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(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 →
Petróleo Brasileiro S.A – Petrobras informs that today it signed a contract for the assignment of its entire 30% (thirty percent) stake in Brentech Energia S.A. (Brentech) to Enegen Participações Ltda (Enegen), Petrobras' partner in Brentech and holder of a 70% (seventy percent) stake in the company. The transaction closed with the signing of the... Continue Reading →
(Reuters) - Argentina's government, facing domestic gas shortages and targeted service cuts, said on Wednesday that it had unblocked the unloading of a key Petrobras gas shipment, which it added should stabilize local supply. Recent cold weather had already hit gas supplies in the South American country, but that worsened when the unloading of the gas shipment... Continue Reading →
(OE) Yinson Production has placed $1.035 billion senior secured notes to refinance the floating, production, storage and offloading (FPSO) vessel Anna Nery, working for Petrobras in the Marlim field, offshore Brazil. The successful pricing of $1.035 billion 144A/Reg S non-recourse, senior secured notes, was issued by Yinson Boronia Production, which owns and operates the FPSO... Continue Reading →
(OM) BW Energy plans to take FID later this year on two new infill wells at the Golfinho Field in the Espirito Santos Basin offshore Brazil, the company said in a results statement. The GLF-51 oil well and the GLF-50 gas well should double production from the field in 2027. BW Energy reported first-quarter 2024 stable production... Continue Reading →
(OilNow) Luiz Hayum, a principal analyst with Wood Mackenzie’s Latin America upstream research team, sees Guyana’s oil bounty raking in huge sums for the ExxonMobil-led consortium and the government. “Our valuation for Stabroek’s ten-FPSO development is over US$150 billion at US$65/barrel Brent prices split between the government and the three block partners,” Hayum said in... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, in continuity to the Material Fact disclosed on May 20, 2024, informs that the Administrative Council for Economic Defense (CADE) decided in favor of renegotiating the Term of Cessation Commitment (TCC) for Gas, signed on July 8, 2019 ("TCC Gas"), which was also approved today by the Company's Board of... Continue Reading →
(OE) Saipem has been awarded three new contracts by TotalEnergies for the Kaminho project, relating to the development of Cameia and Golfinho oil fields offshore Angola, worth $3.7 billion. The first of the contracts, awarded by TotalEnergies' subsidiary TotalEnergies EP Angola Block 20, refers to the Engineering, Procurement, Construction, Transportation and Commissioning of the Kaminho... Continue Reading →
(Reuters) - Spanish renewable energy giant Iberdrola set out plans on Thursday to invest 41 billion euros ($44.83 billion) over the next three years, focusing on power grids like Italian rival Enel as the industry seeks better returns. The new plan builds on the strategic shift Iberdrola announced in 2022, when it said it would be taking... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the Material Facts/Communications published on 03/07/2024, 04/25/2024, 05/02/2024 and 05/15/2024, informs that will pay today the first installment of dividends relating to the balance sheet of December 31, 2023. The gross amount to be distributed today, in the form of dividends, is R$1.45670449 per ordinary and preferred... Continue Reading →
Brazil Energy Insight 