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Malaysian oilfield services provider Sapura Energy is facing cash flow and liquidity issues exacerbated by the Covid-19 pandemic. Responding to recent news reports, Sapura Energy on Wednesday clarified that it is still a going concern. The company’s business segments continue to execute 59 projects globally and its Exploration & Production business, operated through SapuraOMV, continues... Continue Reading →
Petróleo Brasileiro S.A. – 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 →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media about a possible offer of preferred shares of Braskem in the first quarter of 2022, clarifies that, as disclosed on June 8, August 9, 20 and 30, October 1, November 22 and 26, its stake in Braskem is still part of the assets... Continue Reading →
(Reuters) - Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by positive comments from vaccine makers about the efficacy of their jabs. Brent crude futures fell 47 cents, or 0.6%, to $75.35 a barrel by 1004 GMT... Continue Reading →
Offshore drilling contractor Valaris has appointed Anton Dibowitz as President and Chief Executive Officer, effective immediately. Anton Dibowitz, who has been serving as interim President and CEO of Valaris since 3 September 2021 is also a member of the company’s board of directors. “Anton has done a tremendous job leading Valaris over the past three... Continue Reading →
(OE) French oil major TotalEnergies has completed the sale of the Cap Lopez Terminal and non-operated offshore field in Gabon to Perenco. "After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon," TotalEnergies said Thursday. With the transaction valued at $350 million before final adjustment, TotalEnergies EP Gabon... Continue Reading →
(Reuters) - Gazprom Neft (SIBN.MM), the oil arm of Russian gas giant Gazprom (GAZP.MM), expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday. Gazprom Neft had aimed to reach the 100 million tonnes target by 2020 but had to delay that due to production... Continue Reading →
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units for operations in Trinidad and Tobago. In an update on Thursday, Prosafe revealed that the firm charter period for its Safe Concordia unit in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. The total... Continue Reading →
Petrobras has awarded Akastor’s affiliate AKOFS Offshore with a three-year contract for its subsea equipment support vessel (SESV) Skandi Santos to perform a scope of subsea services in Brazil. Under the $107 million contract, AKOFS Offshore will be performing the operations with its partners Bravante for marine services and IKM Subsea for ROV services. Work... Continue Reading →
(Recharge) A dramatic fall in electrolyser prices will help some nations produce green hydrogen from renewable energy for $1/kg by 2030, with sub-$2/kg achievable in many countries, according to a new report from analyst Wood Mackenzie. he study, Hydrogen costs 2021: getting ready to scale, finds that the cost of alkaline and PEM electrolysers are set... Continue Reading →
