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For the first time, Operation Lava Jato investigates the Exploration and Production sector at Petrobras. The Federal Police carried out 25 search and seizure warrants in the 75th phase of the operation, named Boeman - a reference to the mythical creature from Holland popularly known as the bogeyman. Twenty warrants are being fulfilled in Rio... Continue Reading →
Siemens expects Siemens Energy to reach a market value of significantly more than 17 billion euros ($19.98 billion) when it floats on the Frankfurt stock exchange next week, a source close to the company said. The consensus forecasts for the value of the business, which makes gas and wind turbines, is 21 billion to 22... Continue Reading →
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said. Rystad said on Tuesday that oil and gas majors were revising their long-term oil price and demand outlook and that they need to streamline... Continue Reading →
Oil major Shell and tech giant Microsoft are embarking on a new strategic alliance to support progress towards a world with net-zero emissions. Joining other oil majors like BP and Equinor, Shell revealed its plans to become a net-zero emissions energy business by 2050 or sooner back in April 2020. Shell and Microsoft said on Tuesday that... Continue Reading →
September 23, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of hydrocarbons in the pioneer well of block C-M-657, located in the pre-salt of the Campos Basin. Well 1-BRSA-1376D-RJS (Naru) is located approximately 308 km from the city of Rio de Janeiro, in water depth of 2,892 meters, being... Continue Reading →
Efforts to increase remote capability often go hand in hand with increasing ROV residency. But exactly what form residency takes is diverging. Elaine Maslin takes a look. Dial back the clock five years and there was a movement towards an idea dubbed subsea resident remotely operated vehicles (ROVs). The idea, in simple terms, is that... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, reiterates that it has not yet been defined the moment to launch the secondary public offer (follow on) aimed at the sale of the entirety of its remaining 37.5% stake in the capital stock of Petrobras Distribuidora S.A. (BR Distribuidora). The... Continue Reading →
Sept 22, 2020 Petrobras has postponed the delivery date of the bidding proposals for the acquisition of up to 53 sets of wet Christmas trees (ANMs) for the pre-salt layer and 17 electro hydraulic distribution units (UDEHs). The new scheduled date is November 30th. Divided into two different lots, Petrobras will acquire in Lot 1... Continue Reading →
Sept 22, 2020 Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said. Rystad on Tuesday somewhat upgraded its expectations for 2020 too, and now expects... Continue Reading →
Sept 22, 2020 Spanish oil firm Repsol has awarded a drilling contract to offshore drilling contractor Stena Drilling for a drilling campaign in Mexico. Stena Drilling said Monday that it had signed a contract with Repsol after a competitive tender exercise, for the use of the Stena IceaMax drillship. Repsol will use the rig to... Continue Reading →
