Brought to you by Quest Offshore & Southern Cone Consultants
Sweden-based Maha Energy has signed a binding term sheet regarding a business combination with DBO 2.0 S.A. (“DBO”) for a consideration of 36,775,410 new shares in Maha. According to Maha, DBO is a private upstream oil and gas company focusing on mature offshore fields in Brazil formed in 2017. The company says that DBO has... Continue Reading →
(Reuters) Mexico's energy ministry tried earlier this year to block the publication of stricter rules on natural gas flaring, according to documents seen by Reuters, saying they would hurt state oil company Pemex and its plans to increase production. The documents, received through a freedom of information request filed by Reuters, show a concerted effort... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2023-2027 (SP 2023-27). Throughout 2022, Petrobras delivered an operational and financial performance in line with its commitment to generate value for society and shareholders and in full adherence with the 2022-2026... Continue Reading →
(WO) Perenco has discovered oil with an exploratory well offshore Congo-Brazzaville, raising the prospect of a new geological play, the company said on Monday. The shallow water Pointe Noire Grand Fond (PNGF) Sud license of the privately owned French independent, whose portfolio is mainly weighted toward West Africa, said the well, Tchinem 1-01, targeted a... Continue Reading →
BP’s subsidiary, bp Trinidad and Tobago (bpTT), has started production from its Cassia Compression (Cassia C) development project offshore Trinidad and Tobago. Located 57 kilometres off the southeast coast of Trinidad, the Cassia C platform is BP’s 16th offshore facility in Trinidad and Tobago. The first gas from the facility was previously expected in 3Q 2021 but the... Continue Reading →
(OET) In the aftermath of COP27, which took place against the backdrop of the first true global energy crisis, many argued that little progress was made on the phasing out of fossil fuels. This was justified by the need to strengthen energy security, protect consumers at the pump, and avoid a global recession. In light... Continue Reading →
(Reuters) Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural... Continue Reading →
(Reuters) - Mexican state power utility CFE has signed an agreement with French energy company Engie to develop terms and requirements to expand the Mayakan gas pipeline in the Yucatan Peninsula, CFE said in a statement Monday. Representatives for the two parties met on Nov. 23, CFE said. The Mayakan pipeline spans some 800 km... Continue Reading →
(Reuters) - Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country. The bill aims to spur the multi-billion-dollar investments needed to exploit Argentina's massive... Continue Reading →
(Reuters) - Geneva-based energy trader Gunvor Group has widened its executive committee to 14 people including its chief executive, reflecting the growing importance of gas trading for the firm, the company’s website showed on Thursday. The new members are Benoit Roulon, the new global head of crude oil trading; Richard Brockmeyer, head of North American... Continue Reading →
Brazil Energy Insight 