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(Reuters) - Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative - dubbed the Net Zero Standard for Oil and Gas - details 10 required... Continue Reading →
The independent oil company 3R announced (13) that it reached the highest gross production measured in the fields of Macau, in the Potiguar basin (RN). In addition, the company also recorded the highest oil production measured by flow meters at its metering stations in such concessions. However, this increase in volume was not reflected in... Continue Reading →
(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 →
(Reuters) - Chevron Corp (CVX.N) said on Tuesday it has tripled its low-carbon investment to $10 billion through 2028, as global oil companies rush to shift away from the fossil fuel due to the mounting pressure from investors and environmentalists. "With the anticipated strong cash generation of our base business, we expect to grow our dividend, buy... Continue Reading →
SBM Offshore's Liza Unity FPSO, which last week set sail from Singapore en route to Guyana, has been awarded the SUSTAIN-1 notation by classification society ABS – the first FPSO in the world to receive it. According to ABS, the SUSTAIN-1 notation demonstrates the vessel’s alignment with key elements of the Environmental, Social, and Governance... Continue Reading →
(Reuters) - Ecuador's state oil company Petroecuador is facing arbitration claims stemming from contractual disputes with two private contractors, the company said on Friday, adding that the processes would not affect crude output. Kamana Services and Servicios Petroleros Igapó separately presented claims stemming from disputes over services contracts signed with Petroecuador in 2016 to the... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →
(Bloomberg) --Mexico President Andres Manuel Lopez Obrador is raising Pemex’s spending plan for next year to about $32 billion in a bid to boost flagging oil production. The funds allocated for the state producer in a 2022 budget proposal, including operational spending, represent a 17% increase from this year. Of the total, about $18 billion... Continue Reading →
The National Agency for Petroleum, Natural Gas and Biofuels (“ANP”) published, on 07/27/20121, the edict for the 17th Bidding Round for Exploratory Blocks. 92 (ninety-two) blocks will be offered, distributed in 4 (four) sedimentary basins, located in the Campos, Pelotas, Potiguar and Santos basins, with areas of high potential and new exploratory frontiers. Among the... Continue Reading →
Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana. Keppel Shipyard, responsible for the construction and integration of the topside modules with the China-built FPSO hull said Thursday it had delivered the FPSO to SBM Offshore. Once in Guyana, the FPSO will... Continue Reading →
Brazil Energy Insight 