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Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the Gulf of Mexico. The teaser,... Continue Reading →
Oilfield services firm Baker Hughes and Norway's Akastor have completed the previously proposed merger of Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth). MHWirth provides advanced drilling solutions and services, and Baker Hughes’ SDS business is a division of the Oilfield Equipment segment of Baker Hughes, headquartered in Houston, which... Continue Reading →
(WO) --The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have already surged to almost double that level in oil equivalent terms, and BofA says a spike in demand for diesel... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has concluded the obligations set forth in its agreement with the U.S. Department of Justice (“DOJ”), previously disclosed in its 09/27/2018 release. The non-prosecution agreement, which related to Petrobras’ internal controls, accounting records, and financial statements during the period from 2003 to 2012, included certain obligations to... Continue Reading →
France-based geophysical services company CGG has completed the sale of its GeoSoftware business to Topicus and Vela Software. The company has closed the sale for a total cash consideration of $95 million with the transaction effective from 1 October 2021. To remind, CGG entered into an agreement with Topicus and Vela Software for the sale of the... Continue Reading →
Ivory Coast President Alassane Ouattara and Eni CEO Claudio Descalzi met Friday to discuss the progress of Eni's activities in the country, following the giant offshore oil discovery of Baleine 1-X. As previously reported, Eni in September announced the major oil discovery in block CI-101, in what was the company's first exploration well drilled in the... Continue Reading →
UK-based oilfield services firm Expro and Dutch-based drilling and completions solutions provider Frank’s International have completed the previously announced all-stock merger. The combined company has assumed the Expro Group Holdings name. "This is an exciting day for Expro and Frank’s as we bring our companies together to create a new global leader with the breadth... Continue Reading →
(Reuters) - Governments need to step up investment in hydrogen production and storage chains to help cut net emissions to zero, the International Energy Agency (IEA) said on Monday. States and private investors had so far only come up with about a quarter of the $1,200 billion needed by 2030 to develop and deploy hydrogen... Continue Reading →
(Reuters) - Petrobras (PETR4.SA) Chief Executive Officer Joaquim Silva e Luna said there was "zero" risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have to raise gasoline and diesel prices in line with its international... Continue Reading →
The ANP will carry out on October 7th, from 9 am, the 17th Round of Bidding Blocks for exploration and production of oil and natural gas. 92 blocks will be offered, located in 11 sectors with high potential and new frontiers in four Brazilian offshore sedimentary basins: Campos, Pelotas, Potiguar and Santos. Due to the... Continue Reading →
