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This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29.1 gigawatts total installed by 2035. That means... Continue Reading →
(Reuters) Brazilian oil company PetroRecôncavo is exploring the possibility of an initial public offering (IPO), three sources said, in a move that illustrates companies' thirst for resources amid a wave of sales of assets in the oil and gas industry in Brazil. The company, based in Salvador, has been working with the support of the... Continue Reading →
Hess Corporation said it is encouraged by the exploration success of Apache and Total in Suriname’s Block 58 where three discoveries have so far been made and the search for more hydrocarbon continues. John Hess, CEO of Hess Corporation said Suriname is in the early stages of its offshore development, like where Guyana was in... Continue Reading →
Petro Rio S.A. (“Company”) hereby informs its shareholders and the market in general, in compliance with CVM Instruction No. 358, of January 03, 2002, in addition to the Material Facts “Restatement of the Financial Statements” and “Resolutions of the Board of Directors’ Meeting” disclosed on August 27 2020 and November 3, 2020, respectively, that, on... Continue Reading →
The ANP held today the public session of the 2nd Permanent Offer Cycle. 17 exploratory blocks were purchased in six basins (Campos, Paraná, Amazonas, Espírito Santo, Potiguar and Tucano) and an area with marginal accumulations (Juruá, from the Solimões Basin). Together, the 18 areas will receive minimum investments of more than R$ 160 million. For... Continue Reading →
Petrobras President Roberto Castello Branco defended changes in the rules for oil exploration and production in Brazil, which he classifies as unattractive to business. For him, the sharing regime must be extinguished. Castello Branco participated in an online chat at Rio Oil & Gas, the largest event in the oil and gas sector in Latin... Continue Reading →
Eni has entered into agreements with Equinor and SSE Renewables to acquire 10 per cent stake in Dogger Bank A and B from each, which will lead to a shareholding setup of SSE and Equinor each owning 40 per cent and Eni holding 20 per cent in the first two phases of what will become... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, regarding the divestment of the Urucu Cluster, clarifies that it has received binding proposals from 3R Petroleum Óleo e Gás S.A. (3R) and Eneva S.A. (Eneva). The proposals are being evaluated by the company, which will subsidize its decision about the... Continue Reading →
(Reuters) - Brazil’s Petrobras could expand its operations into neighboring Guyana, if the regulatory environment does not improve in Brazil, CEO Roberto Castello Branco said on Thursday, the first official admission of interest in the hot frontier oil play. Petroleo Brasileiro SA, as the company is formally known, has exploration interests off Brazil’s northern coast.... Continue Reading →
(Reuters) - U.S. oil major Chevron Corp on Thursday cut billions off its long-term capital and exploratory budget after a major restructuring of its operations in a bid to ride out a collapse in oil prices and preserve its dividend. Reeling from a sharp decline in oil demand and revenue due to the COVID-19 pandemic,... Continue Reading →
