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(OE) Offshore drilling contractor Stena Drilling said in a social media post it was preparing to introduce the newest addition to its drilling fleet, the Stena Evolution drillship. "The Stena Evolution will be a technologically advanced 7th Generation ultra-deepwater drillship, and demonstrates Stena Drilling’s continued commitment to driving innovation and performance in the ultra-deepwater sector,... Continue Reading →
(Reuters) Norway's Equinor said on Friday it expects renewable sources to account for about 10% of its energy output in 2030 despite a sharp increase in investment, while oil and gas will make up the remaining 90%. The majority of state-owned company plans to increase gross investments in renewables and low carbon solutions, such as... Continue Reading →
ffshore drilling companies Noble Corporation and Maersk Drilling, which are set to merge, on Friday announced executive management team for the combined company. The executive management team appointments will be effective after the closing of the business combination announced on November 10, 2021. "The combined company will have a proven management team led by Robert... Continue Reading →
(Reuters) - Brazil's Braskem (BRKM5.SA) said it expects a slight growth in sales of petrochemical products and high margins, despite oil price volatility as a result of the Ukraine crisis. Braskem had on Wednesday reported a 51% rise in revenue and a 53% rise in cash generation in the fourth quarter over the same period a year... Continue Reading →
Petrobras started the licensing process for the Auri robot, Autonomous Underwater Riser Inspection, a technology patented and developed by Petrobras in partnership with PUC-Rio. Equipped with high resolution cameras and remotely operated, the AURI is able to identify, with high precision, maintenance needs in the flexible pipelines that transport oil from subsea facilities to production... Continue Reading →
(Reuters) - The recent spike and then crash in oil prices can be explained by a combination of medium-term fundamentals, the extra strain caused by the disruption of Russia’s oil exports and a severe lack of liquidity. Most bubbles are fuelled in their early stages by medium-term fundamentals, then a short-term trigger, before the market’s... Continue Reading →
Norway’s PaleBlue has launched the ROV Engineering Simulator tailored for subsea engineering, design reviews, and accessibility checks of subsea installations with the use of remotely operated vehicles (ROVs). The simulator provides real-time simulation and visualization tools that allow users to set up a subsea scene, import CAD equipment, and model various situations with ROVs. According... Continue Reading →
Stolthaven Santos and the Pecém Industrial and Port Complex, a joint venture formed by the government of Ceará and the Port of Rotterdam, in the Netherlands, announced the signing of a memorandum of understanding (MoU) for the study of a new storage terminal in Porto do Pecém, Brazil. The terminal will focus on providing storage... Continue Reading →
Brazil's central bank raised its key interest rate for the ninth straight time Wednesday, as Latin America's biggest economy continues to reel from surging inflation, now exacerbated by the Ukraine war. The bank's monetary policy committee raised the benchmark Selic rate by one percentage point, to 11.75 percent, in line with analysts' forecasts, citing inflation... Continue Reading →
(PetroleoHoje) Petrobras found signs of oil in the Três Marias discovery, which was originally notified to the ANP with only signs of gas. The regulatory agency informed that there was an update of the information sent in the first Notice of Discovery, which was made available on the ANP website in January this year. The... Continue Reading →
