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Petróleo Brasileiro S.A. – Petrobras, following up on the material fact disclosed on December 20, 2022, informs of the non-compliance with the contractual payment obligation of Carmo Energy and its parent company COBRA INSTALACIONES Y SERVICIOS, S.A., as guarantor, related to the sale of all of its stakes in the set of 11 onshore oil... Continue Reading →
(Reuters) Brazilian oil company Enauta said on Monday it acquired the entire 23% stake held by QatarEnergy Brasil Ltda in some oil fields in the Campos Basin for a total value of $150 million. In a securities filing, the company said that the transaction to acquire a stake in the Abalone, Ostra, and Argonauta oil fields, components of the so-called... Continue Reading →
(Reuters) - A natural gas project to be developed in Venezuelan waters by Shell (SHEL.L) and Trinidad and Tobago's state firm National Gas Company (NGCTT.UL) could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday. Venezuela and Trinidad on Thursday signed a 30-year license granting Shell... Continue Reading →
(Reuters) - Equinor (EQNR.OL) has secured stakes in two more oil exploration blocks offshore Angola as it seeks to extend its presence in the country, the head of the Norwegian company's Africa operation said in a statement on Friday. Equinor is reshaping its international portfolio, announcing a sale on Friday of all assets in Azerbaijan while deepening its commitment... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received a communication from Mubadala Capital proposing the formalization of recent discussions on the formation of a potential strategic partnership for the development of downstream in Brazil, in continuity with the memorandum of understanding released on September 4, 2023. The initiative has as its scope businesses... Continue Reading →
(OE) Seatrium has delivered a floating storage and regasification unit (FSRU) Energos Celsius to New Fortress Energy (NFE), one of the world’s leading LNG project developers. Energos Celsius is owned by Energos Infrastructure, a global marine infrastructure platform backed by Apollo funds and NFE, and the vessel is on long-term charter to NFE in Brazil.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 09/08/2021, 10/27/2021 and 03/29/2023, informs that it has signed today, with Enauta Energia S.A. ("Enauta"), contracts for the assignment of its entire stake in the Uruguá and Tambaú fields, in deep waters in the post-salt, located in the Santos Basin. The amount to... Continue Reading →
(PN) The Norwegian oil company Equinor signed a letter of intent with the Brazilian construction company Azevedo & Travassos (A&T) for the works on the 4.5 km onshore section of the gas pipeline that will transport production from the Raia Project, in the Campos Basin. Construction will be carried out in Macaé (RJ), under the... Continue Reading →
(Reuters) Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, oil minister Diamantino Azevedo said on Thursday. Angola, which joined OPEC in 2007, produces about 1.1 million barrels of oil per day, compared with 28 million bpd for the whole group. Confirming an earlier report by... Continue Reading →
(OET) U.S. energy major New Fortress Energy (NFE) has revealed that the construction of its Santa Catarina (TGS) terminal in Brazil is complete, and the company is looking forward to the arrival of the floating storage and regasification unit (FSRU) Energos Winter in January 2024. The first LNG terminal in the south of the country,... Continue Reading →
Brazil Energy Insight 