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Even as the pandemic continues to drive down consumer spending and depress oil prices, investors are spending big on clean-tech companies. Shares are now near record highs, the latest sign that wind and solar are no longer fringe bets. Electric-carmaker Tesla Inc. has grabbed much of the attention with a 255% jump this year. But... Continue Reading →
August 4, 2020 Petróleo Brasileiro S.A. – Petrobras, further to the notices to the market dated June 22, 2020 and July 21, 2020, hereby announces that the 1st Business Court, which deals with Conflicts related to Arbitration of São Paulo has extinguished the action for specification of judicial mortgage filed by Caixa de Previdência dos... Continue Reading →
Aug 4, 2020 Belov Engenharia ordered from the Swedish giant Saab four Leopard work vehicles that will operate in Petrobras' operations in Brazil. The order was booked in the second quarter of 2020. Leopard is a vehicle developed by Saab Seaeye, Saab's underwater robotics division, which is half the size of hydraulic equipment with the... Continue Reading →
August 4, 2020 Twelve companies, some from the same business group, were prequalified to dispute the lease of the Petrobras LNG terminal in Bahia, according to the call for prequalified agents, published by the company. Proposals are scheduled to be open on September 30. Petrobras will lease the terminal until December 2023, with no provision... Continue Reading →
Aug 4, 2020 (Reuters) - Brazilian oil exports more than doubled in July to 8.19 million tonnes, compared to 3.76 million tonnes shipped a year earlier, according to data from the federal government released on Monday, following the exchange rate and firm demand from China. The volume was the second highest in 2020, behind only... Continue Reading →
CIMC Raffles-managed offshore accommodation rig OOS Tiradentes will soon resume work for Petrobras in Brazil, after a hiatus due to COVID-19 pandemic. CIMC Raffles asset operation management center which manages the semi-sub accommodation rig, has received the notice from Petrobras to resume operation. Continue reading
Argentina said on Tuesday it had reached a deal with three creditor groups to restructure $65 billion in sovereign debt, a breakthrough in talks the will help the country climb out of a damaging default and revive its recession-hit economy. The Economy Ministry said in a statement here it would adjust some payment dates and legal clauses... Continue Reading →
Blame Covid-19, the oil price or both in equal measures. Either way, the offshore rig industry will need to adapt. Just last week during Saipem’s quarterly results presentation, CEO, Stefano Cao, was asked an interesting question that appears to be at the forefront of many minds in the oil and gas industry just now. Cao was... Continue Reading →
August 03, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) announces its 2Q20 earnings. Highlights for the Quarter Message from Management “In one of the most challenging and unprecedented quarters in the oil and gas industry’s history, PetroRio has had the opportunity to establish itself as one of the most resilient companies in its... Continue Reading →
August 3, 2020 Petro Rio S.A., (the “Company” or “PetroRio”) (B3: PRIO3), informs its shareholders and the market in general that, in addition the Material Fact of February 3, 2020, the National Petroleum Agency (“ANP”) granted, on this date, effectiveness to the the amendments to the concession agreement in connection to the rights (“farm-in”)... Continue Reading →
