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Offshore drilling contractor Seadrill has seen its reorganisation plan overwhelmingly accepted by all classes of voting creditors and shareholders and is on track to exit Chapter 11. Seadrill filed for Chapter 11 back in February 2021 and has been working since then on a plan to emerge from bankruptcy. In late July, the rig owner hammered out the... Continue Reading →
Offshore vessel owner DOF Subsea has entered a partnership deal with offshore survey firm Ocean Floor Geophysics Inc. (OFG) to offer Autonomous Underwater Vehicle (AUV) services to the international offshore industry. "The partnership will effectively leverage the two businesses’ recent collaboration in the development of the OFG AUV non-contact integrated Cathodic Protection (iCP) inspection system... Continue Reading →
Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have. "We have plenty of cash," Chief Executive Saad al-Kaabi said on... Continue Reading →
(Bloomberg) --Major energy traders including Gunvor Group Ltd. and Mercuria Energy Group Ltd. have reduced the size of their trading positions and increased borrowing from lenders to cover large margin calls stemming from the unprecedented surge in European gas prices, according to people familiar with the matter. Commodity trading houses have been expanding their natural... Continue Reading →
(Reuters) - Colombia on Friday signed exploration and production contracts for four off-shore blocks with energy company Anadarko, a subsidiary of Occidental Petroleum Corp , with expected investment commitments of $1.4 billion. The four blocks, which will be wholly owned by Anadarko Colombia Company, are located off the Andean country's Caribbean coast and cover some... Continue Reading →
Petrobras prepares to drill wells on the Equatorial Margin, in blocks in the Foz do Amazonas, Potiguar and Barreirinhas basins. The oil company today opened a public tender (nº 7003659184) for the contracting of charter services for large helicopters that will be used in exploratory campaigns in these regions, located in the North and Northeast... Continue Reading →
The National Environment Council (Conama), which will allow Petrobras to reduce emissions in new projects with fully electrified platforms. The state-owned company says it is technologically prepared to adopt this type of platforms and, with the amendment to Resolution 382/2006, approved by Conama, it is able to incorporate the technology in its new maritime units.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in alignment with its ongoing contingency assessment process, it signed an agreement today in the scope of the three public civil actions investigating environmental damage resulting from the leakage of the Santa Catarina - Paraná (OSPAR) oil pipeline, which occurred on July 16, 2000, in the city of... Continue Reading →
(epbr) The regulatory framework for offshore wind farms must be done by decree and create rules to define, by auction, who will have the right to explore maritime areas for energy generation. The auction would solve the dilemma of overlapping projects currently in the licensing process with Ibama, for example. -- The Minister of Mines... Continue Reading →
(Bloomberg) Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. Crude and natural gas drillers chastened by last year’s unprecedented collapse in demand and prices haven’t responded to the recent market... Continue Reading →
