Brought to you by Quest Offshore & Southern Cone Consultants
July 10, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). Qualified parties for this phase will receive a process letter with detailed instructions on the divestment... Continue Reading →
Brazilian state-controlled oil company Petrobras is considering installing offshore units to liquefy the growing natural gas production from the so-called pre-salt area, the company's emissions and climate change manager said during a webinar on Friday. Liquefied natural gas units could be an alternative for the gas associated with oil produced at the deep-water exploratory region... Continue Reading →
July 03, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its 10% remaining stake in Nova Transportadora do Sudeste S.A. (NTS). Potential buyers qualified for this phase will receive a process letter with detailed instructions... Continue Reading →
July 2, 2020 The German group Siemens has entered into a partnership with Total to apply new concepts in the production of green Liquefied Natural Gas (LNG). As part of the contract, the Siemens Gas and Power subsidiary is already conducting studies on possible projects for power generation and liquefaction plants, with the ultimate goal... Continue Reading →
June 29, 2020 Petróleo Brasileiro S.A. – Petrobras reports that the platforms (P-74, P-75, P-76 and P-77) installed in the Búzios field, in the Santos Basin pre-salt, reached new production records on the 27th of this month, of 664,000 barrels of oil per day (bpd) and 822,000 barrels of oil equivalent per day (boed). The... Continue Reading →
Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic. According to Exmar, YPF claims that effects of the coronavirus pandemic both worldwide and in Argentina have hindered YPF's... Continue Reading →
Jun 22, 2020 Brazilian production still feels the demand effects of the coronavirus pandemic and suffered a further drop in May. During the period, 2.77 million barrels were extracted per day, which represents a decrease of 6.52% in comparison with the previous month. Meanwhile, natural gas production also declined in May. Altogether, there were 114.3... Continue Reading →
Exxon Mobil Corp has restored crude output at its nascent project off Guyana's coast after addressing problems with gas reinjection equipment, the South American country's environmental regulator said on Friday. Output at the offshore Liza field, which Exxon operates in a consortium with Hess Corp and CNOOC Ltd has been restored to between 80,000-90,000 barrels per day... Continue Reading →
JUN 18, 2020 Engie Brasil is celebrating the positive result it is seeing from the TAG gas pipeline network, acquired from Petrobras last year. As a result, the French company is evaluating the possibility of buying the 10% of the assets that are still in the hands of the state-owned company. “The operation is better... Continue Reading →
BW’s floating storage and regasification unit has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu’s LNG-to-power project. The FSRU BW Magna finally docked at the project’s regasification terminal on Friday. The vessel has been waiting offshore the port since January to get a green light to dock... Continue Reading →
Brazil Energy Insight 