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(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 →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases of 09/29/2021, 10/04/2021 and 03/04/2022, informs that it has received today the amount of R$ 10.3 billion, equivalent to US$ 1.9 billion by the PTAX exchange rate of 11/24/2022, related to the assignment of 5% of its participation in the Production Sharing Contract of the... Continue Reading →
(Reuters) - Geneva-based energy trader Gunvor Group has widened its executive committee to 14 people including its chief executive, reflecting the growing importance of gas trading for the firm, the company’s website showed on Thursday. The new members are Benoit Roulon, the new global head of crude oil trading; Richard Brockmeyer, head of North American... Continue Reading →
(PN) The Ministry of Mines and Energy gave the seal of “priority” to the project to implement the new FPSO in Enauta's Atlanta field, located in the Santos Basin. As a reminder, the new platform will be used in the field's definitive production system. The FPSO OSX-2 (renamed FPSO Atlanta), which will be used in... Continue Reading →
(OE) Oslo-listed offshore drilling company Shelf Drilling has secured a contract extension for its Shelf Drilling Tenacious jack-up rig. The contract is in direct continuation of its current contract for drilling operations offshore Angola until November 2023. The contract includes an additional one-year option. According to Shelf Drilling's fleet status report, the BMC Pacific 375... Continue Reading →
– Petróleo Brasileiro S.A – Petrobras, following up on the releases disclosed on November 03, 2022, informs that the distribution of the second installment of the remuneration to shareholders, approved by the Board of Directors on that date, to be paid on January 19, 2022, in the amount of R$ 1.67445, will be paid as... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 10/31/2022, informs that it concluded the bookbuilding procedure for the issue of real estate receivables certificates (CRI), in up to 3 (three) series, as part of the 1st (first), 2nd (second) and 3rd (third) series of the 67th (sixty-seventh) issue of Opea Securitizadora... Continue Reading →
After months of absence, Seadrill, an offshore drilling contractor, has returned to the Oslo Stock Exchange (OSE). Back in February 2021, Seadrill filed for Chapter 11 bankruptcy, its second in about four years. It took about a year of restructuring for Seadrill to emerge from bankruptcy. The relisting updates came about two months after this. Come... Continue Reading →
(Reuters) - Argentina's rising central bank debt poses a risk to the country's monetary stability, ratings agency Moody's said on Wednesday, adding it could further stoke inflation and aggravate any exchange rate shock if savers flee from the local peso currency. In that scenario, Moody's warned, authorities could even freeze peso deposits, an extreme measure... Continue Reading →
Brazil Energy Insight 