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French energy major TotalEnergies and energy transition company Technip Energies have teamed up to decarbonise LNG plants and offshore facilities for the energy transition push. The companies signed a technical cooperation agreement that aims to accelerate the energy transition. Under the agreement, they will explore new concepts and technologies to cover LNG plants and offshore-type... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media concerning the divestiture of Petrobras Gás S.A. (Gaspetro), clarifies that the information that the company Sobek Energia is in the dispute for the asset is untrue. Gaspetro's divestment project is under the binding phase, as disclosed to the market on 07/10/2020,... Continue Reading →
(PetroNoticias) The P-76 platform is the second production unit in the Buzios field, in the Santos Basin, to send natural gas to the continent. The activity started in June and announced today by Petrobras. The operation began after the interconnection of the ship-platform to the gas pipeline known as Rota 2, which transports production to... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) will boost returns to shareholders via share buybacks or dividends earlier than expected after a sharp rise in oil and gas prices helped it reduce debt, the Anglo-Dutch energy firm said on Wednesday. Shell will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in... Continue Reading →
Petróleo Brasileiro S.A – Petrobras informs that, in accordance with the contracts in effect, it will adjust, as of August 1, 2021, the natural gas sale prices for distributors. The variation results from the application of the supply contract formulas, which link the price to the oil price and the exchange rate. The contract prices... Continue Reading →
Just days after a video of a massive ocean surface blaze near a Pemex oil platform in the Gulf of Mexico went viral, Mexico's national oil company has declared that environmental damage was avoided due to quick action by its workers. The July 2 blaze, caught on video apparently from a nearby helicopter, showed bright... Continue Reading →
Development of the liquefied natural gas market boosts supply chain in the country's energy sector With the New Gas Law, sanctioned on April 8, liquefied natural gas (LNG) will have a relevant role in the national market. Among the main advantages of the fuel are the competitive prices, in addition to the flexibility of origin.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 10/01/2021 and 04/16/2021 informs that on 06/14/2021, a public session was held to open the commercial proposals of the bidders interested in leasing the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, with the company Excelerate Energy Comercializadora de Gás Natural Ltda. (Excelerate)... Continue Reading →
Will Be the Most Fuel-efficient Gas Turbine Power Plant in South America (BUSINESS WIRE)--Mitsubishi Power Americas, Inc. has shipped an M501JAC gas turbine to Marlim Azul Energia’s power plant in Macaé, Rio de Janeiro, which will become the most fuel-efficient power plant in South America when it begins operation in January 2023. The plant was the winning... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will start on August 15th the scheduled stoppage for 30 days of the Mexilhão platform and Route 1 pipeline, which outflows natural gas produced in Mexilhão and in other pre-salt and post-salt platforms in the Santos Basin. The intervention on Mexilhão platform and Route 1 gas pipeline... Continue Reading →
Brazil Energy Insight 