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(OE) France-based tubular solutions supplier Vallourec has secured a five-year contract with energy giant Equinor for the supply of tubes and connections, accessories, and services for oil and gas fields in Brazil. Vallourec low-carbon OCTG solutions will contribute to the development of the Bacalhau and Raia fields operated in the pre-salt, as well as the... Continue Reading →
(Reuters) - Peru officials are looking at ways to help cash-strapped state oil firm Petroperu avoid bankruptcy or liquidation, Economy Minister Jose Arista told Congress on Friday, including cost cutting, asset sales and possible private management. The company described its financial condition last month as "extremely grave." "Petroperu is currently facing a difficult financial situation that... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its CEO, Magda Chambriard, has appointed 3 new members to the Executive Office: - Engineering, Technology and Innovation Executive Office, Ms. Renata Baruzzi; - Exploration and Production Executive Office, Ms. Sylvia dos Anjos; - Financial and Investor Relations Executive Office, Mr. Fernando Melgarejo; The nominations will be submitted... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the Material Facts published on 03/07/2024, 04/25/2024 and 05/02/2024, informs that will pay on 06/20/2024 the second installment of dividends relating to the balance sheet of December 31, 2023. Dividends calculated in accordance with the Shareholder Remuneration Policy formula will be paid based on the shareholder position... Continue Reading →
(OE) Danish wind turbine maker Vestas has secured an order to supply 44 offshore wind turbines, each rated at 14 MW, for RWE’s Nordseecluster A offshore wind project in Germany. The Nordseecluster is being implemented in two phases – Nordseecluster A and B. For the first phase of the project, Vestas will be supplying 44... Continue Reading →
(PN) The general manager of the Petrobras Business Unit in the Campos Basin (UN-BC), Alex Murteira Celem, revealed that the company intends to drill three wells in the Campos Basin pre-salt in 2025. The news was announced by the executive during the Macaé Energy event, co-hosted by the Federation of Industries of Rio de Janeiro (Firjan), Sebrae... Continue Reading →
(PN) Foresea has 100% of its fleet contracted and had operational uptime (operation quality index) of 98.2% in 2023, the highest in the Brazilian market. According to the CEO of Foresea, Rogério Ibrahim, the drilling sector should remain at a very competitive level in 2024, with increased demands and a stabilization of the tariff recovery experienced... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, in continuity with the Material Fact disclosed on October 27, 2022, informs that, observing the applicable internal governance, the closure of the competitive process for the full sale of Petrobras' stake, corresponding to 50% of the voting capital and 34.54% of the total capital, in the company METANOR S/A -... Continue Reading →
(OE) SLB and Aker Carbon Capture (ACC) have launched a joint venture, set up to enable wider adoption of market-ready and new carbon capture and storage (CCS) technologies for power and hard-to-abate industrial sectors worldwide The new company combines technology portfolios, expertise and operations platforms to support accelerated CCS adoption for industrial decarbonization at scale.... Continue Reading →
(Reuters) - The chief executive of Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab, Magda Chambriard, is expected to announce the firm's new management team later on Friday, newspaper O Globo reported. Current executive officers Clarice Coppetti, Mauricio Tolmasquim, Claudio Schlosser and Mario Spinelli would retain their positions under Chambriard, who was appointed last month... Continue Reading →
Brazil Energy Insight 