Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) A strike by environmental workers in Brazil is already impacting Petrobras' operations in three offshore oil fields, the state-run firm told Reuters on Wednesday. There have been delays in developing production in the Mero, Buzios and Marlin fields, assets that require approval from the environmental agency Ibama to increase production. Since January, Ibama employees... Continue Reading →
(Reuters) BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part of a decision by Auchincloss... Continue Reading →
(Reuters) A newly formed company headed by a former Exxon Mobil executive was selected to support the Guyana government and Exxon to create a new independent natural gas development in the country, Guyana's Ministry of Natural Resources said. Fulcrum LNG offered "the most comprehensive and technically sound proposal" among 17 bidders, the government said in... Continue Reading →
(Oil Now) Cost recovery for investments into the Stabroek Block petroleum operations are set to accumulate to approximately US$31 billion by the end of 2024. The Stabroek Block Production Sharing Agreement, inked by the Guyana government, ExxonMobil, Hess and CNOOC, allows the co-venturers to recover investments by taking up to 75% of annual production as... Continue Reading →
(Zack's) Petrobras PBR, a Brazilian oil and gas company, in partnership with Colombia-based integrated oil and gas company Ecopetrol S.A. EC, has commenced the drilling of the Uchuva-2 well in the Tayrona block, located offshore Colombia’s Caribbean coast. This move is part of a broader strategy to boost Colombia's natural gas reserves and enhance the country's energy security.... Continue Reading →
(Offshore-energy.biz) Texas-based subsea oil and gas equipment and services player Trendsetter Engineering has tucked a new assignment under its belt on two offshore oil fields in Brazil, following its entry into the South American country’s market with the establishment of local facilities in Macaé. Trident Energy do Brasil, part of Trident Energy Group, has picked... Continue Reading →
(Reuters) U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday. The company's proposal was selected from among 17 submitted to Guyana for the gas project. Fulcrum will work with Guyana... Continue Reading →
This month, June, in London, the International Maritime Organization (IMO), connected with the UN through its Sub-Committee on Navigation, Communications and Search and Rescue (NCSR), recommended approving the Brazilian proposal to create Areas To Be Avoid (ATBA) to reduce the risk of collisions between merchant ships and oil platforms and support vessels of the energy... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in the third quarter of this year. The unit is scheduled to begin operations in the last quarter of 2024, thus advancing... Continue Reading →
(Offshore-energy.biz) While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire,... Continue Reading →
Brazil Energy Insight 