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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 11/22/2016, 03/21/2018 and 12/09/2021, informs that it received today from Equinor Brasil Energia Ltda. (Equinor) the amount of US$ 475 million, equivalent to half of the third installment related to the sale of its stake in the exploratory block BM-S-8, where is located... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with provisions of article 12 of CVM Resolution No. 44, communicates to its shareholders, investors and the market in general that received, on this date, notification from Starboard Asset LTDA. (“Starboard” or “Manager”), manager of 3R Petroleum Fundo de Investimento em Participações Multiestratégia (“FIP... Continue Reading →
(Reuters) - Brazilian private equity firm Starboard Partners is selling 18 million shares in oil company 3R Petroleum Oleo e Gas (RRRP3.SA) in a blocktrade, local newspaper Valor Economico reported on Tuesday, citing unnamed sources. Starboard, which has a 21% stake in 3R Petroleum, did not immediately respond to Reuters queries about the report. 3R shares were... Continue Reading →
(PN) The FPSO Guanabara is almost ready to start oil production in Campo de Mero, located in the Libra Block, in the pre-salt layer of the Santos Basin. The platform will be part of the first definitive system to operate in Mero, the third largest pre-salt field (after Buzios and Tupi). The unit will be... Continue Reading →
(OE) Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol's offshore oil unloading operations following a spill of over 10,000 barrels that has caused widespread environmental damage. Ramirez said the suspension of operations would last until the company "can offer technical guarantees that another spill will not happen." "In addition,... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Tuesday reported a fourth-quarter profit of $8.87 billion, the largest in seven years ago, as the top U.S. oil producer benefited from strong energy prices. The company slashed spending after demand cratered two years ago with earnings in recent quarters jumping above prior levels. On Monday, Exxon disclosed a business... Continue Reading →
Norway-based IKM Subsea has selected Nauticus Robotics’ fully electric work-class manipulator Olympic Arm for its subsea resident remotely operated vehicle (ROV) system. The Olympic Arm is said to increase subsea reliability and capability while extending residency dive time. It also boasts the strength, weight and size characteristics of traditional work-class hydraulic arms without chronic maintenance needs. Adam... Continue Reading →
(OE) Shares in Italian energy services group Saipem continued their slide on Tuesday after a shock profit warning wiped almost a third off their value in the previous session. At 0820 GMT the shares were down 7% after falling more than 30% on Monday. The company, controlled by energy group Eni and state lender Cassa... Continue Reading →
(Offshore Energy) CGX Energy and Frontera Energy have made a discovery at the Kawa-1 well located on the Corentyne block offshore Guyana, reinforcing the belief in the potentially transformational opportunity for the JV in the country. The two have now also committed to drill the second well on the block in the second half of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/28/2022, informs that it signed today with the company 3R Potiguar S.A., a wholly owned subsidiary of 3R Petroleum Óleo e Gás S.A., a contract for the sale of the totality of its stake (100%) in a set of 22 concessions of onshore... Continue Reading →
