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(OE) Compagnie Maritime Monegasque (CMM) has secured $94 million in financing from Summit Ridge Capital Partners, which will help the company construct pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil. The financing will enable CMM to recompose its shareholder structure and to expand its fleet, the company said. Panorama Capital Partners sourced and... Continue Reading →
(Bloomberg) -- Petrobras’ shift away from oil-field divestment is motivating a pivot by Brazil’s junior drillers to corporate acquisitions as the most-viable expansion strategy. The independent Brazilian crude producers that grew the most from buying Petrobras’ fields — PRIO SA, 3R Petroleum Oleo e Gas SA, Enauta Participacoes SA and PetroReconcavo SA — are all... Continue Reading →
(PN) Enauta is looking forward to the arrival of the FPSO Atlanta, which will enter Brazilian waters in the next few days to begin anchoring work. The vessel is scheduled to begin production in August in the Atlanta field, in the Santos Basin. The platform ship has the capacity to process up to 50 thousand... Continue Reading →
(OM In a jam-packed, standing-room-only session at the Offshore Technology Conference (OTC), Petrobras President and CEO Jean Paul Prates emphasized that synergy is the lifeblood of the industry and that collaboration with suppliers and investors will leverage the sector and pave the way for an energy transition without leaving behind workers, service providers, contractors or... Continue Reading →
(OM) The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has opened 12 blocks in the Nigeria 2024 Bid Round. According to PGS, six are on the continental shelf, four are deep offshore blocks and the other two are onshore in the Niger Delta. PGS has compiled multiclient seismic data over 10 of the blocks, from its MegaSurvey full-stack... Continue Reading →
(Reuters) - Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, senior government officials for Paraguay and Brazil told Reuters. The plan being drawn up by Paraguay, reported in detail for the first time, aims to compete... Continue Reading →
(OE) Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs). Sapura Energy has through the joint ventures owned by Seabras Sapura Holding and Seabras Sapura Participações, in collaboration... Continue Reading →
(Bloomberg) -- Brazilian state-controlled oil producer Petrobras is waiting for other companies to make bids for a stake in petrochemicals producer Braskem after Abu Dhabi National Oil Co. pulled out of the running. Petroleo Brasileiro SA, as it is formally known, could also exercise preferential rights for the stake, Chief Executive Officer Jean Paul Prates... Continue Reading →
(Reuters) A top executive of Schlumberger NV (SLB), the world's largest energy services firm, on Monday predicted autonomous drilling of oil and gas wells will beat autonomous driving cars to market and create new efficiencies for oil producers. Autonomous drilling is ripe for adoption by many of the world's oil majors, Abdelah Merad, an SLB... Continue Reading →
(OE) Global maritime company BW Group has unveiled plans to separate BW Energy as an oil and gas exploration business from its maritime businesses, as part of corporate restructuring process. BW Group currently owns 191,903,110 shares in BW Energy, corresponding to 74.38% of the issued and outstanding shares and voting rights in BW Energy. As... Continue Reading →
Brazil Energy Insight 