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(Reuters) Angola has accumulated around $1 billion in debt to western oil companies operating its oilfields, with the bill prompting the African country’s recently launched sale of stakes in its flagship offshore blocs, three industry sources told Reuters. The magnitude of the debt, built up over several years, is a sign of deepening financial woes... Continue Reading →
Baker Hughes has secured two contracts by Petrobras to provide 322 kilometers of flexible pipes across five fields offshore Brazil. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields, while the second covers up to 226 kilometers of flexible pipe for the Marlim 2 and Itapu fields. Baker Hughes’ flexible... Continue Reading →
(Quartz) Towering wind turbines already speckle seas across Europe and Asia and a boom in construction is expected to bring an economic bonanza to the US East Coast. But even this climate-friendly technology could soon evolve into something bigger and better. Almost all the offshore wind turbines operating right now stand atop towers driven into sea beds.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started today an international biddingprocess, in EPC (engineering, procurement and construction) mode, for the implementation of a new diesel hydrotreatment unit and the necessary auxiliary systems, aiming at adapting and modernizing the refining park at the Paulínia Refinery (REPLAN). With this project, REPLAN will be able... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on June 2, 2021, related to the sale of its 27.88% interest in Deten Química S.A. (Deten), informs that it postponed to July 8, 2021 the deadline to execute the Confidentiality Agreement and the Compliance Certificate and grant access to the Confidential Information Memorandum... Continue Reading →
Fugro has completed the divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO for $16 million in cash. PXGEO acquired Seabed’s ocean bottom node inventory, handling equipment, related technology, intellectual property, and project backlog. In addition, PXGEO informed that a significant number of personnel responsible for the delivery of... Continue Reading →
(Reuters) - Colombia will launch plans in September to develop the production and use of hydrogen as a long-term clean energy source, the Minister of Mines and Energy said on Tuesday, while voicing hope this year's oil and gas auction will be successful. The South American country will publish a road map to establish over... Continue Reading →
(Reuters) - Swiss prosecutors said on Wednesday they are investigating whether bribery, money laundering or other crimes linked to Ecuador oil trading were committed in Switzerland following a U.S. criminal case against an ex-Gunvor Group employee. U.S. prosecutors are investigating "the suspected bribery of Ecuadorian public officials and money laundering," the Swiss attorney general's office... Continue Reading →
Dutch floater operator SBM Offshore has completed the project financing for a total of $1.05 billion for the FPSO Prosperity, which is destined to operate on ExxonMobil’s Payara development offshore Guyana. The project financing, secured by a consortium of 11 international banks, will be drawn in full, phased over the construction period of the FPSO.... Continue Reading →
Brazilian oil company Enauta said Monday it had completed the transfer of a 50% stake in the Atlanta offshore field, previously held by Barra Energia. Enauta in April said it had received regulatory approval to take full ownership of the Atlanta offshore oil field in Brazil, following the decision by its partner Barra Energia to exit... Continue Reading →
