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(Reuters) Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed as the coronavirus pandemic hit travel and economic activity.Typically,... Continue Reading →
U.S. oil and gas giant ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 wells located in the prolific Stabroek block offshore Guyana. In a statement on Wednesday, ExxonMobil confirmed that the Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838... Continue Reading →
BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects using BW Ideol’s patented Damping Pool technology over the next 5 years. JERA is Japan’s largest utility company, and ADEME... Continue Reading →
Petrobras created the RES20 program, enabling to recover up to 20 billion barrels of oil equivalent (boe) in its operational fields by 2030. The program was created with a focus on the incorporation of new reserves and targets the main oil fields of the company. To date, in nearly seven decades of the company's operations... Continue Reading →
(Reuters) - Brazil's 2022 general elections will not influence the fuel pricing policy of Petrobras, the chief executive of the state-run oil company told Reuters on Thursday. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, officially sets domestic fuel prices in line with international prices, although it allows a brief decoupling when global prices... Continue Reading →
Brazil has always pushed the boundaries of deepwater exploration and production – and it’s still doing so today. With some of the world’s largest deepwater reservoirs, that are often complex in themselves, it’s had to come up with new solutions. Elaine Maslin found out more from André Lima Cordeiro. (OE) Petrobras has often led the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the dismissal of Nicolás Simone and elected Juliano de Carvalho Dantas as Chief Digital Transformation and Innovation Officer, who will take office on 01/01/2022. Juliano de Carvalho Dantas studied mechanical engineering at UFRN (Federal University of Rio Grande... Continue Reading →
Ocyan signed a new contract with Petrobras to provide construction and assembly services on platforms P-09, P-26, P-32, P-33 and P-37, all in the Campos Basin. The contract takes effect in early 2022 and is valid for three years, renewable for a further 640 days. Initially, more than 200 vacancies will be opened for different... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on September 29 and December 8, 2021, informs that its Board of Directors approved the allocation of R$ 270 million that will be used throughout 2022 in the social program of access to cooking gas cylinders (liquefied petroleum gas - LPG) for vulnerable families.... Continue Reading →
(Reuters) - A Brazilian police investigation of alleged bribery of Petrobras employees to fix the price of fuel sold to JPMorgan Chase & Co (JPM.N) by the state-run oil firm has expanded from one deal to at least four over the course of 2011, according to documents and two law enforcement officials. Previously unreported invoices related to... Continue Reading →
