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(Reuters) - Petrobras (PETR4.SA) plans to create a Chinese subsidiary, Chief Executive Jean Paul Prates told Reuters, as Brazil's state-run oil firm pushes to strengthen relations with the Asian nation that had "chilled" under former President Jair Bolsonaro. Prates said Petrobras aims to open the Chinese subsidiary next year, after getting formal approval. He said the move... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that a mission was carried out to China, during which Petrobras CEO Jean Paul Prates met with CEOs of Chinese companies and signed cooperation agreements in the energy sector, as specified below: MoU with China National Offshore Oil Corporation - CNOOC, in order to extend collaboration and explore the... Continue Reading →
Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and "restrictive" access to financing, the state oil firm's chief executive said on Wednesday. Petronas posted a 29% drop in second-quarter profit, in line with oil majors such as Chevron, Exxon Mobil and Shell.... Continue Reading →
(Reuters) - Colombia's Ministry of Finance has authorized state-controlled energy company Ecopetrol (ECO.CN) to arrange a line of credit worth up to $1 billion with international lenders, the company said on Monday. The loan will be provided by Deutsche Bank AG (DBKGn.DE), Banco Inbursa S.A., Foreign Trade Bank of Latin America S.A. (BLX.N) and ICBC Standard Bank Plc (SBKJLS.UL), Ecopetrol... Continue Reading →
(OE) Woodside has announced that the Trion field development plan (FDP) has been approved by the Mexican regulator, Comision Nacional de Hidrocarburos (CNH). Woodside’s final investment decision (FID) to develop the Trion resource, announced 20 June 2023, was subject to Trion joint venture approval and regulatory approval of the FDP. Both of these conditions have... Continue Reading →
(OE) Norway's BW Energy is now able to move forward with its acquisition of the FPSO Cidade de Vitória on the Golfinho field in Brazil, more than a year after it reached a deal with the FPSO's Italian owner Saipem. The two companies had signed a memorandum of agreement (MOA) for the $73 million floater sale in June 2022, but the transaction was subject... Continue Reading →
(Reuters) - European oil majors Eni (ENI.MI) and Repsol (REP.MC) plan to expand an oil-for-debt deal with Venezuela under U.S. approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries to Europe, three people close to the matter said. As Western sanctions last year cut the flow of Russian oil to Europe, Eni and Repsol received... Continue Reading →
(OET) UK-headquartered energy services provider Expro has entered into a definitive agreement to acquire the Houston-based offshore services provider, PRT Offshore, which will enable it to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America (NLA). This will also boost PRT Offshore’s surface equipment offerings in Europe, Sub-Saharan... Continue Reading →
Suriname, struggling with political unrest and a debt crisis, pins hopes on its oil sector after TotalEnergies delayed the billion-dollar final investment decision for Block 58. Latest appraisal drilling confirms that Block 58 could contain as much as 6.5 billion barrels of exploitable oil resources, boosting prospects for an oil boom similar to neighboring Guyana.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has today concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and Camarupim Cluster, in deep... Continue Reading →
Brazil Energy Insight 