Offshore wind turbine maker Siemens Gamesa Renewable Energy has signed a collaboration agreement with Strohm, a company specializing in Thermoplastic Composite Pipe (TCP) construction. The duo said Tuesday it planned to develop hydrogen transfer solutions that improve the decentralized green hydrogen concept, where green hydrogen is generated in each wind turbine generator and transported to shore... Continue Reading →
Skandi Neptune completes first stage of OBN campaign in Campos Basin
OF Subsea’s construction support vessel (CSV) Skandi Neptune has completed the first stage of the ocean bottom node (OBN) 4D seismic campaign on the Jubarte field in the Campos Basin offshore Brazil. The vessel recently arrived in Rio de Janeiro after this first stage to undergo scheduled maintenance. The second phase of the project is set to... Continue Reading →
Oil CEOs urge caution over energy transition policy
(Reuters) - Top energy executives this week urged a more cautious transition of energy policy away from oil and gas, but a U.S. Energy Department official said the industry has a moral obligation to address climate change and the economic opportunity it represents. Executives from Saudi Aramco, Exxon Mobil and Chevron, speaking at the World... Continue Reading →
Oil prices climb as fears subside over Omicron lockdowns
(WO) Oil climbed amid broader market gains on reports that early cases of the omicron Covid-19 variant have been fairly mild, easing concern about a possible blow to demand. West Texas Intermediate rose 4.9% to $69.49 on Monday, a one-week high. Initial data on omicron from South Africa -- the epicenter of the outbreak --... Continue Reading →
Petrobras concludes the sale of the Miranga Cluster
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/24/2021, informs that it concluded today the sale of its total stake in nine onshore exploration and production fields, jointly called Miranga Cluster, located in the state of Bahia, to SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A. (PetroRecôncavo). After compliance... Continue Reading →
Petrobras concludes the sale of thermal power plants
Petróleo Brasileiro S.A. – Petrobras, following up on the release diclosed on 05/03/21, informs that it has concluded today the sale of the three fuel oil-fired thermal power plants located in Camaçari, in the state of Bahia (UTEs Polo Camaçari) to São Francisco Energia S.A., a subsidiary of Global Participações em Energia S.A. (GPE). After... Continue Reading →
Oil rebounds by almost 5%
(Reuters) - Oil prices climbed by nearly 5% on Monday on hopes the Omicron coronavirus variant would have a less damaging economic impact if its symptoms proved mostly mild and as some OPEC member countries signaled confidence in the market. Reports in South Africa said Omicron cases there had only shown mild symptoms and the... Continue Reading →
Petrobras to drill first well at Equatorial Margin in 2022
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) is getting ready to drill next year the first of 14 planned wells at South America's new deepwater frontier, the Equatorial Margin at its Northern maritime border, a company executive said on Monday. Petrobras plans to invest $2 billion in exploration at the Equatorial Margin through 2026, reservoir executive... Continue Reading →
3R Petroleum Production Data November 2021
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for November 2021 in the assets that the Company holds participation. (1) Refers to 3R's participation in Macau Cluster concessions after discounting Galp's 50% stake... Continue Reading →
PetroRio November 2021 Operational Data
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of November. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →