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(Reuters) A stark appeal by the world's top energy body to stop investment in new fossil fuel projects by next year has met a mixed reception from the world's top producers - from guarded praise and pledges to cut back on coal to outright defiance. The International Energy Agency said in its "Net Zero by... Continue Reading →
(epbr) Production at Pão de Açúcar, discovered at BM-C-33, pre-salt in the Campos Basin and operated by Equinor Brasil (35%), will have an unprecedented natural gas treatment system installed on the topside of the production platform itself. It was the solution found to deal with the great potential for natural gas production associated with the... Continue Reading →
Brazil newly created rental and services company, WAMS, adds iXblue DriX Unmanned Surface Vehicle (USV) to its existing pool of equipment. Offering the most modern technology for underwater service and research, this new investment marks an important turn in the company’s offering. Available for WAMS customers in Brazil, the DriX USV will increase operational performance... Continue Reading →
Seadrill Partners, an affiliate of offshore drilling firm Seadrill, said Tuesday it had emerged from Chapter 11 bankruptcy for which it had filed in December 2020. The company said it has successfully completed its reorganization, turning around $2.8 billion in funded debt obligations into equity, and leaving the company debt-free on emergence. As part of the reorganization plan, new... Continue Reading →
(Reuters) Chinese state-controlled oil giant Sinopec, said it expects to launch its first green hydrogen project, a zero-carbon fuel generated from renewable energy sources, in the Inner Mongolia region in 2022. The company, China's largest hydrogen producer, also said it will focus on fossil fuel-based hydrogen output over the next five years and set up... Continue Reading →
Omni Táxi Aéreo, a leader in the Offshore transport segment, continues to support Petrobras' logistics operations and has just signed another 12 contracts with the company for the offshore transport of passengers and small cargo. The contracts were the subject of a bidding process carried out in September 2020 to update the existing fleet. Operations... Continue Reading →
(WO) Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction will transfer Shell’s interest in... Continue Reading →
U.S. oil and gas company Hess Corporation has increased its interest in an ExxonMobil-operated block located offshore Guyana on the back of recent oil discovery in the block. Kaieteur block off Guyana; Source: Ratio Petroleum Westmount Energy, one of the partners in the Kaieteur Block, on Monday noted the announcement by Ratio Petroleum that Hess... Continue Reading →
Brazilian oil company Petrobras has awarded offshore services provider Subsea 7 a "very large" contract for the delivery of subsea equipment for the Mero 3 deepwater field development, offshore Brazil. A very large contract, according to Subsea 7, is one worth between USD 500 and 750 million. The Mero-3 field is located some 200 kilometers... Continue Reading →
(Reuters) Goldman Sachs said it expects oil prices to climb to $80 per barrel in the fourth quarter of this year, arguing that the market has underestimated a rebound in demand even with a possible resumption in Iranian supply. "The case for higher oil prices therefore remains intact given the large vaccine-driven increase in demand... Continue Reading →
