO Cidade de Itajaí (CDI), which completes nine years of operation in February, reached the milestone of 1 million m³ of oil produced in Campo de Baúna, in the Santos Basin, since the signing of service and charter contracts with Karoon, in November 2020. The unit operated by the joint venture Altera&Ocyan (a partnership... Continue Reading →
Offshore drilling contractor Seadrill Limited has revealed a timeline for its emergence from the Chapter 11 bankruptcy, expecting it to be this month. After a year of restructuring, Seadrill anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously reported, Seadrill hammered out its plan... Continue Reading →
(OE) Malaysian FPSO specialist Yinson said Tuesday it had signed firm contracts with the Brazilian oil company Enauta for the provision, operation, and maintenance of an FPSO in the Atlanta Field located in the Santos Basin, offshore Brazil. This follows letters of intent between two firms signed in December 2021. Enauta has been producing oil... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, comes to clarify the veracity of the article entitled “3R Petroleum devolve bloco na Bacia Potiguar” published on this date by a private platform for capital market investors (“News”). Regarding the News, the Company... Continue Reading →
Offshore drilling contractor Noble Corporation has secured more work for its drilling rigs, including a conditional award for four of its drillships working for ExxonMobil in Guyana. Looking ahead, the rig owner expects significant sequential growth in the upcoming two quarters with a continued upward trajectory in activity levels and day rates. Noble Corp. on... Continue Reading →
Brazil Energy Insight 