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(Reuters) - Golar Power said on Friday that it rejects the process that culminated in its disqualification by Petrobras of a bid to lease a regasification terminal for the state-owned company in Bahia, and stressed that it will file an appeal to return participate in the dispute. If this is not enough, the company also... Continue Reading →
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first... Continue Reading →
Pre-salt production in August set a record for the second consecutive month, both in oil and natural gas production. In total, 2,776 MMboe / d (million barrels of oil equivalent per day) were produced, with 2,201 MMbbl / d (million barrels per day) of oil and 91.398 MMm3 / d (million m3 per day) of... Continue Reading →
Letícia Andrade takes over the interim presidency of Equinor Brasil, accumulating with her position of vice president of Strategy and Portfolio, and replacing Margareth Øvrum, who will represent Brazil in the Equinor executive committee until December 31 , when she will retire. Margareth Øvrum replaced Anders Opedal in 2018 in charge of the company in... Continue Reading →
Equinor canceled on Wednesday the tender for chartering a 3,000 m water depth drill rig for the Bacalhau development wells campaign in the Santos Basin surprises market. The oil company had already received the bidding proposals and, according to PetróleoHoje sources, had exclusive and advanced negotiations with Seadrill. Source: PetroleoHoje
Margareth Øvrum, Executive Vice President of Equinor's Development and Production Brazil business, has joined the oilfield services firm TechnipFMC's Board of Directors, effective October 1, 2020. Øvrum, 62, has over 38 years of experience at the Norwegian energy giant, currently serving as Executive Vice President of Equinor, Development and Production Brazil. She will retire from... Continue Reading →
Pipeline coatings company Shawcor will deliver thermal insulation and anti-corrosion coating services for the ExxonMobil-operated Payara development offshore Guyana. ExxonMobil, with its partners Hess and CNOOC, sanctioned the development of the Payara oil field earlier this week. The contract, awarded to Shawcor's pipe coating division by the Italian offshore oilfield services firm Saipem, is worth between 55... Continue Reading →
Norwegian oil and gas firm Equinor plans to cut its exploration staff by about 30% globally by 2023 to reduce costs as the COVID-19 pandemic reduces demand for petroleum, the company said on Friday. Equinor said it wanted to focus on selected areas when searching for new oil and gas resources, including Norway, Brazil, and... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 08/03/2020 and 09/29/2020, informs that on September 30, 2020, the Public Session was held in person to open the commercial bids of the bidders interested in the leasing of the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, and the following companies attended:... Continue Reading →
The construction has started in Norway of what will be the world's largest floating wind farm - the Hywind Tampen. Norway's Prime Minister Erna Solberg and Kværner apprentice Arne Linga officially kickstarted the construction work by starting the cutting robot on the project's first sheet of steel on Thursday, 1 October. Kværner is responsible for... Continue Reading →
Brazil Energy Insight 