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Offshore drilling contractor Noble Corporation has revealed that its shareholders have endorsed its plan to merge with Maersk Drilling in an all-stock transaction almost unanimously, despite concerns, which were voiced by certain shareholders over this plan in the past. A short time after the two rig owners announced their business combination on 10 November 2021, Cyprus-based S.D.... Continue Reading →
French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software. CGG said the deal would give Petrobras geoscientists access to advanced technology innovations, including full-waveform inversion (FWI), and significantly enhance their imaging capabilities.... Continue Reading →
Ocyan, a Brazilian company operating in the offshore oil and gas industry, signed a new Petrobras contract for the provision of construction & assembly and maintenance services for the replicant FPSOs P-66, P-67, P-68, P-69 and P- 70. The contractual term is four years, with the possibility of extension for another two years. This new... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) informs to its shareholders and the market in general that it entered into an agreement with Aquadrill LLC (“Aquadrill”) that gives PRIO the opportunity to acquire the Capricorn semi-submersible rig ("Rig"). The semi-submersible hybrid Rig, suitable for drilling water depths of 80 to 3,000 meters, will be primary used... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) informs its shareholders, investors and the market in general that, on May 10, 2022, the National Petroleum, Natural Gas and Biofuel Agency (“ANP”) approved the transfer of the concession agreements of 14 onshore production fields that form the Recôncavo Cluster (“Recôncavo Cluster”), owned by Petróleo Brasileiro... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/27/2021, informs that today it finalized the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of all the stakes held by both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in the state of... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that will pay, on Monday, 05/16/2022, complementary dividends referred to the 2021 fiscal year, based on shareholding position as of 04/13/2022, in connection to the Material Fact released on that date. The amount of dividends to be paid will be adjusted by Selic interest rate from 12/31/2021 to 05/16/2022,... Continue Reading →
(Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday that his government will ask state-oil company Pemex to reveal information regarding the alleged receiving of bribes from Vitol, the world's largest independent energy trader. Reuters revealed last year that Petroleos Mexicanos (PEMX.UL), as the company is formally known, had deepened investigations into the... Continue Reading →
TotalEnergies, the French oil major with growing renewables aspirations, on Tuesday confirmed the start of the construction of the 30MW Eolmed floating wind project in the Mediterranean Sea, off France. The project, in which TotalEnergies has a 20% stake, is operated by Qair. The news comes days after BW Ideol, another partner in the project, said... Continue Reading →
Strohm, the developer of Thermoplastic Composite Pipe (TCP), has signed a memorandum of understanding (MoU) with French renewable hydrogen supplier Lhyfe, to collaborate on the transportation solution for hydrogen produced from a floating wind turbine to be integrated with a hydrogen production system. The partners said that they would collaborate on solutions for hydrogen transport, both onshore... Continue Reading →
Brazil Energy Insight 