Petróleo Brasileiro S.A. - Petrobras informs that it has signed the Integrated Natural Gas Processing System (SIP) contract with CNOOC Petroleum Brasil Ltda. (CNOOC) and, together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil, partners in the Santos Basin pre-salt offshore pipelines, has concluded the process of CNOOC's adhesion to the existing contracts of... Continue Reading →
(Reuters) - Argentina's booming shale production in Vaca Muerta, a formation that rivals the United States' Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth. The government is now racing to build out infrastructure: a major... Continue Reading →
(Reuters) - Argentina has secured financing of $689 million from Brazilian state development bank BNDES for the second stage of a crucial natural gas pipeline in the huge Vaca Muerta shale region, energy secretary Flavia Royon said on Monday. The pipeline, which will hugely increase the country's gas transport capacity, will help Argentina "to achieve... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, in a meeting held today, the Strategic Plan for the five-year period 2023-2027 (SP 2023-27). Throughout 2022, Petrobras delivered an operational and financial performance in line with its commitment to generate value for society and shareholders and in full adherence with the 2022-2026... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/25/2021, 03/10/2022, 05/13/2022 and 08/30/2022, informs that it has today finalized the sale of the shares of Refinaria de Manaus S.A. (Manaus Refinery), which was formed to hold Refinaria Isaac Sabbá (REMAN) and its corresponding logistics assets, located in Manaus, Amazonas, to the... Continue Reading →
BP’s subsidiary, bp Trinidad and Tobago (bpTT), has started production from its Cassia Compression (Cassia C) development project offshore Trinidad and Tobago. Located 57 kilometres off the southeast coast of Trinidad, the Cassia C platform is BP’s 16th offshore facility in Trinidad and Tobago. The first gas from the facility was previously expected in 3Q 2021 but the... Continue Reading →
(Reuters) - Mexican state power utility CFE has signed an agreement with French energy company Engie to develop terms and requirements to expand the Mayakan gas pipeline in the Yucatan Peninsula, CFE said in a statement Monday. Representatives for the two parties met on Nov. 23, CFE said. The Mayakan pipeline spans some 800 km... Continue Reading →
In 3Q22, Petrobras kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes of Atapu and Sepia - which became effective on May... Continue Reading →
(OM) TC Energy has contracted Allseas to install a 36-inch offshore pipeline delivering gas to southeast Mexico. The Southeast Gateway line will run about 700 km south along the coast from Tuxpan connecting the ports of Coatzacoalcos and Dos Bocas. This is also the first major natural gas infrastructure project commissioned by the alliance between TC Energy... Continue Reading →
Italian contractor Rosetti Marino has been awarded a contract by TotalEnergies for the construction of the Fenix project platform, which will be installed 60 km off the coast of Terra del Fuego in southern Argentina. This comes days after TotalEnergies announced a final investment decision for the Fenix gas development, the world’s southernmost gas project. TotalEnergies and... Continue Reading →
