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Petróleo Brasileiro SA – Petrobras, informs that its Board of Directors approved the model for the sale of up to 100% of the preferred shares it holds in Braskem S.A. (Braskem), to be conducted through secondary public offering(s) of shares (follow-on), together with Novonor S.A. - In Judicial Recovery and NSP Investimentos S.A. - In... Continue Reading →
(Reuters) - Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally. Crude and other risk assets such as equities also got a boost after the U.S. Federal Reserve gave an upbeat... Continue Reading →
By mid-century, offshore wind will require ocean space which is equivalent to the landmass of Italy, and the industry will by then account for half of all the capex in the Blue Economy, according to DNV’s Ocean’s Future to 2050 report. "The exponential growth of offshore wind power will be the main driver of a... Continue Reading →
Australia's competition regulator approved Woodside Petroleum's agreed $28 billion merger with BHP Group's petroleum arm on Thursday, saying it would not reduce competition in the domestic gas market. The Australian Competition and Consumer Commission (ACCC) said it found Woodside would continue to face competition from several suppliers after the deal that will create a global... Continue Reading →
(OE) Swarm behavior of underwater vehicles has long been on the wish list. Couple that with collecting seismic data and you have an interesting challenge. The seismic industry has a track record for innovation – Blue Ocean Seismic Services is taking on the latest challenge. Seismic data acquisition isn’t perhaps at the top of... Continue Reading →
Equinor, Lundin, Shearwater GeoServices and Vår Energi have established a joint industry project seeking to develop a more environmentally friendly method for seismic data colletion. The goal of Project BASS is to develop a new low-impact acoustic source and seeks to produce a higher technological accuracy and improved seismic data quality for locating, quantifying and... Continue Reading →
The Brazilian group CBO announced this week the acquisition of another vessel to compose its offshore support fleet. The new vessel was built in 2011 and will be named CBO Wave. In addition, the vessel already has a signed contract to operate with Petrobras between 2022 and 2025. The CBO Wave is an RSV type... Continue Reading →
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday. Production will then ramp up in 2026 to between 75,000 and 100,000 barrels... Continue Reading →
(Reuters) - A Brazilian police investigation of alleged bribery of Petrobras employees to fix the price of fuel sold to JPMorgan Chase & Co (JPM.N) by the state-run oil firm has expanded from one deal to at least four over the course of 2011, according to documents and two law enforcement officials. Previously unreported invoices related to... Continue Reading →
(OM) Strohm has developed a thermoplastic composite pipe (TCP) with an integrated weight coating. The company has supplied the first fully bonded TCP flowline featuring the coating – measuring 2,200 m (7,218 ft) in length and with a diameter of 2.5-in. – to Trident to support the Elon-C subsea tieback to the Okume platform complex offshore Equatorial Guinea.... Continue Reading →
