Sept 18, 2020 The former director general of the National Petroleum Agency, Décio Oddone, was appointed to assume the presidency of Enauta. Final approval of the executive's name still depends on approval by the company's Board of Directors, which will meet on Monday (21) to confirm the nomination. Oddone left the ANP at the end... Continue Reading →
Solstad Offshore receives early charter termination for ‘Normand Maximus’
Sept 18, 2020 Norwegian vessel owner Solstad Offshore has received a notice of early termination of the charter party for the one of its vessels from Italian offshore contractor Saipem. Solstad Offshore said on Thursday that the vessel in question was the offshore construction vessel Normand Maximus. The vessel, at the time of construction, was... Continue Reading →
Maersk Drilling sets 50 pct CO2 emissions decrease target
September 18, 2020 Danish offshore drilling company Maersk Drilling has set a target of lowering the intensity of CO2 emissions from its drilling operations by 50 per cent by 2030. Maersk Drilling on Thursday that the target was supported by the company’s strategic focus on efficiency gains, which also leads to reduced CO2 emissions. Jørn... Continue Reading →
Offshore Wind Turbines: Size Really Matters, Rystad Says
Sept 18, 2020 With the offshore wind industry growing, even during the global pandemic, offshore wind turbines are expected to grow in size and capacity, too, and Rystad Energy believes bigger is better. As previously reported, Siemens Gamesa in May announced the launch of what will be the world's largest offshore wind turbine, the SG 14-222 DD offshore... Continue Reading →
Around 11000 Workers to Leave Petrobras by 2021-end
Sept 18, 2020 Approximately 11,000 employees of Brazilian state-run oil company Petrobras have accepted buyout packages and will leave the firm this year or next, Chief Executive Roberto Castello Branco said during an online event on Thursday. That number, which represents about a quarter of the company's workforce, is a slight increase from the 10,000... Continue Reading →
PETRO RIO MATERIAL FACT UPDATE ON SENIOR NOTES OFFERING
September 17, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the Securities and Exchange Commission (“CVM”) Instruction No. 358, of January 3, 2002, as amended, and in addition to the material fact disclosed on September 10, 2020, informs its shareholders and the market in general that it has chosen to interrupt... Continue Reading →
Petrobras on sale of fertilizer unit in Paraná
September 17, 2020 Petróleo Brasileiro S.A. – Petrobras, informs that it has started the opportunity disclosure stage (teaser), referring to the sale of all its shares in the company Araucária Nitrogenados S.A. (ANSA), in the state of Paraná. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection... Continue Reading →
PETROBRAS EXTENDS DEADLINE FOR SUBMISSION OF PROPOSALS IN MEGA TENDER FOR FLEXIBLE RISERS
Sept 17, 2020 An extra time for competitors who wish to participate in Petrobras' mega tender to contract more than 560 km of flexible risers. The Brazilian state-owned company decided to postpone the date for opening envelopes to January 6 of next year. Previously, the deadline was set for October 2. As we reported, the... Continue Reading →
Petrobras in negotiation for two rigs
Sept 17, 2020 After months of delays, bidding for chartering drilling units for water depths of 2,400 m to 3,000 m advances, launched by the oil company in October 2019. Petrobras will contract two rigs for projects operated in consortium, one from Diamond and the other from Seadrill. Source: PetroleoHoje
Oil trader Vitol projects rapidly shrinking stockpiles by year’s end
Sept 16, 2020 The world’s biggest independent oil trader says global stockpiles of the commodity will keep shrinking, offering a starkly more bullish view of the crude market than some of its rivals. Vitol Group said inventories have been falling sharply and will continue to decline this year. Trafigura Group, the second-biggest trader, says the... Continue Reading →