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Brazilian oil company Enauta said Friday it had received a letter from the Malaysian FPSO company Yinson, notifying the exercise of an option to acquire FPSO Atlanta, through the purchase of all the shares of AFPS B.V., the platform owner company. Enauta normally produces oil from the Atlanta field offshore Brazil using the early production... Continue Reading →
(Reuters) U.S. government officials repeatedly warned Exxon Mobil to avoid doing business with two mining magnates in Guyana, who face a U.S. investigation on suspicions of money laundering, drug trafficking and gold smuggling, according to five people with knowledge of the matter and two intelligence reports seen by Reuters. The Texas-based oil giant ignored the... Continue Reading →
(Reuters) Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday. Trinidad and Tobago is pushing to speed up exploration and development of offshore areas aiming to secure natural gas supplies to feed its liquefied... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that, as a follow-up to the release disclosed on May 29, 2023, it has entered into a new natural gas contract with Companhia de Gás de São Paulo ("Comgás"), effective from January 2024 until December 2034, in the estimated amount of R$ 56 billion. The contract is the result... Continue Reading →
Norwegian state-owned oil and gas giant Equinor has disclosed video footage, showing a floating production storage and offloading (FPSO) vessel, which will work on its field offshore Brazil, leaving a Chinese shipyard, following 32 months of work. Equinor’s video shows the FPSO Bacalhau hull leaving the Dalian Shipbuilding (DSIC) shipyard in China. This comes over a month after... Continue Reading →
(Reuters) Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. The reduced production implies that, in total, Pemex will lose at least 2 million barrels of... Continue Reading →
(OET) Newly formed upstream energy investment platform Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner, from funds managed by BlackRock Infrastructure and from Petrofac Limited. According to Samos Energy, this acquisition enables it to take over PetroFirst’s fleet of three offshore production... Continue Reading →
Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →
Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... Continue Reading →
(Reuters) Mexican oil company Pemex estimates that a deadly fire on a major offshore platform off the southern edge of the Gulf of Mexico has led to the loss of 700,000 barrels of crude oil production so far, while one person remains missing, the CEO of the state company, Octavio Romero, said on Saturday. The... Continue Reading →
Brazil Energy Insight 