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Petróleo Brasileiro S.A. – Petrobras informs that the Petrobras Day will be held in Portuguese on November 30th, 2020 and in English on December 1st, 2020, when it will present its 2021-25 Strategic Plan. Petrobras will use the Microsoft Teams tool (link below) for the event. Petrobras Day Portuguese November 30th, 2020 Petrobras Day ... Continue Reading →
Bassoe Analytics, a Norwegian offshore drilling rig data company, said Tuesday it has merged with Greenpact Data. The merged company, called Esgian, has been described as a provider of Environmental, Social, and Corporate Governance (ESG) impact analytics for the energy transition. According to info on its website, Esgian's mission is to create "independent and innovative data... Continue Reading →
Group moves forward in negotiations to acquire its first deepwater project in the Campos Basin. 3R Oil & Gas should acquire the Papa-Terra field in Petrobras' divestment program. Sources linked to the business anticipated that the Brazilian group presented the best proposal in the process, being selected as the preferred leader. The company has already... Continue Reading →
Petrobras informs that it has launched the More Value Program (Programa Mais Valor), a new financial solution tool for suppliers. The pilot started last week and, in November 30th, the tool will be opened to companies interested in anticipating invoices with more competitive rates. The program seeks to stimulate the oil and gas production chain... Continue Reading →
Investments from global exploration and production companies (E&P) in 2021 are projected to reach around $380 billion, almost flat year-on-year, a Rystad Energy report shows. However, about 20 per cent of this amount could be at risk. About 20 per cent or $76 billion of the estimated 2021 investments could be at risk of deferral... Continue Reading →
ARMS Reliability said it has reached an agreement with floating production solutions provider MODEC to assist with optimization and rapid strategy development of asset maintenance management philosophy for MODEC’s newest floating production, storage and offloading unit (FPSO) project for the Bacalhau field, offshore Brazil. The Bacalhau FPSO, the largest ever ordered for Brazil, will be... Continue Reading →
French oil major Total has awarded a conditional letter of award to Danish offshore drilling firm Maersk Drilling for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58. Suriname's Block 58 is where Total, with its partner Apache, has struck several oil discoveries in... Continue Reading →
GeoPark announces that today its Board of Directors has approved an agreement to sell its 10% stake in the Manati gas field in Brazil to Gas Bridge. The total amount of the transaction is R$ 144.4 million, including a fixed payment of R$ 124.4 million and an earn-out of R$ 20.0 million and that the... Continue Reading →
While trying to restructure its debt, offshore drilling contractor Seadrill has managed to agree on the suspension of payments with creditors related to leasing arrangements for three drilling rigs and the corresponding financing agreements. Seadrill said last Friday it had entered into forbearance agreements with certain creditors in respect of the group’s senior secured credit... Continue Reading →
Offshore drilling contractor Noble Holding Corporation has received approval from a bankruptcy court for its reorganization plan. Noble Corp. filed for Chapter 11 bankruptcy protection to restructure its debt in early August 2020 following a severe downturn in commodity prices amid Covid-19 pandemic. The company then in early November 2020 changed its name to Noble Holding Corporation... Continue Reading →
