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(Reuters) - Private U.S. oil and gas companies are increasingly turning to a niche financing structure that securitizes their production, providing a funding avenue for producers and owners as traditional sources become more expensive or simply dry up. Known as PDP asset-backed securitizations (ABS), this product takes revenue generated by companies' proved, developing and producing... Continue Reading →
(Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year. Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about... Continue Reading →
(OE) N'GENIUS claims its high-strength austenitic stainless steels will transform the design and construction of onshore and offshore oil, gas, and LNG facilities."The global demand for LNG is projected to reach 700 million tonnes per year by 2040 fuelling the need for greater LNG infrastructure including import receiving and export terminals, FLNG vessels, and LNG... Continue Reading →
(Reuters) - Argentina has secured financing of $689 million from Brazilian state development bank BNDES for the second stage of a crucial natural gas pipeline in the huge Vaca Muerta shale region, energy secretary Flavia Royon said on Monday. The pipeline, which will hugely increase the country's gas transport capacity, will help Argentina "to achieve... Continue Reading →
(Reuters) - China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers -... Continue Reading →
(OE) The Dutch government on Friday said it would appoint gas grid operator Gasunie to oversee plans to develop a hydrogen network in the North Sea, Energy Minister Rob Jetten said in a letter to parliament. The Dutch government is due on Dec. 8 to debate in parliament over ambitious plans to shift much of... Continue Reading →
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 →
Brazil Energy Insight 