Brought to you by Quest Offshore & Southern Cone Consultants
With a strong sense of accomplishment, we are very proud to share 2022 results. They are the synthesis of a long trajectory of huge challenges which were overcome, efficient management, consistent strategic choices which were vindicated and the focus on value generation, all of which are today reflected in excellent economic and financial results and... Continue Reading →
Capital Link’s Jones Act webinar on Offshore Wind, moderated by lawyer Winston & Strawn’s Charlie Papavizas, provided good insights into the plans of leading U.S. participants in the sector. The panel offered an extremely positive view of the most exciting sector in Jones Act shipping at this time. Panelist Jeff Andreini of Crowley, which is involved... Continue Reading →
(Reuters) - Colombia's majority state-owned oil company Ecopetrol (ECO.CN) on Tuesday reported record net profit of 33.4 trillion pesos ($6.9 billion) for 2022, double the previous year, boosted by higher oil prices and greater-than-expected production. Ecopetrol also reported a fourth-quarter net profit of 6.85 trillion pesos, up 13% from a year earlier. Reuters Graphics "During 2022 Ecopetrol... Continue Reading →
(OM) BW Energy is progressing its planned Maromba field development in the Campos Basin offshore Brazil, the company revealed in its latest results review. Last April it entered an agreement to purchase the FPSO Polvo from BW Offshore for deployment on Maromba following an upgrade. Discussions continue on financing this process, and planned first oil has now been pushed... Continue Reading →
PRIO expects to increase investments by 180% in 2023, to US$ 600 million, and reach the end of the year with a production level of around 100,000 barrels/day, said the coordinator of the company's wells, Estevão Borges Pereira. The oil company intends to increase its production in the Campos Basin by 25% – currently around... Continue Reading →
The independent operator PetroReconcavo announced the completion of the acquisition of 100% of the shares of Maha Energy Brasil, an exploration and production company headquartered in Rio de Janeiro and with onshore operations in Bahia and Sergipe. The deal involved US$ 138 million and was announced in December last year. With the acquisition, PetroReconcavo now... Continue Reading →
N-Sea Group has finished a series of benthic and geophysical surveys for Llŷr 1 and Llŷr 2 floating offshore wind projects in the Celtic Sea. N-Sea conducted the offshore surveys using its N-Sea Spirit vessel, establishing a baseline ground model which will be developed as the project matures, Floventis Energy said, the developer of the projects. The... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that the production at Papa Terra Cluster has been temporarily interrupted, as of 25 February 2023, due to limitations in the energy generation and supply system... Continue Reading →
(Reuters) Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO Alessandro Puliti said on Tuesday, citing shallow water vessels in particular. Saipem, in which energy group Eni and Italian state lender CDP own stakes, has pledged to sell assets... Continue Reading →
(Reuters) - Chevron Corp. (CVX.N) Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles. Soaring stock prices and cash levels at oil-focused U.S. energy majors has driven Wall Street talk of potential deals for European oil producers. Citi analysts in January speculated... Continue Reading →
