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Petrobras widens its oil & gas footprint in Brazil’s Campos Basin

Brazilian state-owned oil and gas giant Petrobras has taken steps to become the sole owner of a portion of the ring-fence of a field in BC-10 Concession in the Campos Basin, currently held by Shell Brasil Petróleo, a subsidiary of UK-headquartered Shell, ONGC Campos, a Brazilian arm of India’s energy giant ONGC, and Enauta Petróleo e Gás, an affiliate of Brazil’s Brava Energia. The post Petrobras widens its oil & gas footprint in Brazil’s Campos Basin appeared first on Offshore Energy.

Shell enriches gas business with $22 billion ARC Resources takeover

UK-headquartered energy giant Shell has made a move to strengthen its liquefied natural gas (LNG) arsenal through a multibillion-dollar cash‑and‑share deal for the acquisition of Canada-based ARC Resources. The post Shell enriches gas business with $22 billion ARC Resources takeover appeared first on Offshore Energy.

North Sea oil & gas seen as linchpin of UK’s energy security and net zero transition

Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has portrayed the oil and gas production from the North Sea as a backbone of the nation’s security of supply to prevent over-reliance on imports and continue to pursue and implement the transition to a low-carbon and net-zero future. The post North Sea oil & gas seen as linchpin of UK’s energy security and net zero transition appeared first on Offshore Energy.

Seatrium ticks tugboat fleet sale off non-core asset divestment list

Singapore-based offshore, marine, and energy solutions provider Seatrium has brought to a close the disposal of its tugboat fleet as it continues its mission to part ways with non-core assets in its portfolio. The post Seatrium ticks tugboat fleet sale off non-core asset divestment list appeared first on Offshore Energy.