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3R Petroleum registered with the CVM the IPO request for shares on the Brazilian stock exchange. The objective is to raise funds for new acquisitions of oil fields in Brazil and to sustain investments in the revitalization of assets. Starboard, with a stake in the private equity fund Apollo, holds 52.3% of the capital of... Continue Reading →
Offshore drilling contractor Dolphin Drilling has been awarded an $83 million worth contract with Mexican operator Pemex. Dolphin Drilling said on Tuesday that the deal will see its Blackford Dolphin rig utilised in Mexico for the duration of the work. Drilling operations are expected to last around 15 months. Continue reading
As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy companies were spending billions of dollars on major oil and gas assets and costly drilling... Continue Reading →
Offshore drilling contractor Stena Drilling said Tuesday that oil company Tullow had hired one of its drillships for drilling offshore Suriname. Tullow Oil has hired the Stena Forth drillship and will use it to drill one well in Block 47, located approximately 260 km north of the coast of Suriname. Continue reading
At a time when oil production is at historic lows, lenders who want Mexican oil giant Pemex to adapt to climate change are struggling to be heard. Big oil companies such as BP (BP.L), Royal Dutch Shell (RDSa.L) and Repsol (REP.MC) have begun to build strategies to cut the carbon they emit. But state-owned Petroleos... Continue Reading →
China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore. Following the delivery of the Liza Unity hull in late 2019, SWS on Monday delivered the Liza Prosperity hull, the second hull built under SBM Offshore's Fast4Ward standardized-FPSO-hull program. The construction of the FPSO Prosperity hull started... Continue Reading →
Oil and gas giant Shell has tapped digital innovation specialist Bluware Corp for the supply of deep learning technology, which should speed up work with seismic data interpretation. Bluware Corp said it Monday it had deployed the Pickasso proprietary deep learning technology, a custom version of Bluware InteractivAI in Royal Dutch Shell PLC. "Bluware's technology... Continue Reading →
The oil and gas industry is currently enduring one of the most challenging periods in its history. The impact of the COVID-19 pandemic significantly accelerated an existing decline in global demand for hydrocarbons, resulting in the lowest oil prices for 30 years. This has left the industry facing the dual challenge of ensuring successful and... Continue Reading →
Aug 28, 2020 Shell has extended, to the beginning of 2021, the deadline for submitting offers for chartering the FPSO of Gato do Mato, in the Santos Basin pre-salt. The last deadline reported by PetróleoHoje was September 1st. Santos Basin pre-salt project will be developed with FPSO with capacity to produce 90 thousand bopd. Source:... Continue Reading →
Norway's industrial tech solutions provider Kongsberg Digital has signed an enterprise framework agreement with Shell, for the supply of its digital twin software, across the oil and gas giant's upstream, integrated gas, downstream, and manufacturing business lines. "Shell has now signed an enterprise agreement with Kongsberg Digital for digital twin software to be deployed across... Continue Reading →
Brazil Energy Insight 