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(Reuters) - Petrobras' (PETR4.SA), opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-run firm looks to rebuild oil and gas reserves. Melgarejo told Reuters that the 2025-2029 plan, which is currently being drafted, does not foresee... Continue Reading →
High-technology offshore wind companies Rovco and Vaarst have entered into merger, creating a new brand Beam to boost their offshore wind services. In uniting their capabilities across research, development, and deployment, Beam will provide innovative automation technologies to service offshore wind, and deliver efficiencies and reduced costs for survey and subsea work across all lifecycle... Continue Reading →
(Reuters) Offshore drilling contractor Seadrill is looking to buy more assets or create a larger player by merging with peers, the company's CEO said on Wednesday. Norwegian-born billionaire John Fredriksen lost the control of the company, once the world's largest driller by market cap, to its creditors over two debt restructurings since 2014. Now a... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that the Company's new brand will be Brava Energia and that its shares will start trading on B3 under the code BRAV3 and with the new trading name BRAVA,... Continue Reading →
(Reuters) An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said. Chevron last October offered to pay $53 billion for Hess, one of the two biggest deals in the largest wave of consolidation... Continue Reading →
Brazilian oil and gas companies Enauta and 3R Petroleum have completed all conditions for the previously announced merger, which is set to be finalized on July 31, 2024. The merger follows the memorandum of understanding (MoU) the companies signed in April, involving the integration of Enauta and 3R’s activities, as well as the transactionfor merger... Continue Reading →
(Reuters) - Oil producers Chevron Corp (CVX.N), opens new tab and Hess Corp (HES.N), opens new tab expect the U.S. Federal Trade Commission will review their proposed merger in the third quarter, the companies said in a statement on Thursday. Bloomberg News reported earlier on Thursday the FTC planned to delay its decision on whether to block Chevron's $53-billion... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R”) and ENAUTA PARTICIPAÇÕES S.A. (“Enauta” and, jointly with 3R, the “Companies”), under the terms of CVM Resolution No. 44, August 23, 2021, following the material facts disclosed on April 1 and 9, 2024, May 17 and 22, 2024, and June 26, 2024, regarding the transaction involving the merger... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R”) and ENAUTA PARTICIPAÇÕES S.A. (“Enauta” and, jointly with 3R, the “Companies”), under the terms of article 157, §4, of Law No. 6,404, December 15, 1976 (“Brazilian Corporate Law”), CVM Resolution No. 44, August 23, 2021, following the material facts disclosed on April 1 and 9, 2024, and May 17,... Continue Reading →
(OE) Norwegian seismic firms TGS and PGS have received approval from the UK Competition and Markets Authority, securing final regulatory approval for the creation of ‘premier’ energy data company. The approval for the merger from the UK Competition and Markets Authority (CMA) follows the one issued by the Norwegian counterpart in April 2024. The clearance... Continue Reading →
Brazil Energy Insight 