Brought to you by Quest Offshore & Southern Cone Consultants
(PetroleoHoje) At the end of April, Petrobras will start a drilling campaign in Colombia. The activity will be carried out in the Tayrona area, located in the deep waters of the Guajira Basin. The activity will be carried out by Transocean's Development Driller III rig, which began to be towed to the location last week.... Continue Reading →
(Reuters) - Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the first company to publicly acknowledge the pressure commodities traders have faced in 2022 from extreme price rises and volatility. Shell, together with other majors, utility companies, trading houses and banks,... Continue Reading →
(Reuters) - Shell (SHEL.L) will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday. The post-tax impairments of between $4 billion and $5 billion in the first quarter will not impact the... Continue Reading →
(Reuters) - Portugal's Galp Energia (GALP.LS), a partner in an Exxon Mobil-led (XOM.N) gas consortium in Mozambique, said on Thursday it hoped to start building onshore plants in the southern African country in 2024, but only if security has been guaranteed first. Mozambique has been grappling with militants linked to the Islamic State in its northern-most province of... Continue Reading →
(Valor) Prumo Logística wants to attract low-carbon businesses to Porto do Açu, in São João da Barra, in the north of the state of Rio de Janeiro. With the energy transition, the company will take advantage of its experience in supporting the exploration and production of oil and gas to support the development of offshore... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 09/23/2016 and 04/04/2017, informs that it received today from Nova Infraestrutura Gasodutos Participações S.A. (NISA), a company held by Nova Infraestrutura Fundo de Investimentos em Participações Multiestratégia (FIP), an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda (Brookfield), and by Itaúsa... Continue Reading →
(Reuters) - Mexican wants to build new gas liquefaction facilities to export excess gas and will put the plants out to tender if he does not get commitments for their construction within a month, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador urged U.S firm Sempra, which has a liquefied natural gas (LNG)... Continue Reading →
(Reuters) - Two U.S. liquefied natural gas (LNG) projects took major steps toward launching this week as Russia's threats to cut energy supplies to Europe drives up demand and prices for the super-chilled fuel. Developers Sempra Energy (SRE.N) and New Fortress Energy Inc (NFE.O) advanced agreements on separate projects, one of which could be producing LNG within 12 months.... Continue Reading →
(PN) The contracting of the P-81 platform ship, which will be installed in the promising Sergipe-Alagoas Basin, may be a little closer to an outcome. According to our report, the Brazilian company Ocyan was the only company to submit a bid for the contracting of the unit, whose start of production is scheduled for 2026.... Continue Reading →
Oil major Shell has started production on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago. Shell made the Final Investment Decision for Project Colibri in March 2020. The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract for the Manatee field, marking yet another significant milestone in... Continue Reading →
Brazil Energy Insight 