Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Portugal wants to speed up investments in green hydrogen projects, which are essential to decarbonize the economy, and will end mandatory environmental assessments for them in March 2023, Prime Minister Antonio Costa said. Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10... Continue Reading →
(Reuters) - Venezuelan officials and executives from U.S. oil company Chevron Corp (CVX.N) held a private meeting on Wednesday at one of their joint ventures to discuss operations and management, but workers were left out, three sources close to the matter said. In November, the U.S. Treasury Department issued a license to Chevron to expand operations in... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Thursday said it will raise spending next year closer to the top end of its $20 billion-$25 billion annual guidance and expand investments to curb carbon emissions. Exxon led record gains among oil majors in the second and third quarters this year, aided by its highly criticized decision during the COVID-19 pandemic to double... Continue Reading →
Offshore accommodation provider Prosafe has been awarded a contract by Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. Prosafe was declared the winner of a bidding process launched by Petrobras for the provision of the Safe Zephyrus semi-submersible unit in November. A potential contract award and the timing of the contract... Continue Reading →
Oil and gas company Perenco has said it has discovered oil in the Tchibeli North East pre-salt Vandji exploration prospect on the Perenco-operated PNGF Sud license, offshore Congo. Perenco said that good oil and gas shows were recorded on entry into the reservoir, and a 75-meter oil column was interpreted on logs. "A test of... Continue Reading →
(OET) Italian oilfield services provider Saipem has decided to buy the Santorini ultra-deepwater drillship from South Korea’s Samsung Heavy Industries to strengthen its offshore drilling fleet amid the growing demand in the market. The Santorini drillship was initially ordered from Samsung Heavy by Ocean Rig and it was slated for delivery in the second quarter of 2017. Come... Continue Reading →
(Reuters) - BP chief executive Bernard Looney is betting on hydrogen to power future low-carbon businesses as the governments of major economies stump up cash to develop the fuel to decarbonise. Low-carbon hydrogen already has a big fan-base and is forecast to play a major role in reducing greenhouse gas emissions from heavy industries and... Continue Reading →
(OE) The Dutch government on Friday said it would appoint gas grid operator Gasunie to oversee plans to develop a hydrogen network in the North Sea, Energy Minister Rob Jetten said in a letter to parliament. The Dutch government is due on Dec. 8 to debate in parliament over ambitious plans to shift much of... Continue Reading →
Malaysian FPSO leasing company Yinson has agreed to start preliminary activities for the provision of an FPSO for Eni, BP JV in Angola, called Azule Energy. Under the agreement with Azule Energy, Yinson will kick off preliminary activities for the provision, operation, and maintenance of a floating, production, storage, and offloading asset for the Agogo... Continue Reading →
Sweden-based Maha Energy has signed a binding term sheet regarding a business combination with DBO 2.0 S.A. (“DBO”) for a consideration of 36,775,410 new shares in Maha. According to Maha, DBO is a private upstream oil and gas company focusing on mature offshore fields in Brazil formed in 2017. The company says that DBO has... Continue Reading →
Brazil Energy Insight 