Brazil’s 3R Petroleum subsidiary agrees on $500 mln loan to pay for Potiguar oil field

3R PETROLEUM ÓLEO E GÁS S.A. (“Company”), informs its shareholders, investors and the market in general that, on this date, its wholly-owned subsidiary 3R Lux, a private limited liability company (société à responsabilité limitée) formed under the laws of Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies (Registre de commerce... Continue Reading →

Petrobras leapfrogs oil majors in dividend payouts by more than 50%

(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) will distribute at least twice as much as the biggest international oil producers in second quarter dividends, boosting the government's coffers amid a tense presidential campaign. The five biggest Western oil producers - Exxon Mobil Corp (XOM.N), Chevron Corp. (CVX.N), Shell PLC (SHEL.L), TotalEnergies (TTEF.PA) and BP (BP.L) - posted record cash distributions to shareholders in... Continue Reading →

Transocean books two new drillship deals, Petrobras 10000 and Deepwater Conqueror

With the recovery in the offshore drilling market underway, Transocean has secured new long-term contracts for two of its ultra-deepwater drillships, adding over $1.24 billion to its backlog. Transocean said on Monday that the ultra-deepwater drillship, Petrobras 10000, received a 5.8-year contract for work offshore Brazil with a national oil company. The contract adds an estimated... Continue Reading →

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