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(PN) Petrobras announced that it achieved a new national record in well construction in deep waters. The feat was achieved in the Marlim field, in the Campos Basin. The 7-MRL-233H-RJ well is in a water depth of 850 meters and was built in just 35 days. The record surpasses the company's best result so far... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) is reviewing its full-year outlook after wind turbine division Siemens Gamesa (SGREN.MC) unveiled deeper-than-expected operating problems and rising costs that together triggered a substantial quarterly loss. Siemens Energy also said the operating environment had become more challenging due to the war in Ukraine as well as sanctions imposed on Russia, adding it could not... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best corporate governance practices and in addition to the Material Fact of November 5, 2020, informs its shareholders and the market in general that it formally notified Gas Bridge S.A. (“Gas Bridge”) of the SPA termination, which aimed to sell the 10% interest in the Manati... Continue Reading →
(Reuters) - Argentina has extended a concession held by energy firms Total Austral, Wintershall Dea Argentina and Pan American Sur for 10 more years until 2041, and approved an investment plan for $700 million, according to a government decree published on Tuesday. The extension for exploring conventional oil and gas in the 1,900 square kilometers... Continue Reading →
(PN) Acelen, the investment arm of Mubadala Capital, announced that it will invest BRL 500 million in the Mataripe Refinery (formerly RLAM), in Bahia. The funds will be applied to the plant's scheduled maintenance shutdown cycle over the next 12 months. The company's expectation is that up to 4,000 jobs will be generated at the... Continue Reading →
Global completions specialist Tendeka has appointed a new business development manager for Latin America to expand the use of technologies across the region. Maurilio Solano will be working with local operators to implement Tendeka’s key technologies such as FloSure, Filtrex and PulseEight EAV (Electronic Ambient Valve) across Latin America. With almost 30 years in the... Continue Reading →
(PetroleoHoje) From a list of 195 fields, 71 have already have their royalties reduced according to ANP Resolution No. 853/2021, which allows the reduction of the royalty rate to 5%, in the case of fields granted to small companies, and to 7, 5%, for fields operated by medium-sized companies, if they comply with the requirements... Continue Reading →
(Offshore Energy) The global social networking company Meta – formerly known as Facebook – has expressed interest in the hybrid offshore renewable energy solution developed by GEPS Techno. Jean-Luc Longeroche, CEO and co-founder of Geps Techno, said that Meta had confirmed its wish to work with the company in order to multiply the power of its submarine cables by... Continue Reading →
(Offshore Energy) Oil and gas exploration company Eco (Atlantic) Oil & Gas has made its required capital expenditure contribution and is on track to start drilling a high-impact exploration well located in Block 2B, located offshore South Africa, by October this year as scheduled. The joint venture (JV) partnership for Block 2B is operated by a subsidiary... Continue Reading →
(Offshore Energy) The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the International Energy Agency’s forecast for gas demand this year. According to the IEA’s quarterly update from late last week, the world’s demand for natural gas is set to decline slightly in 2022... Continue Reading →
Brazil Energy Insight 