Norwegian seismic player TGS and American IT services company Cognizant have expanded their partnership to build a digital platform for delivering comprehensive data to energy companies. As described, the SaaS-based New Energy Solutions (NES) ecosystem will focus on bringing comprehensive data and insights to energy companies across five segments: carbon storage, geothermal, deep-sea minerals, wind... Continue Reading →
CCS market to reach $7 bln by 2028 bolstered by increased investments, Fortune Business Insight says
Fortune Business Insights, a market research company, expects the carbon capture and storage (CCS) market to grow to $7 billion by 2028 aided by rising investments in developing new alternatives for curbing the carbon footprint and achieving the energy transition goals and net-zero targets. The company expects the market to exhibit a CAGR of 19.5 per... Continue Reading →
Solstad Awarded AHTS Contract in Brazil
Norwegian offshore vessel operator Solstad Offshore ASA announced on Monday it has been awarded a new contract with Petróleo Brasileiro S.A. (Petrobras) for the 80.4-meter anchor handling tug supply vessel (AHTS) BOS Turquesa. The contract is three years firm, with options thereafter, for supporting exploration and production activities in Brazilian continental shelf. The 2007-built anchor... Continue Reading →
How Venezuela pulled its oil production out of a tailspin
(Reuters) - Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos de Venezuela (PDVSA.UL), known as PDVSA, won help from small drilling firms by rolling over... Continue Reading →
Sembcorp Marine’s Brazilian shipyard faces arbitration over allegations of breach and payment claims
The article has been amended on 28 December 2021, correcting the parts identifying Jurong Shipyard as “Brazilian wholly-owned subsidiary” to “wholly-owned subsidiary, Jurong Shipyard.“ (OM) Singapore-based offshore builder Sembcorp Marine has informed that its wholly-owned subsidiary, Jurong Shipyard, is facing arbitration under four separate contracts due to allegations of a breach of contract and payment claims... Continue Reading →
Nauticus’ sea robots go public with SPAC merger
Nauticus Robotics, a Houston-based developer of cloud-based surface and subsea robots, and CleanTech Acquisition Corp. (CLAQ), a publicly-traded special purpose acquisition company (SPAC), have entered into a definitive business combination agreement that will result in Nauticus becoming a publicly listed company. The transaction, expected to close in the first half of 2022, has been approved... Continue Reading →
Petrobras on relevant shareholding position
Petróleo Brasileiro SA – Petrobras, in compliance with Article 12 of CVM Resolution No. 44, of 08/23/2021, informs that it was communicated by Goldman Sachs & Co. LLC, a subsidiary of The Goldman Sachs Group, Inc., by Goldman Sachs International, and other subsidiaries of The Goldman Sachs Group, Inc., namely Goldman Sachs do Brasil Banco... Continue Reading →
Petrobras on Chief Digital Transformation and Innovation Officer
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, in a meeting held today, approved the dismissal of Nicolás Simone and elected Juliano de Carvalho Dantas as Chief Digital Transformation and Innovation Officer, who will take office on 01/01/2022. Juliano de Carvalho Dantas studied mechanical engineering at UFRN (Federal University of Rio Grande... Continue Reading →
Petrobras on sale of E&P assets in Sergipe – Carmopolis Cluster
Rio de Janeiro, December 23, 2020 - Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/19/2021, informs that it signed today with Carmo Energy S.A. a contract for the sale of all its stakes in a set of 11 concessions of onshore production fields, with integrated facilities, located in the state... Continue Reading →
Ocyan Signs Contract with Petrobras for Maintenance on Platforms
Ocyan signed a new contract with Petrobras to provide construction and assembly services on platforms P-09, P-26, P-32, P-33 and P-37, all in the Campos Basin. The contract takes effect in early 2022 and is valid for three years, renewable for a further 640 days. Initially, more than 200 vacancies will be opened for different... Continue Reading →