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(Reuters) - U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the federal government prompted some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose three to 698 the... Continue Reading →
(Reuters) - Brazilian chemical maker Unigel is interested in purchasing a fertilizer project from Brazilian state-run oil company Petrobras (PETR4.SA) in the state of Mato Grosso do Sul, its chief executive told Reuters on Friday. The operation of the unit, whose capacity as designed by Petrobras was 3,600 tonnes per day of urea and 2,200 tonnes per... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) said on Friday it will increase natural prices for distributors in the country by an average 19% starting May 1. According to Petrobras, the adjustment follows the updating of formulas agreed with distributors, based on the variation of gas prices, Brent oil and the exchange rate. The quarterly update... Continue Reading →
(Reuters) - A major Pemex oil refinery under construction in Mexico is running over budget and unlikely to come online this year as promised, according to documents seen by Reuters and sources close to the project, despite being a presidential priority. The Olmeca refinery has an official $8.9 billion price tag approved by the board... Continue Reading →
(PN) The 13-month period of suspension of Modec from Petrobras bids comes to an end on the 30th of April. Petrobras suspended Modec for the poor performance in the operations of three FPSOs: Cidade de Rio de Janeiro, Cidade de Santos and Cidade de Niteroi. Modec's suspension from Petrobras' bids came into effect at the... Continue Reading →
Whether we realize it or not, robotics and robotics systems are starting to impact our daily lives. From warehouse picking systems through to high-end medical devices through to your mowbot lawnmower. Each tends to be specialized to its own task and a similar trend is now starting to play out in the offshore wind space,... Continue Reading →
Exxon Mobil Corp doubled its first-quarter per-share profit, it said on Friday, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia. The top U.S. oil producer tripled its buyback program, saying it will repurchase upto $30 billion in shares by the end of next... Continue Reading →
(Reuters) - When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas. But his next jobs brought one mishap after another. He was hospitalized for almost a week following a shift at a chemical manufacturing facility;... Continue Reading →
(Reuters) - Eni (ENI.MI) will press ahead with plans to find alternative gas supplies following Russia's invasion of Ukraine after first-quarter profits soared above expectations on booming prices. The Italian energy group is looking to use its presence in Africa to provide 14 trillion cubic feet of extra gas and more liquefied natural gas (LNG) to help... Continue Reading →
(OM) Petrobras expects to start up the FPSO Guanabara next month at the Mero field in the deepwater Libra block, offshore Brazil. Connection activities at the oilfield – the third largest in Brail’s pre-salt regions after Búzios and Tupi – have finished, and the company is now waiting on regulatory approvals to initiate production. This is the first permanent... Continue Reading →
Brazil Energy Insight 