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Petróleo Brasileiro S.A. - Petrobras informs that, in 2024, it achieved all the production targets set in its Strategic Plan 2024-2028+, within a range of ±4%. The total production of oil and natural gas reached 2.7 million barrels of oil equivalent per day (boed). The commercial production of oil and natural gas reached 2.4 million... Continue Reading →
(offshore-energy.biz) Despite the challenges hitting the fossil fuel industry, demand for hydrocarbons remains steady, as confirmed by the global engineering, procurement, and construction (EPC) contracting activity across the offshore oil and gas landscape. The batch of new projects, which are expected to reach the EPC stage this year, will lead to awards worth billions of... Continue Reading →
(Bloomberg) -- Shell Plc said its natural gas divisions saw lower sales volumes and trading earnings, the latest sign that 2024 ended on a weak note for major energy companies. The warning on Shell’s crucial natural gas division, in a fourth-quarter trading update published on Wednesday, was accompanied by figures showing a slight rise in... Continue Reading →
(offshore-energy.biz) Allseas has completed its offshore pipelay commitments for a 700-kilometer-long natural gas pipeline in Mexico ahead of schedule, for its client TC Energy. The Southeast Gateway 36-inch natural gas pipeline runs south along the coast from Tuxpan through the Gulf of Mexico to Coatzacoalcos and Dos Bocas. Allseas delivered the pipeline in 11 months, which... Continue Reading →
Seacrest Petroleo, an independent oil & gas production company with an integrated portfolio of onshore producing oil fields and export infrastructure onshore in Brazil’s Espírito Santo, has filed an arbitration request against Brazil’s state-owned oil & gas giant Petrobras over alleged subsea pipeline repair failures. Namely, a court in Rio de Janeiro announced on December 27,... Continue Reading →
(OE) SBM Offshore has made initial equity investment in Ocean-Power, a Norwegian company developing an offshore power hub which generates electricity using gas turbines in association with carbon capture and storage (CCS). The investment follows the memorandum of understanding (MoU) the companies signed in June 2024. As a result of this investment, SBM Offshore holds... Continue Reading →
Petrobras has signed an agreement with PRIO that allows the operator to access the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and the Cabiúnas Gas Treatment Unit (UTGCAB). With the signing of the contracts, PRIO will be able to use the gas pipeline network to flow and process natural gas from the Frade fields,... Continue Reading →
(Reuters) - The U.S. Export-Import Bank approved a $526 million loan to Guyana for an energy project designed to double the South American country's installed electric capacity and reduce oil imports, the Guyanese government and Ex-Im said on Thursday. The project, which falls under Ex-Im's mandate to help exporters facing competition from China, will use... Continue Reading →
(oilnow.gy) ExxonMobil continues drilling at the Haimara-3 well, appraising its Haimara-1 gas discovery of 2019. Guyana’s Maritime Administration Department (MARAD) said the Stena Carron rig will be engaged in drilling at the Stabroek Block, with the operation set to conclude by December 31, 2024. Previous drilling at the well was conducted in July with the Stena DrillMAX,... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that it has signed, on this date, an agreement with PETRORECONCAVO S.A. (“PetroReconcavo”) (“Agreement”), with the objective of defining the contractual principles for a partnership involving the sale of 50% of the... Continue Reading →
Brazil Energy Insight 