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2020 set the stage for a profound transformation in the oil and gas industry. The oil and gas industry was already facing a challenging transition process as economies move toward a low-carbon future; however, surviving and prospering in a low-oil-price and high-risk environment is an even greater and more urgent challenge. Producers with relatively high-cost... Continue Reading →
Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) said Friday it had secured a contract valued at approximately S$600 million (USD 442 million) in the offshore renewable energy industry. Sharing the news on Friday, Keppel gave little details on the client and the type of order. It said that the contract was with "an energy... Continue Reading →
(Reuters) - A consortium formed by Brazil's 3R Petroleum and DBO Energy, linked to Norway, is in bilateral negotiations with Petrobras to acquire a group of offshore natural gas fields, according to two sources with direct knowledge of the subject. The Peroá Cluster, located on the coast of Espírito Santo, would be among the first... Continue Reading →
The conclusion of the operation by which Petrobras PETR4.SA negotiated the sale of its Liquigás liquefied petroleum gas distribution unit to a group formed by Copagaz, Itaúsa and other companies will depend on an agreement with the Brazilian regulatory agency CADE. As published in the Official Gazette, the General Superintendence of the Administrative Council for... Continue Reading →
(Reuters) - Golar Power said on Friday that it rejects the process that culminated in its disqualification by Petrobras of a bid to lease a regasification terminal for the state-owned company in Bahia, and stressed that it will file an appeal to return participate in the dispute. If this is not enough, the company also... Continue Reading →
Pre-salt production in August set a record for the second consecutive month, both in oil and natural gas production. In total, 2,776 MMboe / d (million barrels of oil equivalent per day) were produced, with 2,201 MMbbl / d (million barrels per day) of oil and 91.398 MMm3 / d (million m3 per day) of... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 08/03/2020 and 09/29/2020, informs that on September 30, 2020, the Public Session was held in person to open the commercial bids of the bidders interested in the leasing of the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, and the following companies attended:... Continue Reading →
(Reuters) - Liquefied natural gas firm Hygo Energy Transition Ltd HYGO.O has postponed its planned New York initial public offering for several weeks and may scrap the listing entirely after its CEO was named in the early stages of a corruption investigation in Brazil, two sources familiar with the matter said. Eduardo Antonello, who has not been... Continue Reading →
Oil & gas production in Brazil was practically stable in August, according to data made available by the National Petroleum Agency (ANP). According to the agency, the country ended the period with 3.078 million barrels per day produced, a slight increase of 0.28% compared to the previous month. Natural gas, on the other hand, had... Continue Reading →
PetroRio received endorsement from the ANP to act as a natural gas trader, with the exception of LNG and CNG in bulk, and seller of the energy source, according to the agency's authorization and dispatch. PetroRio owns 10% of the Manati gas field, in Bahia, operated by Petrobras. Portion corresponds to a reserve of 3... Continue Reading →
Brazil Energy Insight 