Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations... Continue Reading →
(Reuters) - Brent oil prices will hold above the $100 level for the rest of 2022 as an impending EU ban on Russian oil sparks uncertainty over supply, but will tick lower next year as economic concerns prevail, a Reuters poll showed on Wednesday. A survey of 38 economists and analysts forecast benchmark Brent crude... Continue Reading →
(Reuters) - Construction is set to begin on one of Australia's biggest wind farms after its developers secured funding in a unique deal for the A$2 billion ($1.3 billion) first stage of the project after years of delays. The first stage of the Golden Plains project, being developed by privately owned TagEnergy, involves a 756-megawatt... Continue Reading →
(epbr) The development of the 18 production sharing contracts currently contracted may require the contracting of 21 production platforms (FPSOs) of up to 225 thousand barrels/per day of capacity by 2029, estimates Pré-Sal Petróleo (PPSA). — Investments in production development are estimated at US$ 72.4 billion between 2023 and 2032, which include everything from the... Continue Reading →
(Reuters) - Argentina on Monday reached an agreement with major oil firms operating in the country to put a cap on fuel price increases in a bid to keep costs at the pump down for hard-hit consumers amid surging inflation. The deal with firms like state company YPF (YPFD.BA) and Shell (SHEL.L) would see fuel price increases of 4%... Continue Reading →
Reuters) - A broad measure of Brazilian consumer and business credit default ratios rose in October to its highest level in almost four years, central bank data showed on Monday, amid high borrowing costs and aggressive monetary tightening. The default ratio in non-earmarked loans increased to 4.2% from 4.1% in September, the highest since August... Continue Reading →
(OET) Offshore accommodation provider Prosafe has been selected as the winning bidder for a 650-day firm period contract for Petrobras’ tender in Brazil. This announcement comes after the firm disclosed in October 2022 that it had submitted the most competitive offer in this bidding process. Prosafe explained last Friday that the final contract award and the start of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news in the media about the Shareholder Remuneration Policy ("Policy"), approved by the Board of Directors in 2019 and improved in 2020 and 2021, clarifies that the payment of extraordinary dividends is provided for in the Policy. In addition, the Company does not take on debt to pay... Continue Reading →
(RZ) Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 5,000 feet and above is growing fastest – by 2024 it will account for more than half of all deepwater production. Deepwater is the fastest-growing upstream... Continue Reading →
(Reuters) - Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country. The bill aims to spur the multi-billion-dollar investments needed to exploit Argentina's massive... Continue Reading →
Brazil Energy Insight 