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(OE) Mitsubishi Heavy Industries (MHI) and Single Buoy Moorings, the subsidiary of SBM Offshore, have agreed to conduct a study for the application of CO2 capture modules on future floating production storage and offloading vessels (FPSOs) for Petrobras. This study will be conducted toward typical implementation of CO2 capture solutions for FPSOs. The module design... Continue Reading →
(bbc.com) One of Scotland's largest companies - engineering giant Wood Group - is backing a £242m takeover approach. Aberdeen-headquartered Wood said Sidara, an engineering and consultancy based in Dubai, had made the offer. Wood's board of directors have now said they would be "minded to recommend" the deal. The company grew from the North Sea oil boom... Continue Reading →
The National Petroleum Agency (ANP) revealed today the blocks that will be part of the 5th Cycle of the Permanent Concession Offer (OPC), which will take place on June 17. In all, 16 blocks will be offered, in five sedimentary basins – four offshore and one onshore. One of the new features is the inclusion... Continue Reading →
(Reuters) - Italian energy group Eni said on Monday it signed a memorandum of understanding (MoU) with Argentine state-run oil producer YPF on its possible participation in an liquefied natural gas (LNG) project in Argentina. The Argentina LNG project aims to develop the onshore "Vaca Muerta" gas field and supply international markets by exporting up to... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, yesterday, production began on wells 4H and 5H, which are currently undergoing testing and stabilization. Both wells have already produced through the early production system (FPSO Petrojarl I). With the connection... Continue Reading →
(OE) BW Energy has made final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 barrels per day of incremental oil production from 2027 at the Golfinho field offshore Brazil. The project includes multiple measures aimed at boosting production efficiency and increasing recoverable reserves... Continue Reading →
(Reuters) - Argentina sealed a $20 billion, 48-month Extended Fund Facility deal with the International Monetary Fund on Friday and, in a major policy move ahead of the deal, dismantled key parts of its years-long currency controls and loosened its grip on the peso. The IMF will disburse $12 billion by next Tuesday, while another... Continue Reading →
(Reuters) - Argentine state-run oil producer YPF could see its core earnings this year slide on lower crude prices, a presentation to investors showed on Friday. The firm currently estimates its earnings before interest, taxes, depreciation and amortization (EBITDA) in 2025 will range between $5.2 billion and $5.5 billion, assuming Brent crude prices at $72.5 a barrel.... Continue Reading →
(Reuters) - Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists on the sidelines of an... Continue Reading →
(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... Continue Reading →
Brazil Energy Insight 