Brought to you by Quest Offshore & Southern Cone Consultants
Portugal’s Galp Energia earmarked between 1 billion euros ($1.11 billion) and 1.2 billion euros in annual investment until 2022 in an increase from up to 1 billion under a previous plan, seeking to expand its natural gas and renewable energy business. The oil company’s chief executive, Carlos Nuno Gomes da Silva, said on Tuesday it... Continue Reading →
Norwegian engineering company Aker Solutions aims to generate about half of its revenue from renewable or distinct low carbon solutions by 2030, according to the company’s 20/25/30 strategy. n a statement on Wednesday, Aker Solutions said the oil and gas industry would remain Aker Solutions’ biggest market, but over the next decade the company would... Continue Reading →
Norwegian engineering company Aker Solutions recorded a decrease in its third quarter 2019 profit, but its revenues jumped by 9% driven by increased activity levels compared to the same period last year. Aker Solutions said in its quarterly report on Wednesday that its net income in the third quarter 2019 was NOK 93 million ($10.2M),... Continue Reading →
Brazil’s Senate Constitutional and Legal Affairs Committee on Tuesday approved the text of a pension reform bill, paving the way for a second and final plenary vote later in the day that will finally enact the landmark bill into law. Brazilian markets rallied and stocks hit an all-time high as the government’s key policy this... Continue Reading →
Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years. Natural gas is considered both a promising opportunity and a vexing problem in Brazil. The Latin American oil powerhouse is rapidly developing a... Continue Reading →
Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to the state-run oil firm’s trading operations. In an interview on Monday, the head of Pre-Salt Petroleum, better known by its Portuguese acronym PPSA, said it is close to inking a deal in... Continue Reading →
Oct 22, 2019 The Dutch group OOS is the new owner of the semi-submersible ODN Delba III, which until August was part of Ocyan's fleet in Brazil. The company acquired the equipment after settling the operation with a pool of banks financing the unit, led by the Inter-American Development Bank (IDB). Made in conjunction with... Continue Reading →
October 21, 2019 The National Agency of Petroleum, Natural Gas and Biofuels (ANP) published this Monday (21) a project summary of Brasil Refinarias to build a unit with capacity to process 735 barrels / day (117 m³ / day) in Bahia. According to information sent by the company to ANP, the unit is designed to... Continue Reading →
Temasek, which currently owns 20,45 percent in Keppel, intends to offer S$7.35 per share for 30,55% Keppel shares, an offer estimated to be valued at ~S$4,1 billion. The announcement of the intention to make an offer was made on Monday by Morgan Stanley, on behalf of Temasek’s subsidiary Kyanite Investment. According to Temasek, the price... Continue Reading →
Switzerland’s top prosecutor filed its first indictment against an individual in the long-running Petrobras-Odebrecht corruption scandal, charging the unidentified person with bribing foreign public officials and money laundering. The case against the person of Swiss-Brazilian origin is being run using an accelerated procedure at the Swiss Federal Criminal Court, the Attorney General’s office said in a statement... Continue Reading →
Brazil Energy Insight 