With the addition of 115 new global offshore wind projects during 3Q, Quest Floating Wind Energy (Q FWE) are actively tracking 696 projects (with statuses Possible, Planned, Pre-development and Under development) representing $1.75 trillion in CapEx, a one-half billion quarter over quarter gain. The Quest Offshore Wind Turbine Index (QOWTI), which tracks the Total Addressable... Continue Reading →
Galp’s Adjusted 3Q Income Up on Higher Oil prices, Better Margins
(Reuters) Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling of its refining margin. Oil and gas companies around the world received a boost after Russia's invasion of Ukraine sent energy prices soaring just as demand was rapidly recovering... Continue Reading →
Petrobras on sale of onshore optic fiber network
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2022, informs the beginning of the non-binding phase regarding the sale of its onshore fiber optic network. Potential buyers qualified for this phase, beginning today, will receive a process letter containing detailed information about the asset in question, as well as instructions on... Continue Reading →
3R Petroleum signs BTG Pactual to raise U$ 500MM to conclude the acquisition of the Potiguar Cluster
3R Petroleum announced Thursday evening (20) that it had signed a commitment to structure and issue debentures, with a firm placement guarantee, in the amount of US$ 500 million. This amount will join another US$ 500 million raised by the oil company in August, through financing led by Stanley Senior Funding. With this US$ 1... Continue Reading →
BRAZIL Oil Production Surpassed 4 Million beod in September
Brazil on its journey to increase oil and gas production. The country achieved an important achievement in September, when it produced 4.048 million barrels of oil equivalent per day – a value that represents 3.148 million barrels of oil and 143 million cubic meters of natural gas. This was the second time in its entire... Continue Reading →
Brazil’s Lula and Bolsonaro statistically tied in presidential race -poll
(Reuters) - Brazil's presidential race has narrowed to a 4-percentage-point gap between leftist front-runner Luiz Inacio Lula da Silva and far-right incumbent President Jair Bolsonaro, and they are now statistically tied, according to a poll published on Wednesday. Datafolha said Lula now has 49% of voter support against 45% for Bolsonaro less than two weeks... Continue Reading →
Siemens Gamesa introduces the most powerful wind turbines in Brazil and aims offshore
(Forbes) Siemens Gamesa has started to install a new generation of more powerful machines for onshore wind energy in Brazil, in an important step to increase its competitiveness in a key market for the manufacturer and position itself for the development of the country's offshore wind market, according to a company executive. Brazil will be... Continue Reading →
Petrobras on Petros Plan
Petróleo Brasileiro S.A. - Petrobras informs that today it has signed the Private Instrument of Confession of Debt that formalizes its commitment to pay the extraordinary employer contributions of the Deficit Equalization Plan - 2015 (PED 2015), implemented in 2017, with the Renegotiated and Non-Renegotiated Petros Pension Plans (PPSP-R and PPSP-NR). Payments of the extraordinary... Continue Reading →
Siem Offshore Loses Another Vessel Case Against Petrobras
(OE) Norwegian offshore vessel owner Siem Offshore has lost a case against Petrobras in Brazil over a late vessel delivery and will have to pay around $8 million. Siem Offshore said Wednesday that its Brazilian subsidiary, Siem Offshore do Brasil, had been informed of the final unfavorable decision of a Brazilian court in a lawsuit... Continue Reading →
Equinor Aims at Data Efficiency and a Low Carbon Future with Microsoft Tools
(TN) Global energy company Equinor is committed to a sustainable, low-carbon future and believes that the effective use of data is essential to achieving its goals. To break down corporate data silos and provide employees with all the information they need to make effective decisions, the company chose to implement Microsoft Energy Data Services in... Continue Reading →
Brazil Energy Insight 