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CABIMAS, Venezuela — For the first time in a century, there are no rigs searching for oil in Venezuela. Wells that once tapped the world’s largest crude reserves are abandoned or left to flare toxic gases that cast an orange glow over depressed oil towns. Refineries that once processed oil for export are rusting hulks,... Continue Reading →
The conclusion of the operation by which Petrobras PETR4.SA negotiated the sale of its Liquigás liquefied petroleum gas distribution unit to a group formed by Copagaz, Itaúsa and other companies will depend on an agreement with the Brazilian regulatory agency CADE. As published in the Official Gazette, the General Superintendence of the Administrative Council for... Continue Reading →
Tobias Cepelowicz and Roberto Jessourun are no longer heading the Ventura group (Petroserv). After almost five decades, the command of the rig and FPSOs company was transferred to Nelson Oliveira, executive of Geribá Investimentos, in the midst of a broad internal restructuring process, whose focus is to remedy the group's financial situation. Source: PetroleoHoje
Total has bought a 20 per cent stake in the EolMed floating wind pilot project in France, located in the Mediterranean Sea, off the coast of Gruissan and near Port-La-Nouvelle. The 30 MW EolMed will feature three MHI Vestas 10 MW turbines installed on Ideol’s Damping Pool floating foundation and is scheduled to be built in 2023.... Continue Reading →
Oil and gas workers withdrew en masse from offshore production facilities as Hurricane Delta grew into a powerful storm over the Caribbean on its way to the Gulf of Mexico. Delta's winds reached 145 miles per hour (235 kph) as the storm sped toward Mexico's Yucatan peninsula and eventual entry into the Gulf of Mexico,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that in September, for the fourth month in a row, it surpassed the record production of S-10 low sulfur diesel, reaching the 1.89 million m³ mark. Also in September, Petrobras reached the sales record of the same product when 1.91 million m³ were sold. The growth in production of the... Continue Reading →
(Bloomberg) --Measures taken by Transocean to stave off a bankruptcy filing could be exactly what ends up sending the offshore drilling company into Chapter 11 alongside some of its biggest peers. The world’s largest owner of deep-water oil rigs recently engineered a bond swap to trim some of its $9 billion debt load and ease... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it will release its quarterly production and sales report on October 20th, 2020 and its financial performance report on October 28th, 2020, after the markets close. On October 29th, 2020 two webcasts will be held, the first in Portuguese and the second in English, to present the company's... Continue Reading →
TechnipFMC delivered the last of 127 wet Christmas trees (ANMs) contracted by Petrobras in 2012 for pre-salt projects, the company announced on social media on Monday (5/10). The $ 1.5 billion contract was signed with FMC Technologies, which merged with Technip in 2017. Source: PetroleoHoje
Engie appointed executive Catherine MacGregor as the new CEO of the oil and gas sector as of January 1, 2021. The appointment comes eight months after the removal of Isabelle Kocher. MacGregor, 48, is French and currently runs Technip Energies, after having spent 23 years in the oil services group of the also French group... Continue Reading →
