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Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on October 1, 2020, informs that it has received binding proposals for four refineries: Landulpho Alves (RLAM), in Bahia, Isaac Sabbá (REMAN), in Amazonas, Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR), in Ceará, and Unidade de Industrialização do Xisto (SIX), in Paraná. Additionally,... Continue Reading →
Brazilian oil production decreased 1.2% in October compared to September, totaling 2.874 million barrels per day according to the accounts of the National Petroleum Agency (ANP). Compared to the same month last year, the drop was 3%. As for natural gas, production totaled 130 million cubic meters per day, an increase of 3.8% compared to... Continue Reading →
Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship. Angola’s National Oil, Gas, and Biofuels Agency (ANPG) said last week that BP started drilling at the Platina field, a project that has been waiting to start with execution for several years. The initial date for the start... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will be part of B3 Corporate Sustainability Index (ISE) again. The company will integrate the main Brazilian index under the aspect of corporate sustainability in 2021, which did not occur since 2008. "The return to ISE is a recognition of our efforts and initiatives in the environmental, social... Continue Reading →
Petróleo Brasileiro SA - Petrobras informs that it received, on this date, a favorable partial decision in one of the arbitrations proceeding before the Market Arbitration Chamber (CAM) of B3, initiated by foreign investors who claim financial losses caused by the facts revealed at Lava Jato. This decision promoted the definitive exclusion of seventeen investors... Continue Reading →
(Reuters) - The world’s top energy companies have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition. Exxon Mobil, the largest U.S. oil company, announced... Continue Reading →
(Reuters) - Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce the carbon footprint of its oil extraction activities. Castello Branco has repeatedly said Petroleo Brasileiro SA, as the... Continue Reading →
The floating wind industry, still in its infancy, is set for a 2000-fold increase in installed capacity by 2050, DNV GL said, however, warning that more comprehensive industry standards and risk management is required for the technology to scale. According to the report by risk management and quality assurance company, the cost of floating wind... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Extraordinary General Meeting, held today, at 3:00 pm, exclusively under the digital format, analyzed and approved, by majority vote, the following: I. Amendments to Petrobras' By-Laws and consequent consolidation of the By-Laws, to amend Articles 17, 22, 23, 27, 30, 34 and 47 as proposed by Management.... Continue Reading →
Seadrill Partners LLC said on Tuesday it had filed for Chapter 11 bankruptcy protection as a means to restructure its debt, in another sign of financial difficulties for the wider Seadrill Ltd oil drilling rig group. "The company intends to use the bankruptcy process to ensure that all customer, vendor and employee obligations are met without interruption... Continue Reading →
