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(OM) Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its Buzios deepwater project. Located in the presalt Santos Basin, Buzios production is expected to reach 2 MMbbl/d by 2030, up from a current 0.7 MMbbl/d. This equals approximately 70% of today’s total production in Brazil. The total... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed, on 07/08/22, a credit line with sustainability commitments (Sustainability-Linked Loan - SLL) in the amount of US$ 1.25 billion and maturity in July 2027. The operation was signed with the banks Bank of China, MUFG and The Bank of Nova Scotia, with competitive costs in comparison... Continue Reading →
Rio de Janeiro is betting on the existence of a consolidated oil and gas industry as a competitive advantage for the state's energy transition towards offshore wind power generation and hydrogen production. The Rio de Janeiro government sees a potential to attract investment of around US$ 85 billion in offshore energy generation, but will wait... Continue Reading →
(Reuters) - Economists polled by the Brazilian central bank expect the economy to perform better this year but see inflation staying above the official target until 2023, marking three consecutive years of non-compliance. The data is from the latest weekly Focus survey, published by the central bank on Friday after a pause due to a... Continue Reading →
(Reuters) - Argentina will take a key step on Friday in the construction of a major new natural gas pipeline for its huge Vaca Muerta shale formation, vital to helping the South American country reverse a deep energy deficit that is costing it billions of dollars. The government, rattled by a recent shakeup in the... Continue Reading →
(epbr) With a portfolio of 1.7 GW of onshore wind and solar generation in Brazil, including projects in operation, under construction or authorized, French EDF Renewables, an arm of EDF, is now targeting hybrid projects that combine offshore wind and green hydrogen (H2V) in the country. “We are very interested and we want our portfolio... Continue Reading →
(Reuters) - Colombia's highest administrative court on Thursday ruled against a lawsuit looking to nullify rules that would allow fracking projects in the Andean country, effectively overturning a moratorium on the commercial development of non-conventional oil and gas deposits, it said in a statement. The Council of State in rejecting the suit said the rules... Continue Reading →
(Reuters) - Harbour Energy (HBR.L) said on Friday that largest shareholder, EIG Asset Management, has distributed some of its stake in North Sea's biggest oil and gas producer to existing investors, resulting in a dilution in its holding to 16% from 37%. The share distribution follows the merger of debt-laden Premier Oil Plc with private equity Chrysaor... Continue Reading →
Norwegian shipping company Siem Offshore has won a long-term contract for one of its oil spill recovery vessels (OSRVs), which will carry out operations offshore Brazil. Siem Offshore revealed on Thursday that it has signed a new contract for its oil spill response vessel Siem Maragogi. No financial information about this deal was disclosed. The three-year deal... Continue Reading →
(PN) PRIO announced that it has started production at the ODP4 well, in the Frade field, in the Campos basin. The oil company received approval from the Brazilian Institute for the Environment (Ibama) for new drilling activities in the asset. The ODP4 well is particularly special, as it is the first in Frade's revitalization program.... Continue Reading →
Brazil Energy Insight 