Rio de Janeiro, January 29, 2018 – Petróleo Brasileiro S.A. - Petrobras informs the volume of its proved petroleum reserves (oil, condensate and natural gas) estimated at the end of 2017 according to ANP/SPE (Brazilian National Agency of Petroleum, Natural Gas and Biofuels / Society of Petroleum Engineers) and SEC (US Securities and Exchange Commission)... Continue Reading →
BP Reshapes Portfolio to Ensure Oil Assets Aren’t Left Undrilled
BP Plc is looking to a future beyond oil as it concedes some crude will be left in the ground. “Not every barrel of oil in the world will get produced,” Bernard Looney, head of the company’s upstream division, said Tuesday. “We’re facing competition from alternative sources of energy like we’ve never had before.” Read... Continue Reading →
CHC’s helicopter to support Statoil’s ops in Brazil
Helicopter operator CHC Group has won a contract with Statoil to support the oil major’s operations in Brazil. CHC said on Monday that the new contract with Statoil, one of Brazil’s largest oil producers, would support Statoil by flying to Operational Area BM-S-8 in the Santos Basin offshore Brazil. The missions will be based out... Continue Reading →
Petrobras announces redemption of three series of Notes
RIO DE JANEIRO, BRAZIL – January 26, 2018 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders of the outstanding 3.000% Global Notes due 2019 (“3.000% Notes”), 3.250% Global Notes due 2019 (“3.250% Notes”) and 7.875% Global Notes... Continue Reading →
TMC to supply marine compressor for SBM Offshore’s new FPSO
International compressor supplier TMC Compressors (TMC) has won a contract from Shanghai Waigaoqiao Shipbuilding (SWS) to supply a marine compressed air system to a newbuild FPSO the yard is currently constructing for SBM Offshore. TMC said on Friday that the scope of work was to provide a compressed air system consisting of 4 x 400... Continue Reading →
Petrobras Announces the Pricing of Global Notes
Rio de Janeiro, January 26, 2018 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully and unconditionally guaranteed by Petrobras.Closing is... Continue Reading →
Guyana to publicly release all oil contracts
Guyana will from now on publicly release all contracts it signs with oil and gas companies, ”as part of its commitment to accountability and transparency in the oil and gas industry.” Still a non-oil producing country, Guyana was recently placed on the world oil map by a string of large offshore oil discoveries made by... Continue Reading →
Shell buying spree cranks up race for clean energy
Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint. Read more
Mexico to open bids for deepwater acreage next week
Mexico will next week hold the opening of bids for awarding its deepwater oil and gas exploration acreage as part of the of the Fourth Tender of Round 2. The event, scheduled for Wednesday, January 31, 2018, involves the tender of 29 offshore contractual areas, tendered as license contracts. The areas are located within the oil provinces... Continue Reading →
Petrobras to join Oil and Gas Climate Initiative
Brazilian national oil company Petrobras is set to join the the Oil and Gas Climate Initiative (OGCI), an initiative launched in 2015 by ten large oil firms to tackle climate change challenges. Petobras’ inclusion is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras Board of Directors. The OGCI’s current... Continue Reading →
