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(OE) Saipem SA and Saipem do Brasil have become fully operational with state-owned companies in the Brazilian market following the annulment of the prohibitory sanctions issued by the Federal Court of Brasilia. On December 20, 2024, the Federal District Court of Brasilia, ruling on the petition of Saipem SA and Saipem do Brasil, established that... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras (“Petrobras”) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 5.299% Global Notes due 2025 (the “Notes”) announcing the redemption price for the Notes. As previously announced, the redemption date for the Notes will be December 27, 2024 (the “Redemption... Continue Reading →
(Bloomberg) -- Colombia and Brazil are both run by leftist presidents with ambitious social agendas. Now the neighboring Latin American nations have something else in common: growing investor fears about government finance. In the first two years of their mandates, Gustavo Petro and Luiz Inacio Lula da Silva have taken similar tacks to boost their... Continue Reading →
(Reuters) - Japan's industry and land ministries on Tuesday selected two consortiums, one including energy major BP, as operators for two offshore wind blocks in a third major round of public auctions. The results of this round held under a law promoting wind power development, were closely watched by domestic and international energy companies weighing... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured an extension of the current contract for its semi-submersible drilling rig Atlantic Star with Petrobras, worth up to $61 million. The contract extension is for an additional period of up to 301 days, and confirms the continuity of the operations that began in 2021. In recent years, the... Continue Reading →
(offshoreWIND.biz) “We probably have around 150 different floating wind platform designs at the moment. So how do you design a perfect port for floating wind?”—Tommy Sandtorv, CCO Karmsund Port at Karmsund Port Authority. Sandtorv shared this thought on 26 November at Offshore Energy Exhibition & Conference (OEEC) in Amsterdam, during a discussion about the challenges in the... Continue Reading →
Wendy Laursen, Contributing Writer (OE) The 66kV high voltage wet mate connector currently undergoing technical qualification by Baker Hughes weighs in at around one ton and has over 40 liters of dielectric oil protecting copper cable up to 1,200 square millimeters in diameter. The connector is designed to sit on the seabed at the end of... Continue Reading →
(OE) Equinor has completed the acquisition of additional 0.2% in Ørsted, increasing its share to 10% and cementing its position as the second largest shareholder in the company. The transaction makes Equinor the second largest shareholder in Ørsted after the Danish State, which holds a controlling stake. Following approvals under applicable Foreign Direct Investment regulations,... Continue Reading →
(OE) Offshore seismic services firm Shearwater Geoservices has been given a go-ahead from Petrobras to start one of the two 4D projects covering the Jubarte and Tartaruga Verde fields in the Campos Basin area. Under the eight-month contract, announced in January 4, 2023, Shearwater will use its high-capacity vessel Oceanic Vega and will start imminently.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the Material Fact of November 21, 2024, informs that it will make today the payment of the dividends approved by its Board of Directors in a meeting held on November 21, 2024. The gross amount to be distributed today corresponds to R$ 1.55174293 per common and preferred... Continue Reading →
Brazil Energy Insight 