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Jan 16, 2020 Global Infrastructure Partners (GIP) fund manager plans to submit a joint offer with Raízen for refineries for sale by Petrobras, two people with knowledge of the matter said. Raízen, a joint venture between Royal Dutch Shell PLC and ethanol producer Cosan SA, made non-binding offers for the largest refineries for sale by... Continue Reading →
Italian oil major Eni and France's Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country's petroleum regulator said on Thursday. Eni and Total won operator rights to blocks 28 and 29 respectively in the offshore Namibe basin, while Angola's state... Continue Reading →
Oilfield services provider John Wood Group Plc expects higher core earnings in 2019, with strong performance in its engineering services unit in the Middle East, Asia and the Caspian region offseting slowing U.S. onshore drilling demand. The Aberdeen-headquartered company said on Thursday adjusted earnings before interest, tax, depreciation and amortization (EBITDA) is expected to be... Continue Reading →
Jan 15, 2020 Petrobrás notified the National Petroleum Agency (ANP) of a discovery of oil evidence in the Marlim Leste field, in the Campos Basin, at a water depth of 1,226 meters in the well 9-MLL-83-RJS . The Marlim Leste field adopts two production development modules: the P-53, a FPU (Floating Production Unit) type platform;... Continue Reading →
January 16, 2020 Petróleo Brasileiro S.A. – Petrobras, with regards to news published in the media, referring to the sale of its stake in BR Distribuidora S.A. (BR), clarifies that the information that a possible subsequent offer of shares will take place in February and that the banks that will coordinate the operation have already... Continue Reading →
London-listed oil company Tullow Oil will most likely not be drilling any wells offshore Guyana in 2020. In its trading update on Wednesday Tullow said it expected to report pretax impairments and exploration write-offs of around $1.5 billion. Tullow's write-offs include Jethro, Joe, and Carapa well costs in Guyana as a result of drilling results, the... Continue Reading →
Tokyo, January 16, 2020 MODEC, Inc. (“MODEC”) is pleased to announce that MODEC has signed the United Nations Global Compact (“UNGC”) advocated by the United Nations consisting of ten principles on human rights, labour, environment and anti-corruption, and joined the Global Compact Network Japan, a local network in Japan. Continue reading
15 Jan 2020 The director general of the National Agency of Oil, Natural Gas and Biofuels, Décio Oddone, delivered a letter to President Jair Bolsonaro and the Minister of Mines and Energy, Bento Albuquerque, stating that he will leave office in advance. His term would end in December this year. But will remain only until... Continue Reading →
January 15, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in two sets of deep-water post-salt offshore concessions, namely Golfinho Cluster and Camarupim Cluster, located in the Espírito Santo Basin. The teaser, which includes key information about the... Continue Reading →
Jan 15, 2020 (Reuters) - Décio Oddone, the head of Brazil’s petroleum regulator ANP, said in a statement on Wednesday he had written to President Jair Bolsonaro asking for permission to leave his post early. Oddone, who had been due to step down in December, said he would stay in his post long enough for... Continue Reading →
