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May 08, 2020 Petróleo Brasileiro S.A. – Petrobras in view of the news published today in the media regarding the meeting held on 05/06/2020 by the Executive Board in an internal event with the company's employees, clarifies that it has been keeping the market informed about the actions on resilience adopted due to the impacts... Continue Reading →
May 07, 2020 Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch Ratings revised today the company's international long-term ratings outlook from stable to negative, and maintained the ratings of Petrobras at "BB-". This week the agency revised the sovereign rating outlook due to uncertainty over the duration and intensity of the Covid-19... Continue Reading →
Liza Unity, an under-construction FPSO that will be Guyana's second offshore facility in production, remains on schedule for first oil in 2022, Hess Corp. said Thursday. Guyana became an oil-producing nation in December 2019, when Exxon brought online the Liza Destiny FPSO. Continue reading
May 7, 2020 Petrobras continues its effort to protect its employees. The company has already carried out about 6,300 tests for Covid-19 among its employees, service providers and contact persons of suspected cases. Of this total, about 4 thousand were rapid tests, which detect antibodies and have been used, for example, to screen professionals before... Continue Reading →
May 7, 2020 President Jair Bolsonaro signed a decree that qualifies a pilot project for evaluations in the country on the exploration of unconventional oil and gas (shale) for the Federal Government's Investment Partnership Program (PPI). The inclusion of the initiative in the PPI aims to “support environmental licensing and other measures necessary for the... Continue Reading →
U.S. oil and gas producer Hess Corp on Thursday introduced deeper spending cuts after reporting a quarterly loss due to impairment charges of $2.25 billion on some oil-producing assets amid the coronavirus crisis. Stay-at-home orders designed to contain the coronavirus pandemic have forced businesses to shut down, cutting worldwide demand for oil and creating a... Continue Reading →
The Covid-19 pandemic could see demand for umbilicals fall by 32 per cent this year, Rystad Energy impact analysis reveals. According to Rystad, expected demand could fall to just 713 kilometres of lines in 2020, from 1,041 kilometres last year. Continue reading
Rio de Janeiro, May 6, 2020 - Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of April. 1. January figures account for a 70% stake in the Frade Field. The acquisition of the remaining 30% stake – announced... Continue Reading →
May 7, 2020 Petrobras should start in June a new exploratory campaign in the Campos Basin, in the CM-657 block, acquired in the 15th ANP Concession Round, in 2018. Although the company is postponing some works and cutting investments due to the Covid-19 crisis and the price of oil, the oil company is prepared to... Continue Reading →
Offshore drilling contractor Noble Corporation saw its quarterly net loss deepen after being negatively affected by rig impairment charges amid lower demand as a result of the coronavirus pandemic and low oil prices. Noble on Wednesday reported a net loss attributable to the company for the three months ended 31 March 2020, of $1.1 billion... Continue Reading →
