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(Reuters) - Larry Fink, chief executive of the world's largest asset manager BlackRock BLK.N, said on Tuesday he backed the UK's recent move to make the reporting of corporate risk related to climate change mandatory, and urged the United States to follow suit. “We welcome the UK Chancellor’s announcement yesterday (of) mandatory TCFD reporting,” Fink told... Continue Reading →
A joint venture between Brazil’s Ocyan and Altera Infrastructure (formerly Teekay) has been awarded a contract by Karoon for the charter of the FPSO Cidade de Itajaí, which is operating on the Baúna field offshore Brazil. As previously reported, Karoon has finally taken over the operatorship of the Baúna field, located in the Santos Basin offshore Brazil.... Continue Reading →
Baker Hughes, Halliburton and Schlumberger signed Bacalhau well contracts with Equinor , in the Santos Basin pre-salt. According to the operator, the average local content is estimated at 74%. - The total value of the services is of the order of US $ 455 million, with a firm term of 4 years and two options... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has broken the S-10 Diesel sales record for the second consecutive month. In October, the company sold 2.01 million cubic meters, 4.8% above the previous record, in September of this year, when sales reached 1.91 million cubic meters. Also in October, the company recorded total Diesel sales... Continue Reading →
The floating offshore wind industry, currently at its beginnings, is set for massive growth in the years to come, which has now led the classification society DNV GL to released the first integrated rule set for floating offshore wind structures. "The rules provide both new entrants and experienced stakeholders a set of well-tested rules and standardized... Continue Reading →
Ocean bottom seismic company Seabed Geosolutions said Monday it had secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil for Petrobras, both covering the Sapinhoa Shared Reservoir in the Santos Basin. The baseline survey will use Eidesvik Offshore's Subsea Viking vessel,... Continue Reading →
(Reuters) - Oil traders rushed to unwind a bevy of bearish bets after Pfizer announced promising results for its COVID-19 vaccine, shaking up energy markets that were primed for demand to sink into the winter on increased lockdowns and rising coronavirus infections. Crude prices plunged this year as global demand was crushed due to travel... Continue Reading →
(Reuters) - As Brazil's state-controlled Petrobras PETR4.SA rapidly boosts oil output and exports, executives are looking to a new market: India. In an interview as part of the Reuters Commodity Trading Summit, Chief Executive Roberto Castello Branco said that crude sales to China - an increasingly vital export market for Brazilian oil - would continue to rise... Continue Reading →
(Reuters) - Petrobras is expected to receive binding proposals on December 10 for its refinery in Rio Grande do Sul, Refap, from the Indian conglomerate Essar Group and local companies Raízen and Ultrapar Participações among potential stakeholders , said people involved in the negotiations. All three companies were pre-qualified for the binding phase of the... Continue Reading →
Joe Biden could erase much of President Donald Trump’s four-year legacy of energy and climate deregulation with the stroke of his pen, according to regulatory experts, but replacing it with something new and durable may prove trickier. Trump’s rollbacks are on shaky ground because most were done not through Congressional lawmaking but via presidential executive... Continue Reading →
