Brought to you by Quest Offshore & Southern Cone Consultants
December 2, 2016 “We are very honored that our FPSO will be the first to produce oil from Brazil’s massive Libra field.” December 2 marked the naming ceremony of FPSO Pioneiro de Libra, which is owned through a 50/50 joint venture between Odebrecht Oil & Gasand Teekay Offshore (OOGTK joint venture). The ceremony took place at the Jurong... Continue Reading →
Mon Dec 5, 2016 The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson/File Photo Mexico awarded a consortium comprised by Total and ExxonMobil the second block tendered from the Gulf of Mexico's Perdido Fold Belt off... Continue Reading →
Mon Dec 5, 2016 The logo of Chevron (CVX) is seen in Los Angeles, California, United States, April 12, 2016. REUTERS/Lucy Nicholson/File Photo GLOBAL BUSINESS WEEK AHEAD PACKAGE - SEARCH 'BUSINESS WEEK AHEAD 24 OCT' FOR ALL IMAGES - RTX2Q59C Mexico awarded a consortium of Chevron, Pemex and Inpex Corporation the third block tendered from... Continue Reading →
Mon Dec 5, 2016 Mexico awarded a consortium of Murphy Sur, Ophir Mexico Holdings, PC Carigali Mexico and Sierra Offshore Exploration the fifth block tendered from the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 5 is a 993.5 square mile (2,573.2 square km) block which... Continue Reading →
Mon Dec 5, 2016 A logo is seen on the wall at the entrance of China National Offshore Oil Corp (CNOOC) office tower in Beijing, March 20, 2013. REUTERS/Petar Kujundzic Mexico awarded China Offshore Oil Corporation the fourth block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border in a... Continue Reading →
Dec 5, 2016 Mexico awarded a consortium of Statoil, BP and Total the first block tendered in the Gulf of Mexico's Salina Basin in a historic deep water oil and gas auction on Monday. Block 1 is a 919 square mile (2381.1 square kilometer) area which the energy ministry says contains some 1.852 billion barrels... Continue Reading →
Brazilian federal court issued an injunction to block the sale of the fuels distribution unit of state oil company Petroleo Brasileiro SA (Petrobras) after a request by workers, according to the court's press office. Petrobras is looking to sell a stake in BR Distribuidora, Brazil's largest fuel distribution company, as part of a divestment program... Continue Reading →
Dec 5/Reuters Australia's BHP Billiton on Monday won the contest to partner with Mexican state oil company Pemex in a joint venture to develop a deep water field in the country's untapped Gulf waters. A local unit of BHP Billiton won the rights to tie-up with Pemex on its light oil Trion field, less than... Continue Reading →
For the three titans of Latin American oil -- Pemex, PDVSA and Petrobras -- last week’s OPEC-driven price rally won’t be enough to halt a slow descent from the ranks of international crude heavyweights. Even as news of the cartel’s 1.2 million-barrel-a-day output cut spurred the steepest three-day oil gain in 15 months, the biggest... Continue Reading →
Demonstrators protested across Brazil on Sunday to denounce corruption and a congressional vote perceived as an effort to intimidate judges and prosecutors leading graft probes. Dressed mostly in the national colors of yellow and green, thousands marched to demand accountability at a time when Latin America's biggest country is reeling from corruption scandals, political gridlock... Continue Reading →
Brazil Energy Insight 