Brought to you by Quest Offshore & Southern Cone Consultants
Equinor said it will return an additional $3 billion to shareholders after reporting better-than-expected second-quarter profit on the back of soaring gas prices fuelled by the war in Ukraine. The company boosted gas supplies to Europe by 18% in the April-June period compared to a year ago, making Norway the continent's largest supplier of piped... Continue Reading →
(Reuters) - The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country increased supply to Europe amid the Ukraine crisis. U.S. LNG exports rose 12% to average 11.2 billion cubic feet per day (bcfd) in... Continue Reading →
U.S. LNG company Sempra Infrastructure and Mexico’s state-owned utility CFE are to jointly develop energy infrastructure projects in Mexico, including the proposed Vista Pacífico LNG project, and the potential development of an LNG terminal in Salina Cruz, Oaxaca. On 21 July, Sempra Infrastructure, a subsidiary of Sempra, and Mexico’s Federal Electricity Commission (Comisión Federal de... Continue Reading →
(Reuters) - Europe's thirst for oil and gas to replace sanctioned Russian supply is reviving interest in African energy projects that were shunned due to costs and climate change concerns, industry executives and African officials said. Energy firms are considering projects worth a total of $100 billion on the continent, according to Reuters calculations based... Continue Reading →
(Reuters) - Democratic Republic of Congo will offer 27 oil blocks and three gas blocks, nearly double as many as previously planned, in a licensing round next week, the hydrocarbons ministry said on Monday. Congo, a leading miner of copper, cobalt, gold and diamonds, has long aimed to boost its oil sector and is believed... Continue Reading →
(Reuters) - For the poor, small South American country of Guyana, there's no time like the present when it comes to reaping the rewards of its offshore oil jackpot. With sky-high oil prices, a transition to renewable energy on the horizon and 750,000 citizens desperate for better lives, Guyana is putting its foot on the... Continue Reading →
(OEM) With two-thirds of global resources in their hands, seven National oil companies (NOCs) own the lion’s share of remaining discovered oil and gas resources, says Wood Mackenzie, an energy intelligence group. Following Russia’s attack on Ukraine, the outlook for the supply, demand, and price of hydrocarbons is constantly shifting, leading to a rewriting of energy trade... Continue Reading →
(Reuters) - Major international players have dropped out of the bidding process for a Brazilian power distributor owned by Enel SpA (ENEI.MI), leaving two local firms competing head-to-head for the asset, three sources with knowledge of the matter said. Equatorial Energia (EQTL3.SA) and Energisa SA (ENGI11.SA) were the only companies still interested in Celg-D, which distributes power to the center-west... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it is reassessing the date for the start of operation of the Route 3 Integrated Project, scheduled for the second half of 2022, due to the demobilization of the workforce of the company SPE Kerui-Método, responsible for the works of the Natural Gas Processing Unit (UPGN) of the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/28/2021 and 06/22/2022, informs that it has today finalized the sale of 51% of Petrobras Gás S.A. (Gaspetro) to Compass Gás e Energia S.A. (Compass). The transaction was concluded for R$ 2.097 billion, fully paid on this date. This disclosure to the market... Continue Reading →
Brazil Energy Insight 