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(Reuters) - France's Total TOTF.PA on Wednesday said it would hike its annual investments in renewable energy and electricity by 50% as it cuts its reliance on oil and aims to become a major low-carbon power producer. Faced with gloomy long-term prospects for oil demand, Total has been accelerating a push into alternative sources of revenue, with... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil, partners in the offshore routes in the pre-salt Santos Basin, will announce contracts for sharing the natural gas pipeline and processing plants. Today, a virtual event will be held with the presence of Petrobras’ CEO, Roberto Castello Branco,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 21, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of five¹ onshore field concessions, with integrated facilities, jointly called the North Capixaba Cluster, located in the state of Espírito Santo. Potential... Continue Reading →
Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil. Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport... Continue Reading →
In view of the facts revealed in the 75th phase of Operation Lava Jato related to the Golar Power Group, Petrobras informs that a review of this supplier's Integrity Analysis is in progress. This analysis is done regularly with all the company's suppliers and assigns different Degrees of Integrity Risk (GRI). Any change in the... Continue Reading →
The week starts with lots of news about the Mero field, in the Santos Basin pre-salt. Petrobras announced it has applied with Ibama for the Installation License for the FPSO Sepetiba, the second definitive production unit in Mero. Earlier, as we reported, the state company announced that it obtained the license to install the second... Continue Reading →
Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5 billion ($12.8 billion) that could potentially be monetized, including through sales, and started a review of its loss-making offshore and marine (O&M) business. The plans unveiled on Tuesday are part of Keppel's 10-year strategy that it had flagged earlier this year to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 24, 2020, informs the beginning of the non-binding phase regarding the sale of all of its stakes in a set of twenty-six onshore and shallow water production field concessions, located in the Potiguar Basin, in the state of Rio Grande do Norte... Continue Reading →
The cost to Brazil’s government of servicing its ballooning domestic debt fell to an all-time low in August, official figures showed on Monday, following the drop in official interest rates and a dramatic shortening of the debt profile. Treasury also said it is monitoring the short-term, floating rate “LFT” market closely, and expects it to... Continue Reading →
Equinor announced the final investment decision for the development of the Breidablikk field, a major oil discovery in the North Sea. The contract for subsea production facilities was awarded to Aker Solutions. The contract covers the delivery of four subsea templates and up to 23 subsea trees and associated components. Aker Solutions do Brasil will... Continue Reading →
