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(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab hopes to settle details of a tie-up with Mubadala to take back control of the operation of a refinery owned by the Abu Dhabi sovereign investor by the end of the first half of the year, Petrobras' chief executive said on Tuesday. CEO Jean Paul Prates... Continue Reading →
(OE) Aker software company Aize has signed an agreement with ExxonMobil Guyana and SBM Offshore to deploy Aize digital twin software on the floating production storage and offloading (FPSO) units Liza Unity and Liza Destiny offshore Guyana. Aker-owned company Aize will work with its partners transform the traditional approach to TAR (Turnaround) campaigns by strengthening... Continue Reading →
(Bloomberg) – Venezuela said it would respond in a “forceful” way to Exxon Mobil Corp.’s plans to drill in the disputed Essequibo region off the coast of Guyana. Venezuelan Defense Minister Vladimir Padrino said that Exxon’s plan to drill exploration wells in the region will be met with a “proportional, forceful and rightful response,” according to a... Continue Reading →
(OE) U.S.-based oil and gas services firm Helix Energy Solutions has secured the extension of its decommissioning contract with Trident Energy for work offshore Brazil. The contract extension is for an additional 12 months and in direct continuation of the current contract. The extension is expected to begin in the fourth quarter of 2024 at... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the announcement made on 27/12/2023, informs that it has concluded the acquisition of stakes in the 3 exploratory blocks 10, 11 and 13, in São Tomé and Príncipe, Africa, and has signed amendments to the production sharing contracts and Joint Operating Agreements and became part of the consortia... Continue Reading →
(Reuters) - Chevron Corp (CVX.N), opens new tab on Friday beat analysts' earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares in the pre-trading market rose a fraction after the company beat analysts' consensus forecast by 24 cents with adjusted earnings of $3.45... Continue Reading →
(OE) Paratus Energy Services, through its subsidiary SeaMex Holding, has secured a one-year contract for the Titania jack-up rig in Mexico. The new contract will contribute approximately $55 million in backlog and is expected to start around mid-February 2024, Paratus informed. As previously disclosed, the Titania jack-up remained operating under its existing contract with Pemex... Continue Reading →
(PN) 3R announced that it hired Itaú BBA as the company's financial advisor in evaluating the operation. The consultancy includes, together with internal teams and legal advisors, the evaluation of the strategy and schedule, and the analysis of the best corporate structure for implementing the potential transaction, if implemented. As a reminder, the merger proposal... Continue Reading →
(PN) Wood announced today that it has secured an extension of a US$80 million contract with Equinor Brasil. The agreement provides for the provision of maintenance and modification solutions for offshore assets in the Peregrino field, in the Campos Basin. The two-year extension builds on a long-term, global partnership with Equinor, where Wood supports the... Continue Reading →
(OM) Late last month Halliburton Landmark announced it is working with the Petrobras-led Libra Consortium on a digital twin for the presalt Mero Field in the Santos Basin offshore Brazil. The aim is to help reduce capex, speed up production times and improve crude oil recovery using the new insights obtained in a real-time environment. The digital twin, a... Continue Reading →
Brazil Energy Insight 