Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - The chief executive of a small U.S. oil company has jumped to the forefront of the energy industry's greenhouse gas reduction efforts, recruiting high-profile firms to his vision of striking it big by selling access to carbon storage developments. Tim Duncan, the founder of Talos Energy Inc (TALO.N), a decade-old offshore oil firm with... Continue Reading →
(Reuters) - Colombia's state-run oil company Ecopetrol (ECO.CN) has asked the oil regulator to suspend contracts for two fracking pilot projects for 90 days, the company and two sources told Reuters on Tuesday. The two projects - being developed in Santander province by Ecopetrol and U.S. oil major Exxon Mobil Corp (XOM.N) - have faced stiff resistance from environmental... Continue Reading →
(PN) Petrobras announced the bidding process that will contract a new FPSO for the Albacora field. The unit will be chartered for 27 years and will have the capacity to produce 120,000 barrels per day and process 6 million cubic meters of gas per day. Petrobras' idea is to replace the two units currently in... Continue Reading →
(PN) Marine services company OceanPact announced the signing of a three-year contract with Petrobras to provide support services with the vessel RSV Parcel do Bandolim. The vessel is equipped with two remotely operated vehicles (ROVs). “The contract of Parcel do Bandolim represents the conclusion of an important investment cycle, which began in 2021, with funds... Continue Reading →
(PN) Engeman announced the signing of a contract with Petrobras, focused on preventive and corrective maintenance services on the Tupi field platforms (P-66, P-67, P-68 and P-69). The agreement will begin this month and will last for three years, with an option to renew for another two years. “This is a very important contract, as... Continue Reading →
(Reuters) Mexico's oil regulator and state company Pemex are at odds over how to develop a deepwater natural gas project, eight people close to the matter said, threatening to stall a $1.5 billion energy venture. Officials at regulator National Hydrocarbons Commission (CNH) have raised questions about whether Petroleos Mexicanos can shoulder the massive project, the... Continue Reading →
Brazilian oil company Prio will continue to assess the purchase of some assets from state-owned Petrobras even after a deal for its Albacora offshore oilfield fell through, Prio's finance chief told Reuters on Tuesday. Petrobras has in recent years sold off dozens of oil fields, as well as refineries, pipelines, gas station chains and other... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for August 2022 in the assets that the Company holds participation. The Company is the operator of Macau, Areia Branca, Fazenda Belém, Rio Ventura, Recôncavo... Continue Reading →
(OM) The global energy market continues to shift dynamically, from being oversupplied in 2020 to presently having a deficit, a trend which has been exacerbated by the ongoing Russian-Ukrainian conflict. Additionally, years of underinvestment in hydrocarbon projects has only amplified this deficit. The result: elevating the stature of nations with hydrocarbon reserves that can be... Continue Reading →
(Reuters) - Global energy trader Vitol Group smashed its previous records by making more profit in the first half of this year than in the whole of last year, people familiar with the matter said. Sources with knowledge of the results said the trading firm made close to $4.5 billion in the first six months... Continue Reading →
Brazil Energy Insight 