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(Reuters - Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage. Brent crude was up 14 cents, or 0.2%, to $71.19 a barrel by 1028 GMT, reversing earlier losses. U.S. West Texas Intermediate (WTI) crude... Continue Reading →
(Reuters) - U.S. private equity firm EIG Global Energy Partners submitted a binding offer worth several hundred million dollars on Monday for Petrobras' TBG and TSB natural gas pipelines in Brazil, a source with direct knowledge of the matter told Reuters. Petroleo Brasileiro SA (PETR4.SA), as Brazil's state-run oil company is formally known, put its stakes... Continue Reading →
E&P company BW Energy has made an oil discovery in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block offshore Gabon. The well is located approximately 6 km north-northeast of the Hibiscus discovery well DHIBM-1 in approximately 115 metres of water depth. The company announced the spudding of the well on 28 July 2021. The well... Continue Reading →
Strohm has entered into a joint industry programme (JIP) with Petrobras and Shell for its thermoplastic composite pipe (TCP) flowline and riser technology. Described as game-changing, the four-year project aims to deploy Strohm’s TCP flowline and riser technology offshore Brazil by 2024. The JIP builds on earlier work performed in Brazil and commences this month. Strohm will develop, qualify and... Continue Reading →
(OE) Brazilian oil firm Enauta said Wednesday that its Atlanta field in the Santos Basin, offshore Brazil, had resumed full production following a recent pumping system failure. Enauta said Wednesday that all the wells tied to the early production system - the Petrojarl I FPSO - are operational following the completion of repairs of oil heaters.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the material fact released on August 4, 2021, informs that it is making today the payment of the 1st installment of the remuneration anticipation to shareholders related to fiscal year 2021. The gross amount distributed, in the amount of R$ 21,000,003,096.30, corresponds to a gross amount of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/12/2021, informs that today it received cash payment of US$ 2.9 billion for the obligations of its partners CNODC Brasil Petróleo e Gás Ltda. (CNODC) and CNOOC Petroleum Brasil Ltda. (CNOOC) in the Búzios Coparticipation Agreement (Agreement). With this payment, Petrobras will issue... Continue Reading →
U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and health surveys show that energy workers remain among those most reluctant to get inoculations. Calls to require vaccinations for employees working at close quarters in oilfield and refinery operations came as the U.S. Food... Continue Reading →
Australian engineering firm Worley has appointed Tiernan O'Rourke to the position of Chief Financial Officer (CFO). "Tiernan will commence in the position later this calendar year and will be based at Worley’s headquarters in North Sydney," Worley, which on Monday announced an important contract with Chevron in Australia, said. O' Rourke is currently the CFO of... Continue Reading →
(Reuters) - A fire that struck an offshore oil platform operated by Mexico's state-run Pemex cut the company's production by 444,000 barrels per day (bpd) due to the lack of natural gas to re-inject into crude fields, a company document showed on Monday. At least one person died and five others were missing following an... Continue Reading →
