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(PetroNoticias) ExxonMobil notified the National Petroleum Agency (ANP) of the discovery of traces of oil in the pioneer well 1-EMEB-2-RJS (Titã-1), in the Titan block in the Santos Basin. The milestone was reached approximately three months after the start of drilling at the site, which is being carried out by the West Saturn drillship, chartered... Continue Reading →
Offshore accommodation rig provider Prosafe has achieved what it says is an important milestone in its financial restructuring following the approval of its plan in Norway. Prosafe’s financial restructuring process is on track with formal support from all lenders already received. The extraordinary general meeting approved the solution on 27 September 2021, the Singapore scheme was sanctioned... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Resolution no. 44 of 08/23/21, informs that it was notified by Capital Research Global Investors (CRGI), an independent investment division of Capital Research and Management Company, that it sold preferred shares issued by the Company, and that on 11/05/21, it began to manage... Continue Reading →
Helix Energy Solutions and Trendsetter Engineering have partnered up to provide integrated hydraulic intervention services for subsea wells and flowlines. The new partnership will integrate Trendsetter’s 15,0000psi Subsea Tree Injection Manifold (15K STIM) and personnel into Helix’s fleet of well intervention vessels and equipment used to perform well services globally. Helix’s well intervention vessels include... Continue Reading →
Karoon Energy announced that financial close has been reached on the Company’s US$160 million reserve-based, non-recourse, syndicated debt facility. An initial draw down, in accordance with the facility agreement, of US$30 million has been made in preparation for investments in the Baúna intervention campaign and Patola development in Brazil. This marks a significant step in... Continue Reading →
FPSO operator BW Offshore has been awarded a contract extension for a vessel operating in waters offshore Nigeria. BW Offshore said on Monday that the Sendje Berge FPSO has won a one-year extension with Addax Petroleum Exploration (Nigeria). The firm period has been extended to the fourth quarter of 2022. The Sendje Berge FPSO is located on... Continue Reading →
(Reuters) - A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change. The business observers pointed to several steps by world leaders they said could boost sustainable business... Continue Reading →
(Reuters) - Demand for liquefied natural gas (LNG) has never been higher, but developers in North America are headed into the final weeks of the year without having approved one new project yet. Global natural gas prices are near record highs, as utilities in Europe and Asia compete for whatever LNG cargoes they can get... Continue Reading →
(Reuters) - Brazilian President Jair Bolsonaro lamented on Saturday that state-run oil company Petrobras sets domestic fuel prices independent of government interference and repeated his desire to privatize the firm. "We know about inflation, the rise in fuel prices. We know about Petrobras. The company is independent unfortunately, independent. And we're looking for a way... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras has selected a consortium led by PetroRio SA (PRIO3.SA)for bilateral talks over the sale of its Albacora and Albacora Leste offshore oil fields, both companies said on Friday. The value of PetroRio's bids was not immediately clear, but Petrobras said in September that "the offers may exceed $4 billion... Continue Reading →
