(Reuters) - Brazil's Petrobras (PETR4.SA) said on Wednesday it expects to invest $68 billion from 2022 to 2026, a sharp increase from its previous five-year plan, as the state-run oil company seeks to grow oil production from the subsea pre-salt area. The oil production forecast for next year fell slightly, however, with Petroleo Brasileiro SA, as the... Continue Reading →
Brazil: Wood to Keep Maintaining Equinor’s Peregrino Offshore Facilities
Norwegian oil and gas company Equinor has extended the contract with the engineering and consulting firm for the delivery of maintenance solutions across the Peregrino wellhead platforms (WHP) and FPSO, located offshore Rio de Janeiro, Brazil. "This is the third one-year extension awarded to the team, with the contract initially secured in 2015 as a... Continue Reading →
Shell launches shareholder talks to win backing for HQ move, sources say
(Reuters) - Royal Dutch Shell (RDSa.L) has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote. Shell said this month it would scrap its dual Anglo-Dutch share structure and move its head office to London... Continue Reading →
Petrobras clarifies about pieces of news in the media – Capex
Petróleo Brasileiro S.A. – Petrobras clarifies pieces of news published in the media about the increase in its Capex in the 2022-26 Strategic Plan. The Company informs that the values mentioned in the articles are close to the values of the studies assessed by the Executive Board. However, the Strategic Plan is still being analyzed... Continue Reading →
With Chapter 11 emergence in sight, Seadrill reveals new board members
Offshore drilling contractor Seadrill Limited has revealed its new board structure, including former Noble CEO and Subsea 7 CEO, as the company is preparing to emerge from the Chapter 11 bankruptcy, which started in February 2021. Seadrill said on Wednesday that a new, independent, seven-member board of directors will assume leadership of the new parent... Continue Reading →
Petrobras returns to the Dow Jones Sustainability Index
Petróleo Brasileiro S.A. – Petrobras informs that it will once again integrate the Dow Jones Sustainability Index World (DJSI World) of S&P Global's Corporate Sustainability Assessment. Petrobras received the highest score in the Materiality, Environmental Report, Water-Related Risks and Social Report criteria. The company also stood out in the criteria of Climate Change, Operational Eco-efficiency,... Continue Reading →
ABS Consulting Partners with Global Maritime to Provide Life-Cycle Services to Offshore Wind Market
ABSG Consulting Inc. (ABS Consulting), a leading global operational risk management company, and Global Maritime, a marine offshore and engineering consultancy, today announced their alliance to support the United States offshore wind sector. Global Maritime's US subsidiary, American Global Maritime Inc., and ABS Consulting will combine their respective expertise in the maritime market into a... Continue Reading →
Petrobras on Institutional Relations and Sustainability Officer
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the dismissal of Roberto Furian Ardenghy from the position of Institutional Relations and Sustainability Officer, as of 12/15/2021. Rafael Chaves Santos was elected for this position and will take office on 12/16/2021. Rafael Chaves Santos is an engineer,... Continue Reading →
Petrobras on new Ombudsman
Petróleo Brasileiro S.A. – Petrobras informs that on 11/12/2021 the term of the Ombudsman Mário Vinicius Claussen Spinelli, who held the position since November 2015, will end. Petrobras' Board of Directors approved the nomination of Luiz Cristiano Oliveira de Andrade to take over as Ombudsman, starting as of 11/13/2021, for a three-year term, with the... Continue Reading →
Noble Corp. Shareholder to Vote Against Maersk Drilling Merger
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal. The combination is a primarily all-stock transaction where the shares of the combined company will be distributed equally between the current shareholders of Noble and Maersk Drilling. The... Continue Reading →
Brazil Energy Insight 