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(Bloomberg) -- Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter. A dispute over the job erupted inside President Luiz Inacio Lula da Silva’s administration last week,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that it has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploratory well, of Concession POT-M-762_R15. The 1-BRSA-1390-RNS (Anhangá) well is located on the coast between Ceará and Rio Grande do Norte, about 190 km from Fortaleza and 250 km from Natal, at... Continue Reading →
(Reuters) - BP (BP.L), opens new tab said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months. The London-listed oil major also expects strong results in oil and gas trading, along with a $100 million-$200 million boost from improved oil refining... Continue Reading →
(Reuters) - Guyana’s efforts to use its natural gas resources to fuel a power plant that would slash the South American nation's energy costs have snagged on construction delays and threaten to curtail the rising oil hotspot's revenue this year by about $1 billion. The $1.9 billion gas-to-power project, Guyana's biggest effort to capitalize on its... Continue Reading →
(offshoreWIND.biz) The California Independent System Operator (ISO) has unveiled its draft 2023-2024 Transmission Plan, which includes 26 proposed projects worth USD 6.1 billion (approximately EUR 5.6 billion), with a majority of the investment related to offshore wind. According to the California ISO, the plan is based on the state projections that California needs to add... Continue Reading →
(OE) Yinson Production has held the naming ceremony for FPSO Maria Quitéria which will deployed in at Petrobras’ Jubarte field offshore Brazil. The naming ceremony for the FPSO Maria Quitéria was held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3, 2024. FPSO Maria Quitéria is a conversion project with a production... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Wednesday signaled first-quarter operating results would drop over the prior quarter on weaker oil, gas prices and a big loss in fuel derivatives, a securities filing showed. The drop follows two years of strong oil and fuel prices that turned the largest U.S. oil company into one of... Continue Reading →
(PN) The technical area of the Federal Audit Court (TCU) issued an opinion calling for the suspension of the contract signed between Petrobras and Unigel, pointing out that there are irregularities in the agreement. According to the court, the contract could result in losses of R$487.1 million within eight months. The opinion still needs to... Continue Reading →
(Bloomberg) -- Macquarie Asset Management is making a $50 billion bet on offshore wind after sidestepping a perfect storm of low power prices and cost inflation that forced many competitors to walk away. Corio Generation Ltd., the fully owned offshore wind unit of the Australian financial giant, along with partners including TotalEnergies SE, plans to... Continue Reading →
(Reuters) - Oil major Shell (SHEL.L), opens new tab is seeking a long-term license from the U.S. before making a final investment decision on the Dragon natural gas project in Venezuela, four people familiar with the matter said. The Dragon field lies in Venezuelan waters near the maritime border with Trinidad and Tobago, and holds up to... Continue Reading →
Brazil Energy Insight 