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(OE) Brazilian deepwater drilling firm Ventura Offshore Holding has been listed for public trading at Euronext Growth in Oslo, Norway. On March 8, 2024, Ventura Offshore Holding entered into a share purchase agreement (SPA) with Petroserv Marine regarding the acquisition of all outstanding shares in Universal Energy Resources. Following the closing of the acquisition two... 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 →
(OE) Norwegian offshore vessel operator DOF Group has secured a ‘major contract’ from Petrobras for its pipelay support vessel (PLSV) Skandi Vitória. DOF secured a three-year firm contract, plus option, for its PLSV Skandi Vitória as part of an ongoing tender process. The contract starts in 2025, according to DOF. The vessel is Brazilian-built and... Continue Reading →
(TN) Subsea7, a global leader in the delivery of offshore projects and technology for the energy sector, confirmed, after a competitive process, the signing of four long-term daily rate contracts for engineering vessels (PLSVs) with Petrobras. The agreements, which will begin next year, have a combined value of more than US$1.25 billion and will be... 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 →
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 →
Brazil Energy Insight 