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(Reuters) - Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. "I cover Big Oil. I'm a supermajor guy," the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), pursuant to CVM Instruction No. 480, informs its shareholders, investors and the market in general that, on January 27, 2022, the Company's Board of Directors decided to establish two committees to support the Board, namely (i) People and Compensation Committee and (ii) Finance Committee,... Continue Reading →
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy. BP's rebound to an annual profit of $12.85 billion after a large loss in 2020, is... Continue Reading →
Namibia aims to fast-track the development of its first oilfield to have production by 2026 following a significant offshore discovery by Shell, a senior energy official told Reuters on Monday. Shell on Friday said the exploration well off the coast of the southern African country had shown "encouraging" results with the presence of a working petroleum system with light... Continue Reading →
(PetróleoHoje) Shell and the BW Offshore / Saipem consortium are close to concluding the contracting of the FPSO of Gato do Mato, a unit that should start operating between 2024 and 2025. Sources involved confirmed to PetróleoHoje that, after months of negotiations, Modec is out of the process and that the award of the contract... Continue Reading →
Houston-based Vaalco Energy has completed its first of four wells in the 2021/2022 drilling campaign offshore Gabon and brought it into production with strong initial flow rates. The Etame 8H-ST development well was drilled from the Etame platform in the Etame field. This sidetrack well targeted existing Gamba hydrocarbons in the field that have not... Continue Reading →
(Reuters) - The Biden administration is considering a Chevron Corp (CVX.N) proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close to the discussions said. Chevron representatives in recent months held at least one high-level meeting with U.S. diplomats along with Venezuelan opposition envoys, according to... Continue Reading →
Petrobras reached an average of 88% of total load factor of its refineries in the last three months of 2021. In early February, it reached close to 90%. Operational decisions in refining take into account that, for each barrel of oil processed in the refinery, necessarily, several products are generated and subsequently distributed. For example,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 06/30/2021 and 07/05/2021, informs that today it concluded the sale of its entire stake in seven concessions denominated Alagoas Cluster, located in the state of Alagoas, to the company Origem Energia S.A (former Petro+). The operation was concluded with the payment of US$... Continue Reading →
Constellation secured a new charter contract for Olinda Star. The Brazilian group closed a deal with ONGC, guaranteeing 16 months of chartering, after presenting a best price in the bidding conducted by the oil company. The two companies signed a letter of intent at the end of January, but the rig should only start operating... Continue Reading →
