BW Offshore may acquire another asset in Petrobras' divestment program. Industry sources confirmed to PetroleoHoje that the Norwegian oil company was recently selected as the preferred bider for the Golfinho cluster, a deep-water package in the Espírito Santo Basin. Although BW Offshore does not comment on the subject, the company's proposal would have been around... Continue Reading →
Harbour Energy Seeks to Exit Sea Lion Offshore Project in Falkand Islands
Harbour Energy, a London-listed oil firm created through a merger between Chrysaor and Premier Oil, has decided to exit the Sea Lion oil field development in the Falkland Islands. The company has a 60 percent stake in the oil field, with Rockhopper Exploration holding the remaining 40 percent stake. The field was discovered in 2010 by Rockhopper,... Continue Reading →
Exxon, Chevron conceal payments to some governments -watchdog
(Reuters) - U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body on which the companies have board seats, EITI said on Wednesday. Exxon and Chevron have declined to publicly disclose taxes and other payments they have made to... Continue Reading →
PETROBRAS REQUESTS IBAMA OPERATING LICENSE FOR FPSO P-71 IN THE ITAPU FIELD
(PetroNoticias) Petrobras hopes to make progress soon with preparations for the start of production of the FPSO P-71 in the Itapu field, in the pre-salt of the Santos Basin. The state-owned company recently asked the Brazilian Institute for the Environment (Ibama) for a license to operate the platform vessel – which should start operating in... Continue Reading →
World’s Largest Floating Wind Farm Goes Online
The construction of the world’s largest floating wind farm Kincardine, in the UK, is now complete, marking the start of the long-term Power Purchase Agreement (PPA) signed in 2018 between Kincardine Offshore Windfarm Ltd. (KOWL’s) joint venture and Statkraft. The floating wind farm features Principle Power-developed Windfloat semi-submersible foundations on which five MHI Vestas V164-9.5... Continue Reading →
DOME AND TECHNIPFMC EXTEND SPOOLBASE CONTRACT
(PetroleoHoje) Dome and TechnipFMC agreed to extend the contract for the spoolbase area, at Porto do Açu, for another 20 years. The contract, which had been negotiated since the start of operations at the base in April, should be formalized this week. With the agreement, the deal between the two companies will go into effect... Continue Reading →
Petrobras on Transpetro
Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors of its subsidiary Petrobras Transporte S.A. (Transpetro) received a letter of resignation from Gustavo Santos Raposo as CEO of the company, with effect from September 24, 2021. Transpetro's Board of Directors will deliberate on the nomination of Transpetro's Service Director, Luiz Eduardo Valente, to... Continue Reading →
EXCLUSIVE JPMorgan faces oil bribery probe in Brazil
Sept 22 (Reuters) - Brazilian authorities are investigating whether JPMorgan Chase & Co (JPM.N) played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on purchases of... Continue Reading →
Electric vehicles may cut global refining capacity demand by half in 2050 – Rystad
(Reuters) - A global drive towards electrification of road transport to reduce carbon emissions may cut demand for the world's oil refining capacity by half in 2050, consultancy Rystad Energy says. "Going forward we will be touching by 2050 somewhere very close to 90% of electrification," Mukesh Sahdev, senior vice president and head of downstream... Continue Reading →
Shell to invest $565 million in renewable energy in Brazil through 2025
(Reuters) - The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the capex is related to solar energy projects, the executives said. The head of renewable development for Latin America, Gabriela Oliveira, said Shell has 2GW of... Continue Reading →
