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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/28/2021, informs that its wholly-owned subsidiary Petrobras Bolivia S.A. (PEB) was notified today of a decision by the Agro-environmental Court of the city of Sucre that annulled a first instance sentence that required PEB to pay US$ 61 million, plus interest and costs,... Continue Reading →
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Fact of November 19, 2020, informs its shareholders that the country’s National Petroleum, Gas and Biofuels Agency (“ANP”) has approved the purchase of 35.7% in the BM-C-30 Block (“Wahoo” or “Wahoo... Continue Reading →
Chemicals group BASF put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies. BASF and co-owner LetterOne will postpone the Initial Public Offering (IPO), previously slated for the second half of 2021, to a later point in... Continue Reading →
(Reuters) - Brazil’s central bank delivered its third consecutive interest rate increase of 75 basis points on Wednesday and raised the specter of larger hikes ahead as it returns to “neutral” rates, dropping plans for a “partial” normalization of policy. With economic growth much stronger than many had expected and inflation forecast above the central... Continue Reading →
(WO) Schlumberger announced an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation of the subsea production systems (SPS) and subsea pipelines (SURF). The development will include 19 trees as well as associated subsea equipment including subsea... Continue Reading →
(PetroNoticias) The interest in the 17th Bidding Round, which is scheduled for October 7, should focus on three blocks in the Santos Basin that are cut by the 200 nautical mile limit. According to data presented by the National Petroleum Agency (ANP), the three areas together have volumes of more than 7 billion barrels oil.... Continue Reading →
Jack-up drilling contractor Shelf Drilling has been awarded a one-year contract for the Shelf Drilling Tenacious jack-up rig with Chevron's Angola subsidiary Cabinda Gulf Oil Company. The contract in Angola is expected to start in January 2022, and, according to the offshore drilling rig owner, includes multiple option periods.David Mullen, Chief Executive Officer, Shelf Drilling,... Continue Reading →
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition. Speaking at the Underwater Technology Conference (UTC) Wednesday (June 16), Arne Sigve Nylund, EVP for Technology, Projects and Drilling at Equinor, said... Continue Reading →
(PetroleoHoje) Petrobras will close a new charter contract with drillship Norbe IX, from Ocyan. The drilling company was declared the winner of the Brazilian oil company's bid to contract one or more rigs as of the first quarter of 2022. The result of the tender was confirmed by Petrobras on the Petronect website. Despite the... Continue Reading →
(Reuters) - Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories. The American Petroleum Institute reported U.S. crude inventories fell 8.5 million barrels, two market sources said, more than... Continue Reading →
