(TNPetroleo) Equinor Brasil Energia signed a contract for drilling in the Bacalhau field with Seadrill Management, subject to the final investment decision. The duration of the contract is four years, with start-up scheduled for the first quarter of 2022. The goal is to drill six wells until production begins in 2024. The contract also includes... Continue Reading →
Rio and the country can benefit from investments in offshore wind energy
Firjan (Rio de Janeiro Industrial Federation) believes that the state of Rio needs to keep new energy opportunities on the radar, taking advantage of the synergies between the existing offshore markets and the potential of offshore wind projects. In addition to the similarity of environment, labor skills have the potential to transition between operations and... Continue Reading →
Big Oil’s Credit Risk Increased after Dutch Court Ruling, Investor Pressure
Rating agency Moody's said on Friday that the credit risk of major oil producers has increased with recent events including Royal Dutch Shell losing a Dutch climate lawsuit this week and Exxon losing a battle with shareholders. Chevron also lost a vote to shareholders demanding it cut emissions further. "These actions represent a substantial shift in the landscape for oil companies, which... Continue Reading →
Total rebrands as TotalEnergies to reflect energy transition goals
(WO) At the Ordinary and Extraordinary Shareholders’ Meeting, shareholders approved, almost unanimously, the resolution to change the company’s name from Total to TotalEnergies, thereby anchoring its strategic transformation into a broad energy company in its identity. In tandem with this name change, TotalEnergies is adopting a new visual identity. “Energy is life. We all need... Continue Reading →
PETROBRAS ANNOUNCES MEGA BIDDING RESULTS FOR MAINTENANCE OF CAMPOS BASIN PLATFORMS
(PetroNoticias) The week is coming to an end with a result long awaited by the Brazilian chain of offshore service providers. Petrobras opened the proposals of the companies that competed in the mega bid for the maintenance and repair of several platforms in the Campos Basin. The tender offered four lots with a reference budget... Continue Reading →
Investors to Big Oil: Energy transition is happening, and there’s no going back
(Bloomberg) --Fresh from striking a hammer blow in the boardrooms of the world’s biggest oil companies, the climate movement has a clear message: the energy transition is happening and there’s no turning back. Just five years ago, environmental activists were limited to waving placards outside of annual meetings and to the odd shareholder proposal, inevitably... Continue Reading →
United Offshore Support Expands into Mexico
Following a significant contract win in Brazil, United Offshore Support GmbH (UOS) announced the expansion of its Americas business into Mexico. The Germany-based company recently secured a contract with ENI Mexico, part of Eni S.p.A, to provide drilling support for the Valaris 8505 semisubmersible rig. The 2010-built UT786CD design anchor handler G.H. Atlantis will perform... Continue Reading →
Petrobras charter contract for the Parque das Baleias FPSO attracts only one proponent – Yinson
(PetroleoHoje) Petrobras received only one offer in the bidding for the chartering of the FPSO for the Integrated System of Parque das Baleias, a project located in the Campos Basin. Only Yinson presented an offer for the bid, held Wednesday. Although the commercial proposal has not yet been opened by Petrobras, it is taken for... Continue Reading →
PETRORIO OFFERING OF SENIOR NOTES
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in accordance with the provisions of Instruction No. 358, of January 3, 2002, as amended, issued by the Brazilian Securities and Exchange Commission (“CVM”), informs its shareholders and the market in general that PetroRio Luxembourg S.à.r.l., incorporated under the laws of the Grand Duchy of Luxembourg (“PetroRio... Continue Reading →
Petrobras to make a scheduled maintenance stop at Abreu e Lima Refinery (RNEST)
(epbr) Petrobras will stop processing at the Abreu e Lima Refinery (RNEST), in Pernambuco, between the months of June and August, for the first scheduled maintenance stop at the unit. - RNEST has the capacity to process 130,000 barrels of oil per day (train 1), with a focus on diesel production (70%). It was designed... Continue Reading →