Brought to you by Quest Offshore & Southern Cone Consultants
New Fortress Energy received approval from ANP for the construction of the South Gas Terminal, in Babitonga Bay, in Santa Catarina. Incorporated into the company's portfolio after the acquisition of Golar Power, the project had been awaiting authorization from the agency since February and is expected to start operating in the first quarter of 2022.... Continue Reading →
(Reuters) - Demand for liquefied natural gas (LNG) has never been higher, but developers in North America are headed into the final weeks of the year without having approved one new project yet. Global natural gas prices are near record highs, as utilities in Europe and Asia compete for whatever LNG cargoes they can get... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/29/2021, informs that today it concluded the sale of its stakes of 20% in Termelétrica Potiguar S.A. (TEP) and 40% in Companhia Energética Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM Participações S.A., respectively.... Continue Reading →
The pre salt Buzios field produced 709,697 Mboe/d (one thousand barrels of oil equivalent per day) in September, with 566,196 Mbbl/d of oil and 22,815 MMm3 of natural gas. As of this month, the field's production began to be assigned to two separate contracts, one for transfer of rights and the other for sharing, arising... Continue Reading →
With the largest fleet of tugs in Brazil, the company stands out in towing operations for the O&G sector With the recent demand and oil prices recovery in the international market, large companies are starting to move forward with new projects. A study carried out by Wilson Sons, the largest integrated operator of port and... Continue Reading →
BP added more than a billion dollars to its share buyback program on Tuesday as it likened itself to a "cash machine" benefiting from higher oil and gas prices and a strong trading performance in the third quarter. Natural gas and power prices around the world surged this autumn as tight gas supplies collided with... Continue Reading →
(OE) Around 30 production floater contracts are now queued up for award over the next 18 months, assuming no major market disruption occurs and the supply chain can absorb the orders within this time frame. That’s the conclusion of an in-depth market analysis just completed by IMA/WER. The market surge is being driven by crude... Continue Reading →
(Reuters) - Guyana plans to meet an unprecedented growth expected in its power demand by building a new gas-fueled plant and expanding its hydropower capacity, a key step to leave behind fossil fuels for generating electricity, President Irfaan Ali said this week. Latin America's newest oil producer on Thursday launched a low-carbon strategy ahead of... Continue Reading →
Petrobras won extra time from the National Petroleum Agency (ANP) to present the declarations of commercial viability for the discoveries of Farfan (BM-SEAL-4), Barra (BM-SEAL-10) and Moita Bonita (BM-SEAL-11) , in the Sergipe-Alagoas basin. The new deadline given to the company will be valid until December 30 of this year. To the ANP, Petrobras said... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) remains focused on hydrocarbons and plans to press ahead with a $30 billion liquefied natural gas project in Mozambique, a top executive said on Thursday. "We've been in hydrocarbons for over 130 years... it's the core part of our business and it will be for a long time," Exxon Senior Vice... Continue Reading →
Brazil Energy Insight 