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Petro Rio S.A. (the “Company” or “PRIO”) (B3: PRIO3), following the Material Fact disclosed on September 1st and October 3rd, 2022, informs its shareholders and the market in general that Petro Rio OPCO Exploração Petrolífera S.A (“OpCo”), a subsidiary of the Company, and Dommo Energia S.A. (“Dommo”) approved at their extraordinary Shareholders’ Meetings held on... Continue Reading →
(Reuters) Denmark's Ørsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday. The total of four projects will be developed through the so-called open-door procedure where the developers takes initiative... Continue Reading →
(OED)German oil and gas company Wintershall Dea has agreed to acquire a 37% non-operated participating interest in the Hokchi Block, offshore Mexico, from Hokchi Energy, a subsidiary of Pan American Energy. Wintershall Dea will have an option to increase its stake in the offshore block to 40% at a later stage. Through this acquisition, Wintershall... Continue Reading →
In 3Q22, Petrobras kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes of Atapu and Sepia - which became effective on May... Continue Reading →
With the addition of 115 new global offshore wind projects during 3Q, Quest Floating Wind Energy (Q FWE) are actively tracking 696 projects (with statuses Possible, Planned, Pre-development and Under development) representing $1.75 trillion in CapEx, a one-half billion quarter over quarter gain. The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable... Continue Reading →
The Norwegian offshore seismic survey services company PGS has been awarded a 3D exploration acquisition contract. PGS said that the contract was in Namibia, with "a major energy company." The company said it would use the Ramform Titan vessel for the survey, with the acquisition expected to complete mid-February 2023. "PGS has many years of... Continue Reading →
(OE) Schlumberger, the world's largest oilfield services provider, is rebranding itself with a new name, color scheme and logo that underscores its ambitions for a lower-carbon future, the company said on Monday. The nearly 100-year-old firm, originally named after its founding family, has become a giant in oilfield services and equipment such as drilling and... Continue Reading →
(Reuters) Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin. Oil and gas companies around the world received a boost after Russia's invasion of Ukraine sent energy prices soaring just as demand was rapidly recovering... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2022, informs the beginning of the non-binding phase regarding the sale of its onshore fiber optic network. Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the asset in question, as well as instructions on... Continue Reading →
(EV) Shell is harnessing talent from its offshore oil and gas division to progress two major Scottish floating wind farms. The supermajor’s UK business manager for offshore wind, Melissa Read says they are “transitioning across” a lot of upstream skill to propel the Marram and Campion projects. Both floating wind schemes were secured alongside partner ScottishPower Renewables, a subsidiary of... Continue Reading →
