(PetroleoHoje) 3R Petroleum must submit new development plans (PDs) to reduce royalties and/or extend contracts for newly acquired fields within one year after approval of the Annual Work Programs (PAT), Annual Production Programs (PAD) and Annual Reserve Bulletins (BAR) by the ANP. In an official letter to the agency, the company proposed the presentation of... Continue Reading →
Petrobras concludes obligations in agreement with DoJ
Petróleo Brasileiro S.A. – Petrobras announces that it has concluded the obligations set forth in its agreement with the U.S. Department of Justice (“DOJ”), previously disclosed in its 09/27/2018 release. The non-prosecution agreement, which related to Petrobras’ internal controls, accounting records, and financial statements during the period from 2003 to 2012, included certain obligations to... Continue Reading →
Bristow names retired military man as area manager in Guyana
Offshore aviation services provider Bristow Group has named a retired Guyana Defence Force Air Corps commanding officer as the Guyanese area manager. Bristow reported on Wednesday that it had appointed the retired Commanding Officer of the Guyana Defence Force Air Corps, Courtney Byrne, with 28 years of military experience as the area manager in Guyana. Byrne... Continue Reading →
Petrobras on Transpetro
Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors of its subsidiary Petrobras Transporte S.A. (Transpetro) received a letter of resignation from Gustavo Santos Raposo as CEO of the company, with effect from September 24, 2021. Transpetro's Board of Directors will deliberate on the nomination of Transpetro's Service Director, Luiz Eduardo Valente, to... Continue Reading →
Subsea 7 Names New CFO
Offshore installation services provider Subsea 7 said Tuesday that its Chief Executive Office Ricardo Rosa would retire from his position at the end of December 2021. He will be succeeded from January 1, 2022, by Mark Foley. Foley joins Subsea 7 from Petrofac where he held the position of Group Financial Controller and SVP Finance... Continue Reading →
BP names Dotzenrath to lead renewables growth after Sanyal departure
(Reuters) - BP (BP.L) named Anja-Isabel Dotzenrath, a former chief executive of RWE Renewables, to oversee the British company's rapid expansion into renewable energy following the unexpected departure of BP's head of low carbon and natural gas Dev Sanyal. Dotzenrath's appointment comes at a time when BP, under the leadership of CEO Bernard Looney, seeks to rapidly... Continue Reading →
Subsea 7-OHT link-up gathers executive team
Subsea 7 has revealed the proposed executive team for Seaway 7, the company set to be created by the planned combination of OHT and Subsea 7’s Renewables business unit. Seaway 7 will be managed by an experienced executive team led by Stuart Fitzgerald as chief executive officer (CEO). Current OHT CEO Torgeir E. Ramstad will... Continue Reading →
Petrobras on co-participation in the costing of the health plan
Petróleo Brasileiro S.A. – Petrobras informs that the Brazilian Congress approved yesterday the Legislative Decree that suspends the effects of CGPAR Resolution No. 23, a rule that was in effect since January 26, 2018 and established, among other issues, guidelines and parameters for the federal state-owned companies' funding of employees' health care benefits. The health... Continue Reading →
Offshore Equipment Firm Dril-Quip Names New CEO
Offshore drilling equipment specialist Dril-Quip, has named Jeffrey J. Bird as its new President and Chief Executive Officer. Effective as of January 1, 2022, he'll replace Blake T. DeBerry, who will step down at that time. DeBerry will continue to serve as Chief Executive Officer and as a member of the Board until December 31,... Continue Reading →
Nearly 94 pct of Gulf of Mexico oil output still offline after Hurricane Ida
While some of the oil production in the U.S. Gulf of Mexico has been brought online following Hurricane Ida, which swept across the Gulf coast earlier this week, nearly 94 per cent remains offline. The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said in its latest update, published on Tuesday 31 August, that personnel had... Continue Reading →
Brazil Energy Insight 