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(OE) The next phase of the On Demand Ocean Bottom Node (OD OBN) project, involving Sonardyne, Shell, Petrobras and SENAI CIMATEC, has started offshore Brazil, which could result in the development of next generation of geophysical monitoring systems in the offshore oil and gas industry. The project, which began in 2018, involves a collaboration between... Continue Reading →
(Reuters) President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore the environmentally sensitive offshore Equatorial Margin, saying Brazil cannot give up such an opportunity. The offshore region along the northern coast is seen as Brazil's most promising frontier for oil exploration as it... Continue Reading →
(OM) TotalEnergies, together with APA Corporation and Staatsolie, has made progress toward reaching the final investment decision (FID) for the development of deepwater Block 58 offshore Suriname, expected to be made in the fourth quarter of 2024. TotalEnergies is the operator of Block 58 with a 50% interest, alongside APA Corporation (50%), while Staatsolie has... Continue Reading →
(Offshore-energy.biz) While global efforts to break away from emission-intensive fossil fuels and pivot to low-carbon and renewable energy alternatives have grown by leaps and bounds since the Paris Agreement came onto the scene, concerns over energy security, rising demand, and population growth have enabled coal, oil, and gas to spread their wings further, with over... Continue Reading →
(Reuters) - Brazil's Finance Minister Fernando Haddad said there is no reason to worry about state oil major Petrobras after a recent leadership change that caused the company's shares to plummet. In an interview with French newspaper Le Monde published on Wednesday, Haddad said the appointment last week of Magda Chambriard as the company's CEO... Continue Reading →
(OE) The US Bureau of Ocean Energy Management (BOEM) has released its Final Environmental Assessment (Final EA) of an offshore wind research lease in the Gulf of Maine. In October 2021, the state of Maine requested a research lease for the purpose of researching floating offshore wind energy technology and its deployment. The research... Continue Reading →
(Reuters) Petrobras' new chief executive said a basin in Brazil's Equatorial Margin, an environmentally sensitive offshore prospect seen as the country's most promising frontier for oil exploration, was a matter of "national interest." Magda Chambriard, who took over as the state-controlled oil company's chief executive after President Luiz Inacio Lula da Silva fired its former... Continue Reading →
(Reuters) - The oil firm to be created from the merger of Brazil's 3R Petroleum and Enauta wants to explore the Foz do Amazonas' basin if state-run firm Petrobras finds oil there, its future CEO Decio Oddone told Reuters. Enauta has rights over an oil block in Foz do Amazonas, considered the most promising area in Brazil's so-called... Continue Reading →
(Reuters) - Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras (PETR4.SA), opens new tab is not enough to turn the state-run oil company into the engine for job creation and development it was during his first 2002-2010 terms. Lula last week tasked incoming CEO Magda Chambriard with speeding up investments in... Continue Reading →
(Reuters) - Colombia's average daily oil output is closing in on 800,000 barrels per day (bpd) even as the Andean country increasingly looks to boost renewable energies, the president of the National Hydrocarbons Association (ANH) regulator said. The government of leftist President Gustavo Petro has said it wants to wean Colombia off of its dependence... Continue Reading →
Brazil Energy Insight 