20-year FLNG gig in South America opening doors to LNG exports’ club for Argentina

(Offshore-energy.biz) Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG has sealed a deal with Pan American Energy (PAE), a Latin American integrated energy company, for a multi-year use of a floating LNG (FLNG) vessel, which will leverage Argentina’s prolific natural gas resources, positioning the South American country for further LNG... Continue Reading →

July 5, 2024 0

Transpetro carries out unprecedented oil transshipment operation at the Port of Itaqui (MA)

(TN) On June 29th and 30th, Transpetro carried out the first oil transfer operation between ships (Ship to Ship) at the Port of Itaqui, in Maranhão. The company was already transshipping diesel and gasoline at the São Luís Terminal. With the operation, the Port of Itaqui returns to handling oil after 40 years, which demonstrates... Continue Reading →

July 3, 2024 0

Brazil National Production of oil and natural gas increased in May and reached 4.234 million barrels of oil equivalent per day (boe/d)

(TN) ANP released today (2/7) the Monthly Oil and Natural Gas Production Bulletin for May 2024, which provides consolidated data on national production. This month, there was an increase in oil and natural gas production, and also in pre-salt production.Total production (oil + natural gas) was 4.234 million barrels of oil equivalent per day (boe/d).Regarding... Continue Reading →

July 2, 2024 0

BP Halts Hiring, Pauses New Offshore Wind Projects to Win Over Investors

(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 →

June 27, 2024 0

A mountain of asset sales loom after oil megamerger era

(Reuters) - U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews. The share buybacks and dividends are needed to lure investors back... Continue Reading →

June 26, 2024 0

PetroReconcavo sells 50% stake in seven fields in Rio Grande do Norte to Mandacaru Energia

(PN) PetroReconcavo signed a contract to sell 50% of its stake in seven concessions to Mandacaru Energia (Ubuntu). The assets (Acauã, Baixa do Algodão, Fazenda Curral, Fazenda Malaquias, Pajeú, Rio Mossoró and Três Marias) are located in the Potiguar Basin, in the state of Rio Grande do Norte. The fields currently produce 390 barrels of... Continue Reading →

June 5, 2024 0

Vestas Creates Wind Tech, Manufacturing and Supply Chain Role

(OE) Danish wind turbine maker Vestas has united its Technology organization (CTO) and Manufacturing and Global Procurement organization (COO) into one Technology and Operations Organization (CTOO) to strengthen its approach within delivery of wind energy solutions. The united CTOO organization will become the foundation for one enterprise-wide industrial system within Vestas and will be headed... Continue Reading →

May 29, 2024 0

Siemens Energy shakes up troubled wind unit after strong results

(Reuters) - Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts and a new CEO, tightening its grip on a loss-making business as the provider of power equipment emerges from its biggest crisis to date. The announcement, which was flanked by a raised full-year outlook and a fourfold increase... Continue Reading →

May 8, 2024 0

Exclusive: Paraguay pushes rival bid for $1.5 billion Argentina-Brazil gas connector

(Reuters) - Paraguay is advancing talks with energy firms and high-ranking government officials from Argentina and Brazil over a potential $1.5 billion gas pipeline to connect the three countries, senior government officials for Paraguay and Brazil told Reuters. The plan being drawn up by Paraguay, reported in detail for the first time, aims to compete... Continue Reading →

May 7, 2024 0

Petrobras launches tender for large onshore drilling rigs

Petrobras launched a bidding process to contract four large rigs, which will drill oil and gas production wells onshore in the fields of Araçás, Fazenda Azevedo, Massapê , Taquipe, Fazenda Boa Esperança, among others, in Bahia, and Rio do Urucu, Sudoeste do Urucu and Leste Urucu and Arara Azul, in Amazonas. The rigs to be... Continue Reading →

May 1, 2024 0

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