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Shareholders of offshore drilling company Noble Corporation have approved the company's proposed plan to merge with the Danish offshore drilling firm Maersk Drilling. "...at the Extraordinary General Meeting of shareholders held today, shareholders approved all proposals related to the previously announced business combination agreement with [Maersk Drilling]," Noble Corp. said Tuesday. According to Noble Corp,... Continue Reading →
(Reuters) - Brazil's inflation slowed in April but still posted the steepest rise for the month in 26 years, pushing the 12-month figure to over 12% amid continued pressures on food and fuel, official figures showed on Wednesday. Consumer prices as measured by the benchmark IPCA index rose 1.06% in April, slightly above the 1.0%... Continue Reading →
(Reuters) - Colombia will prioritize signing contracts for oil and gas blocks with companies making greater strides to cut carbon emissions, a government official said on Wednesday, adding the country needs to assign an average of 10 blocks a year to maintain fuel self-sufficiency. Colombia's oil and gas industry is a major source of income... Continue Reading →
(Reuters) - Bidding for federal wind energy leases for two areas off the coast of North Carolina and South Carolina kicked off on Wednesday, with each attracting over $2.7 million. The sale - the second such offering this year - is part of the Biden administration's broad push to put wind turbines in federal waters... Continue Reading →
(Reuters) - Angola's crude oil production is forecast at an average of 1.14 million barrels per day (bpd) this year, down from 2021 production of 1.2 million bpd, but the country aims to fulfil its commitments to OPEC+, the oil minister said on Wednesday. "OPEC is still for us a very important forum and we... Continue Reading →
(Reuters) Brazilian President Jair Bolsonaro removed Bento Albuquerque from his role as mines and energy minister early on Wednesday, according to an announcement in an official gazette, and Economy Ministry official Adolfo Sachsida will replace him. Albuquerque, an admiral in the Brazilian navy, had been Bolsonaro's mines and energy minister since the first day of... Continue Reading →
(Reuters) - Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support the oil and gas... Continue Reading →
Offshore drilling contractor Noble Corporation has revealed that its shareholders have endorsed its plan to merge with Maersk Drilling in an all-stock transaction almost unanimously, despite concerns, which were voiced by certain shareholders over this plan in the past. A short time after the two rig owners announced their business combination on 10 November 2021, Cyprus-based S.D.... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) informs its shareholders, investors and the market in general that, on May 10, 2022, the National Petroleum, Natural Gas and Biofuel Agency (“ANP”) approved the transfer of the concession agreements of 14 onshore production fields that form the Recôncavo Cluster (“Recôncavo Cluster”), owned by Petróleo Brasileiro... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/27/2021, informs that today it finalized the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of all the stakes held by both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in the state of... Continue Reading →
Brazil Energy Insight 