Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter. The oil major also said in an SEC filing that upstream asset sales would benefit results by about $400 million, but overall impairments would... Continue Reading →
(OE) Portuguese oil company Galp has informed its Chief Executive Officer (CEO) Filipe Silva resigned from the position, following alleged relationship probe. The CEO, who also held the position of Vice-President of the Board of Directors at Gulp, cited ‘family reasons’ as the grounds for his resignation. The news follows reports of an anonymous complaint... Continue Reading →
- PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Key: (1) In the Polvo and Tubarão Martelo cluster, production was affected by the shutdown of wells TBMT-10H and TBMT-4H due to the failure of the Submerged Centrifugal... Continue Reading →
Seacrest Petroleo, an independent oil & gas production company with an integrated portfolio of onshore producing oil fields and export infrastructure onshore in Brazil’s Espírito Santo, has filed an arbitration request against Brazil’s state-owned oil & gas giant Petrobras over alleged subsea pipeline repair failures. Namely, a court in Rio de Janeiro announced on December 27,... Continue Reading →
(offshore-energy.biz) Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is making progress in setting the stage to embark on a formal farm-out process later this year for a shallow water exploration block off the coast of Uruguay. As the firm is also expected to make up its mind about assets in Trinidad and... Continue Reading →
(PN) New exploratory activity by Petrobras with different objectives. In recent days, the company began drilling two wells in different fields in the Campos and Santos Basins, in the Marlim Sul and Aram areas, respectively. The information is available on the website of the National Petroleum Agency (ANP). In Marlim Sul, drilling is taking place... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or "Company") (B3: BRAV3), pursuant to CVM Resolution No. 44, in relation to the news published in the media on January 6, 2025, in the “Economic Radar” column of “Veja Negócios” entitled “Brava Energia doubles production with surprise in the Atlanta Field”, clarifies to its investors and the market in general... Continue Reading →
(Reuters) - Wind power was Britain’s largest source of electricity in 2024, topping gas-fired power plants for the first time, data showed on Tuesday. Britain has almost 15 gigawatts (GW) of installed offshore wind power and aims to quadruple that to 60 GW by 2030 as part of plans to largely decarbonise its power sector... Continue Reading →
(OE) A new report from the U.S. Department of Energy (DOE) outlines recommendations that could increase the recycling and reuse of decommissioned wind energy equipment and materials to create a more circular economy and sustainable supply chain. The research reveals that existing U.S. infrastructure could process 90% of the mass of decommissioned wind turbines. However,... Continue Reading →
(OE) SBM Offshore has made initial equity investment in Ocean-Power, a Norwegian company developing an offshore power hub which generates electricity using gas turbines in association with carbon capture and storage (CCS). The investment follows the memorandum of understanding (MoU) the companies signed in June 2024. As a result of this investment, SBM Offshore holds... Continue Reading →
Brazil Energy Insight 