PETROBRAS REPORTS PROPOSALS BELOW THAN EXPECTED FOR REPAR, BUT AGREES ON THE SALE OF OTHER THREE REFINERIES

The finance director of Petrobras, Rodrigo Araújo, revealed that the company received proposals with “substantially lower” values ​​in the sale process of the Presidente Getúlio Vargas Refinery (Repar), located in Paraná. Within the company's divestment program in the refining segment, this transaction is behind in relation to other negotiations, as detailed during a virtual conference... Continue Reading →

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SBM Offshore announces share repurchase

SBM Offshore is pleased to announce a EUR150 million (c. US$180 million) share repurchase program, effective from August 5, 2021. The objective of the program is to reduce share capital and, in addition, to provide shares for regular management and employee share programs. The repurchase program is expected to be completed within the year 2021, and... Continue Reading →

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Subsea 7 sees continued pickup offshore Brazil, GoM

(Offshore) Subsea 7 has issued updates on its offshore energy activities in its 2Q results review. Subsea 7 has issued updates on its offshore energy activities in its 2Q results review. Offshore China, the company completed work on CNOOC’s Lingshui project using the Seven Borealis and Seven Eagle vessels. In the Norwegian sector, the Seven Arctic installed umbilicals for Aker BP’s Ærfugl Phase 2-Skarv tieback... Continue Reading →

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Floating wind development could incorporate green hydrogen

Simply Blue Energy and Subsea 7, the consortium behind the proposed Salamander floating wind project, have signed an MOU for potential incorporation of ERM’s Dolphyn hydrogen technology. Simply Blue Energy and Subsea 7, the consortium behind the proposed 200-MW Salamander floating wind project, have signed a memorandum of understanding for potential incorporation of ERM’s Dolphyn hydrogen... Continue Reading →

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Glencore to return $2.8 bln to shareholders in 2021

(Reuters) - Glencore (GLEN.L) will return $2.8 billion to shareholders in 2021 after soaring commodity prices helped the mining and trading company to a record performance for the first six months of the year, it said on Thursday. The London-listed company joins rivals Rio Tinto (RIO.L) and Anglo American (AAL.L) in declaring bonanza payouts after record half-year profits buoyed by a... Continue Reading →

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Prysmian inks €66M subsea umbilicals deal with Petrobras

Italian cabling company Prysmian Group has secured a new contract with Petrobras to deliver deep-water electro-hydraulic umbilicals and specialized offshore and logistic services. As part of the contract, Prysmian will provide 200 kilometres of subsea umbilicals using both steel tube and thermoplastic technology for upgrades in brownfield and greenfield projects in Brazil. The €66 million... Continue Reading →

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