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Oslo Stock Exchange-listed oil and gas E&P company BW Energy has confirmed it is engaged in discussions with Brazil’s state-owned oil and gas giant Petrobras to acquire the latter’s stake in a field located offshore Brazil. Back in January 2020, Petrobras disclosed its intention to sell its entire stake in two sets of deep-water post-salt offshore concessions,... Continue Reading →
Sembcorp Marine Ltd, through its wholly ownedsubsidiaries, Estaleiro Jurong Aracruz (EJA) and Sembcorp Marine Specialised Shipbuilding Pte Ltd (SMSS), and the establishment of a Special Purpose Entity “Polar1 Construção Naval SPE Ltda”, has secured an EPC Contract valued at about USD150 million (approximately SGD200 million) from Emgepron, a state-owned company linked to the Ministry of... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for May 2022 in the assets that the Company holds participation. (1) Macau Cluster production was impacted by a drop in energy supply during the... Continue Reading →
TotalEnergies has entered into an agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million metric tons of green hydrogen... Continue Reading →
(PN) Petrobras launched this week a tender for contracting inspection services in its industrial assets located on land and sea. The tender covers both refining units as well as platform ships currently in operation in the Brazilian pre-salt. The expectation is that the opening of the envelopes with the proposals will take place on the... Continue Reading →
(TN) Ocean Winds, a 50-50 joint venture between world energy leaders ENGIE and EDP Renewables dedicated to offshore wind power generation, announces the launch of OW Brasil, a wholly owned Brazilian company investing in offshore wind project development opportunities in the country. Highly interested in Brazil's 700 GW offshore wind power potential (according to a... Continue Reading →
(Reuters) - World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy. Fuel use has rebounded from the 2020 pandemic-induced slump and is set to exceed 2019 levels this year even as... Continue Reading →
(Reuters) - Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 84,000 barrels per day (bpd) to a record 5.316 million bpd in July, the U.S. Energy Information Administration (EIA) said in its productivity report on Monday. Total output in the major U.S. shale... Continue Reading →
(PN) A new major contract for the Altera&Ocyan portfolio. The company, formed by the union between Ocyan and Altera Infrastructure, signed an agreement with 3R to carry out the maintenance and operation of the P-61 and P-63 platforms in the Papa Terra field, in the south of the Campos Basin (RJ). The contract will last... Continue Reading →
Subsea 7 has updated its Adjusted EBITDA guidance for the full year 2022 following reduced progress on two offshore wind projects and vessel reshuffle at its subsidiary Seaway 7. Seaway 7 announced provisions against the results of project execution of offshore windfarm installations due to increased costs relating to weather delays and mechanical breakdowns. This,... Continue Reading →
