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Oct 18, 2019 Project forecasts supply of thermoelectric plant in Roraima with natural gas produced in the field Eneva has begun construction of the Azulão field liquefaction terminal in the Amazon Basin. The integrated project also includes the installation of a gas treatment unit and the construction of a thermoelectric plant in the municipality of... Continue Reading →
October 18, 2019 Petróleo Brasileiro S.A. – Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil, (ii) environmental process in the state of Paraná; and (iii) disputes on special participation and royalties involving the National Agency of... Continue Reading →
Carlos Romero Deschamps, the head of Mexico’s oil workers’ union, has resigned after almost three decades in position, amid corruption accusations. The resignation comes in the same week in which the country’s president Lopez Obrador said Deschamps was being investigated by the Attorney Genera’s office and suggested that it was best for a person in... Continue Reading →
Oct 18, 2019 There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday. "Diversification into renewable energy and the circular economy is crucial," Claudio Descalzi told financial daily Il Sole 24 Ore in an interview. Asked about interest... Continue Reading →
Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America. The international business has been a bright spot for the world's largest oilfield services provider since last year... Continue Reading →
Oct 18 ,2019 Field areas in the Campos Basin should be included in the ANP permanent offer regime. Petrobras informed the ANP of its interest in voluntarily returning the areas of modules 1 and 2 of the Espadarte field in the Campos Basin. If the order is approved, the areas - which have not been... Continue Reading →
October 17, 2019 Petrobras plans to begin production testing on its Sergipe deepwater discoveries in November, the company told the National Petroleum, Natural Gas and Biofuels Agency (ANP). The project had to be postponed for one year for maintenance at FPSO Cidade de São Vicente. The agency's board approved the new project schedule on... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced its operational update for the three-month period ended September 30, 2019 (“3Q2019”). All figures are expressed in US Dollars and... Continue Reading →
October 18, 2019 Further to the announcement dated September 30, 2019 confirming its participation in the public sale auction of the equity ownership of Serviços de Petróleo Constellation S.A. (“Constellation”) in the lease and operating companies related to five Brazilian FPSOs (“the entities”), SBM Offshore confirms it has been formally designated as the... Continue Reading →
Brazil’s Supreme Court began debating on Thursday whether to overturn a three-year-old rule that convicted criminals must go to prison right after losing their first appeal and not wait until they have exhausted their appeal options. The rule contributed to the success of Brazil’s biggest corruption investigation, the so-called Car Wash operation that put dozens... Continue Reading →
Brazil Energy Insight 