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Tanker operator AET named its new shuttle tanker Eagle Colatina earlier this week in South Korea. The vessel is the first of three purpose-built Suezmax dynamic positioning (DP2) shuttle tankers for a long-term charter to the Brazilian oil company Petrobras based on the agreement signed in February 2020. Shuttle tankers are used for the offloading... Continue Reading →
(OE) Offshore drilling contractor Diamond Offshore has received approval to relist its unrestricted common stock on the New York Stock Exchange (NYSE) under the ticker symbol "DO." "The company expects the common stock to commence trading on or about Wednesday, March 30, 2022," Diamond Offshore said. Bernie Wolford, Jr., President, and Chief Executive Officer, stated,... Continue Reading →
(OE) Offshore drilling contractor Seadrill Limited has appointed Simon Johnson, former CEO of Borr Drilling, as its new President and Chief Executive Officer. Johnson will replace Stuart Jackson as President and Chief Executive Officer with immediate effect. Jackson has been the CEO since October 2020, having taken over from Anton Dibowitz. Commenting on the latest CEO... Continue Reading →
(Reuters) - Saipem (SPMI.MI) will launch a 2 billion euro ($2.2 billion) capital increase this year and sell assets to help fund a turnaround plan to bring the troubled Italian energy services group back into the black. The company stunned investors in January when it downgraded earnings by a billion euros due to a significant deterioration of... Continue Reading →
(Reuters) The Swiss trading arm of Russian energy giant Lukoil (LKOH.MM) has scaled back operations after the oil company cut its supply of capital to guarantee nearly $1 billion in margin calls in the wake of Western sanctions, according to three people familiar with the matter. Litasco, which was handling more than 3.6 million barrels per day,... Continue Reading →
(PetroleoHoje) Shell intends to carry out a new exploratory campaign in Brazil in 2023, with the drilling of at least two wells in the Campos and Santos basins. The oil company launched a bid to charter a rig. Some companies, however, have already informed that they are not available to attend the campaign. Shell does... Continue Reading →
The independent oil company closed 2021 with net revenue of R$ 1.04 billion. Of this total, BRL 285 million refers to the fourth quarter, with a growth of 38.1% compared to the same period in 2020. In addition, the company's net income reached BRL 176.9 million in the consolidated for 2021 and EBITDA in the... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) said on Thursday it aimed to reduce greenhouse gas emissions from its fuel product sales by more than 30% by 2030, compared with 2015. The French oil major, which is due to hold an investor conference call on Thursday, also said it was setting new targets for reducing its methane emissions and routing... Continue Reading →
French offshore seismic surveyor CGG has secured a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEO over the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil. "The resulting data will bring improved geological insight to the asset operator, Petrobras, to assist with better management of oil recovery and production development," CGG said. Peter... Continue Reading →
Oil and gas company VAALCO Energy has hired DOF Subsea to perform subsea construction and installation services offshore Gabon, where the company operates the Etame field. The contract is for the support of the subsea reconfiguration associated with the replacement of the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage and... Continue Reading →
