Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Colombia's highest administrative court on Thursday ruled against a lawsuit looking to nullify rules that would allow fracking projects in the Andean country, effectively overturning a moratorium on the commercial development of non-conventional oil and gas deposits, it said in a statement. The Council of State in rejecting the suit said the rules... Continue Reading →
Seismic data companies TGS and CGG said this week they were successful in their respective bids in the auction process conducted in relation to their rival's ION Geophysical Corporation’s (ION) Chapter 11 bankruptcy case pending in the United States Bankruptcy Court for the Southern District of Texas. TGS will acquire certain assets related to ION’s... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/28/02, informs that it has today finalized the sale of its entire interest (27.88%) in Deten Química S.A (Deten), located in the industrial complex of Camaçari, in the state of Bahia, to the company Cepsa Química S.A, which already has an indirect interest... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/22/21, informs that it signed an agreement today with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) relating to the collection of royalties on the operation of the Shale Industrialization Unit (SIX), located in São Mateus do Sul, state of Paraná,... Continue Reading →
(Reuters) - Shell (SHEL.L) said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill. "Shell welcomes the Nigerian Supreme Court's decision to hear the appeal of the Shell Petroleum... Continue Reading →
(Reuters) - The sudden resignation of Petrobras' CEO may speed up the accession of a government-backed candidate to the top job, four sources said, an appointment seen aimed at giving the state a greater say over fuel pricing in Latin America's No. 1 economy. On Monday, Petrobras (PETR4.SA) announced that Jose Mauro Coelho was stepping down as... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following the announcement made on June 10, 2022 about the injunction decision issued by the Court of Justice of the State of Rio de Janeiro determining the suspension of contractual negotiations related to the sale process of the Bahia Terra Cluster, informs that the suspensive effect of the appeal filed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras and the Sergipe Government signed today a protocol of intentions to identify business opportunities with the use of natural gas ,considering the development by the company of a new frontier in Sergipe Deep Waters. The objective of the protocol is to express the purpose of prospecting and structuring business opportunities,... Continue Reading →
Aker Solutions and NOV have signed a long-term technology cooperation agreement to optimize subsea system solutions, expected to enable sustainable oil and gas, low carbon, and renewable solutions. According to the parties, the joint effort will combine the technology strengths of NOV and Aker Solutions to optimize system solutions, allowing for greater flexibility and value... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was notified, on 06/09/22, of the preliminary injunction decision issued by the Court of Justice of the State of Rio de Janeiro, determining the paralysis of contractual negotiations with the Petrorecôncavo and Eneva consortium regarding the sale process of the onshore production fields located in the Recôncavo... Continue Reading →
Brazil Energy Insight 