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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 7, 2020, informs the beginning of the binding phase regarding the sale of its entire stake in the fields in shallow waters of Tuna, Curimã, Espada and Xaréu (Ceará Cluster), located in the state of Ceará. Potential buyers qualified for this phase... Continue Reading →
Total is seeking to sell stakes in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said. Total could raise around $300 million from the sale of its 20% stake in Angola's offshore Block... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all of its stakes in a set of twenty-eight onshore production field concessions, with integrated facilities, located in the Recôncavo and Tucano Basins, in different municipalities of the state of Bahia, jointly called the Bahia... Continue Reading →
Looking at different energy visions of the two U.S. presidential candidates, Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed. The U.S. presidential election of 2020 comes amid a pandemic that has ravaged energy markets and the two main candidates have very divergent... Continue Reading →
The United States has assured Italian oil company Eni SpA that efforts to prevent a spill at a floating crude facility in Venezuela would not run afoul of sanctions, the company, and the U.S. State Department said on Monday. Images in recent months showing the Nabarima floating storage and offloading facility (FSO), part of the... Continue Reading →
(Reuters) British oil major BP is close to selling its central London headquarters for about 250 million pounds [around $324,4 million] as the coronavirus pandemic has forced the company to cut costs, the Financial Times reported on Tuesday. The office, located at St James' Square, which houses about 500 employees is under offer to Lifestyle... Continue Reading →
Message from the Management “In this quarter, we continued to focus on keeping our operations safe and reliable, protecting the health of our employees and contractors on board, reducing the risk of Covid-19 spreading in our operations and minimizing the impact on our business. At the same time, we delivered the review and adjustment of... Continue Reading →
Baker Hughes Co said on Tuesday it would buy Compact Carbon Capture AS in a bid to expand its footprint beyond oil and gas oilfield services as it prepares for a transition to a low-carbon future. Facing pressure from shareholders worried about the climate impact of fossil fuel and a plunge in oil and gas... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, reinforcing the growing importance of the transition to low carbon in the company, informs the creation of the Climate Change Executive Management, which will be responsible for leading actions related to carbon management, reduction of air emissions, energy efficiency and climate change. The new structure will be linked to Mr.... Continue Reading →
The term of reference (TR) for offshore wind farms is now available to interested companies, according to Ibama's environmental licensing coordinator, Roberta Cox. The official release of the document is scheduled for November. The TR presents reference information and guidelines for the preparation of the Environmental Impact Study and the Environmental Impact Report (EIA /... Continue Reading →
