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July 27, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release on 03/20/2020, informs that, as of today, it has made the partial prepayment of its Revolving Credit Lines, in the amount of US$ 3.5 billion. These resources will be available for new withdrawals, if necessary. “The US$ 8 billion withdrawal of... Continue Reading →
July 27, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. The teaser, which includes key information about the opportunity, as well as the eligibility criteria for... Continue Reading →
Industrial cable provider Prysmian Group has announced new organizational structure and management appointments for the Projects Business Unit - responsible for High Voltage submarine and underground cable systems for power transmission. Prysmian, based in Italy, said the changes are part of the ambition to grasping the energy transition opportunities and to ensure "the perfect execution... Continue Reading →
An offshore supply vessel was reportedly attacked offshore Mexico on Friday, July 24, in an incident that was described as a "violent armed boarding and robbery of personal belongings." The maritime safety intelligence company Dryad said Monday that the offshore supply vessel Natalie was boarded while conducting operations in the vicinity of the ODIN Offshore... Continue Reading →
Jul 27, 2020 The National Petroleum Agency (ANP) launched this Monday (27) a new dynamic panel with information on decommissioning of facilities in Brazil. For this year, the tool has an estimated investment of R $ 5.5 billion in activities to deactivate oil and gas fields in the country. Most of these resources will... Continue Reading →
"If we try the approach we use in Bottom Fixed and think we can apply that to Floating Wind, we’re really missing the trick". A Reuters / Quest FWE organized virtual event last week drew over 1,800 registered participants. The number shows the future is Floating, but also a wide realization that the future is... Continue Reading →
\ July 24, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on July 24, 2019, informs that, due to the impact caused by the COVID-19 pandemic and the difficulty to address the previous conditions initially defined, in common agreement with Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy... Continue Reading →
Brazil’s natural gas sector is poised for profound change. After years of intense focus on the country’s enormous pre-salt oil reserves, the government is finally shifting its efforts towards the domestic gas market. State energy firm Petrobras has been tasked with leading the vanguard for change. The Brazilian company is in the process of radically... Continue Reading →
A worsening political crisis risks slowing the pace of oil sector growth in the small Latin American nation Any hope that Guyana’s recent election would settle the country’s broiling political turmoil always looked optimistic. And so it has proved. Four months on from the poll, neither of the two main parties has conceded defeat and the impasse threatens... Continue Reading →
Oilfield services major Schlumberger recognised a $3.34 billion loss in the second quarter on $3.7 billion charge and revenue drop of some 35 per cent. The loss of $2.47 per share compares with profit of 35 cents per share same time last year. Continue reading
