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FPSO operator BW Offshore has received a short-term contract extension for a floating, production storage and offloading (FPSO) vessel operating for the Houston-based Vaalco offshore Gabon. The FPSO will be replaced with an FSO unit as part of the Etame Marin field reconfiguration project. BW Offshore revealed on Sunday that it has entered into a... Continue Reading →
- Petróleo Brasileiro S.A. – Petrobras, in continuation of the notice released on 08/19/2022, hereby informs that it was concluded, on this date, the bookbuilding procedure of the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), subject to public distribution, with restricted distribution... Continue Reading →
Italy’s oilfield contractor Saipem and Australia’s engineering company Worley have backed an industry initiative, which aims to eliminate methane emissions from the upstream oil and gas industry by 2030. Saipem and Worley revealed on Wednesday that they have joined the Aiming for Zero Methane Emissions Initiative, which was established by the Oil and Gas Climate Initiative (OGCI)... Continue Reading →
(Bloomberg) — Nigeria lost its crown as Africa’s largest crude producer as Angola surpassed the country for the first time in more than five years. Angola’s average daily output in August of 1.17 million barrels was more than Nigeria’s at 1.13 million barrels, according to Bloomberg’s survey of monthly OPEC output. The last time that... Continue Reading →
Petro Rio S.A. (“PRIO”) (B3: PRIO3) informs that it has received a notice from Petroleo Brasileiro S.A. (“Petrobras”) informing of the termination of the Albacora Field (“Field” or “Albacora”) divestment process, as the parties have not reached an agreement regarding the valuation of the asset.Despite Albacora’s potential, PRIO believes that a transaction with values above... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/16/2022, informs the extension of the deadlines, contained in items AA and AC of the teaser, for the expression of interest in participating in the opportunity to sell 40% of its interest in the BM-POT-17 exploratory concessions, where the Discovery Assessment Plan for... Continue Reading →
Marine engineering and maintenance specialist Royston has completed service and repair works on essential diesel power units onboard TechnipFMC’s Deep Blue vessel. Royston’s team of engineers completed a 12,000-hour overhaul on a MAN 32/40 main generator onboard the 200-meter long TechnipFMC’s Deep Blue vessel, while it was in transit from Las Palmas to Rio de... Continue Reading →
(OE) Mexican senators will consider a new head of the country's powerful oil regulator, according to legal announcements to lawmakers dated Wednesday and Thursday, after the current head abruptly resigned. National Hydrocarbons Commission (CNH) President Rogelio Hernandez resigned effective at the end of last month, well before his seven-year term was set to expire in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on11/05/2021, informs that its Executive Board approved today the end of the competitive process for the sale of the Albacora concession, which will be maintained in its entirety in Petrobras' portfolio. The company was negotiating with PetroRio S.A. for the sale of the field.... Continue Reading →
(TN) The basins of the North and Northeast of Brazil may be the new great frontiers of the country's oil. WesternGeco has announced a new “Reimaging” project of 60,000 kilometers of high resolution 2D data in the Brazilian Equatorial Margin, covering the Foz do Amazonas, Pará-Maranhão, Barreirinhas and Ceará basins. The project will apply advanced... Continue Reading →
Brazil Energy Insight 