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Brazil's oil production is expected to reach 3.5 million barrels per day by the end of 2022, compared to 3.3 million bpd in early 2020, Goldman Sachs analysts projected in a report on Sunday, which already considers effects recent review of the Petrobras project portfolio. "In general, we are raising our production expectations for the... Continue Reading →
U.S. oil giant Exxon Mobil said on Monday it plans to reduce its European workforce by up to 1,600 across the company's affiliates by the end of 2021 as part of its global review. Exxon said country-specific cuts will depend on the oil major's local business footprint and market conditions, after the COVID-19 pandemic hammered... Continue Reading →
MEXICO CITY (Reuters) - Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy. The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since... Continue Reading →
(Reuters) - Golar Power said on Friday that it rejects the process that culminated in its disqualification by Petrobras of a bid to lease a regasification terminal for the state-owned company in Bahia, and stressed that it will file an appeal to return participate in the dispute. If this is not enough, the company also... Continue Reading →
Petrobras readies new hires involving the next Petrobras platforms for the Brazilian pre-salt. In particular, the contracts related to the three future units that will be installed in the Búzios field (P-78, P-79 and FPSO Almirante Tamandaré), in the Santos Basin. In the next six months, the state company plans to launch tenders for the... Continue Reading →
TechnipFMC has appointed Arnaud Pieton as President and CEO-elect, Technip Energies, effective immediately. As a result, the company has also appointed Jonathan Landes to the role of President – Subsea. Pieton has been with the company since 2004 and held multiple leadership positions, including vice president, Projects. He most recently served as the TechnipFMC’s president,... Continue Reading →
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on February 4, 2020, informs that its indirect controlled company, Petrobras Uruguay Sociedad Anónima de Inversiones (PUSAI), signed today with DISA Corporación Petrolífera S.A. (Disa), a contract for the sale of its entire stake in Petrobras Uruguay Distribuición S.A. (PUDSA), in Uruguay. The value... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 01/14/2019, informs that the Federal Supreme Court judged, by majority of votes, dismissing the direct action of unconstitutionality (ADI 5942/DF) that questioned the Decree 9,355/2018, edited to regulate the special procedure for assignment of rights to exploration, development and production of oil, natural... Continue Reading →
Pre-salt production in August set a record for the second consecutive month, both in oil and natural gas production. In total, 2,776 MMboe / d (million barrels of oil equivalent per day) were produced, with 2,201 MMbbl / d (million barrels per day) of oil and 91.398 MMm3 / d (million m3 per day) of... Continue Reading →
