Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Top African oil exporters Nigeria and Angola will struggle to boost output to their OPEC quota levels until at least next year as underinvestment and nagging maintenance problems continue to hobble output, sources at their respective oil firms warn. Their battle mirrors that of several other members of the OPEC+ group who curbed production... Continue Reading →
China's state-run offshore oil and gas major CNOOC Ltd said it plans to raise up to 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects. The domestic fund-raising plan came as U.S. sanctions on CNOOC has forced global investors to exit... Continue Reading →
(Reuters) - Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for $80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions. Brent crude was up 92 cents or 1.2% at $79.01 a barrel by... Continue Reading →
Fugro has completed a geohazard site investigation programme for TotalEnergies off the north-west coast of Paramaribo in Block 58 of the Guyana-Suriname Basin. The project involved the acquisition and analysis of geophysical data and geotechnical soil samples approximately 150 kilometres offshore in water depths ranging from 60 metres to 2,100 metres. Fugro carried out the... Continue Reading →
Harbour Energy will exit its exploration license interests in the Ceará basin off northeast Brazil and in the Burgos basin offshore Mexico. The company, formed last year from the merger between Chrysaor and Premier Oil, said its exploration strategy was to focus mainly on infrastructure-led, lower risk opportunities in areas where the company already has a producing... Continue Reading →
The National Petroleum Agency (ANP) this week approved a resolution that deals with procedures for presenting guarantees and instruments that ensure the decommissioning of production facilities in oil and gas fields in the country. The presentation of these financial guarantees was already foreseen in the exploration and production contracts. The agency's new resolution brings more... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/25/2020, informs that it concluded, on this date, the sale of its 40% interest in the company GNL Gemini Comercialização e Logística de Gás Ltda. (GásLocal) to White Martins Gases Industriais Ltda. (White Martins), ending the controversies arising from the activities of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices to the holders of the outstanding 4.250% Global Notes due 2023 (“4.250% Notes”) and 4.375% Global Notes due 2023 (“4.375% Notes” and, together with the 4.250% Notes, the “Notes”) announcing the redemption prices for... Continue Reading →
(TN) Porto do Açu became the first port in Brazil to receive EcoPorts certification, the sector's main certification initiative. The seal, obtained this week, incorporates the main internationally recognized environmental management standards, such as ISO 14001. One of the network's objectives is to standardize good environmental management practices in the port sector through cooperation and... Continue Reading →
(PetroleoHoje) PetroRio defined the contracting of the drilling service for the Frade and Wahoo projects, in the Campos Basin. The start of the campaign is scheduled for the first quarter of 2022. Instead of the original proposal to close a single package, the oil company opted to split the process into three different businesses, hiring... Continue Reading →
Brazil Energy Insight 