Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Russian state energy company Rosneft (ROSN.MM) said on Monday it plans to pay a dividend on its nine-month results, the first such payment in its history, which is expected to total 216 billion roubles ($3.6 billion) and to boost the nation's budget. The importance of dividends by state companies, including Rosneft and Gazprom (GAZP.MM), as a... Continue Reading →
Following a temporary interruption of production, Brazil’s oil and gas player Enauta has restarted production from a well located on a field offshore Brazil. Earlier this month, Enauta announced a temporary interruption of production at a well on the Atlanta field, explaining that the initial assessment indicates that “this is an operational problem on the surface.” Due to... Continue Reading →
(Reuters) - Mexican state oil company Pemex said Saturday that it would work with the U.S. Environmental Protection Agency (EPA) to reduce greenhouse gas emissions - especially methane - to meet ambitious international commitments. Methane emissions have emerged as a top threat to the global climate, with scientists and policymakers around the world calling for aggressive... Continue Reading →
Oil major Shell has partnered with Kongsberg Ferrotech in a project that is developing tools to repair subsea assets using 3D printing technology. "Since 2021, Kongsberg Ferrotech has worked in a joint industry project with the partners Equinor, Gassco and SINTEF to develop and test advanced 3D printing technologies for in situ, metal to metal,... Continue Reading →
Dutch FPSO systems provider SBM Offshore said Thursday it had signed a memorandum of understanding with ExxonMobil for the supply of another FPSO in Guyana. "The company recently placed an order for a seventh Fast4Ward MPF hull. The construction of this hull is expected to start in the first quarter of 2023. An MoU was... Continue Reading →
U.S. oil company ConocoPhillips and China's CNOOC have recently announced the start of the Penglai offshore wind farm pilot project, aimed at harnessing wind power to supply power to the Penglai oil field. This is China’s largest offshore oil and gas production base under production sharing contract, located in Bohai Bay, Northeast China. Bill Arnold,... Continue Reading →
(TN) Eneva, an integrated energy company, which operates from the exploration and production (E&P) of natural gas to the supply of customized solutions, closed the third quarter of 2022 with a net profit of R$ 237 million, 61.4% higher than that recorded in the second quarter of this year. Adjusted EBITDA, of R$598 million, represented... Continue Reading →
(Reuters) - An appeals court in Milan on Friday rejected Nigeria's $1.092 billion compensation request against Italian energy group Eni (ENI.MI) and Shell (SHEL.L) in civil proceedings relating to a $1.3 billion oilfield deal. The decision was read out in court. In July, prosecutors had dropped related criminal proceedings, clearing Eni and Shell, as well as managers including Eni... Continue Reading →
(Reuters) - Portugal expects to become a major producer and exporter of green hydrogen with 70 private investors or groups planning to spend 10 billion euros ($10.2 billion), the environment minister said on Thursday. So-called green hydrogen, produced using renewable electricity, is seen as a key power source that can reduce pollution from long-haul heavy transport,... Continue Reading →
(OE) FPSO leasing firm BW Offshore said Thursday that Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem in relation to the supply of an FPSO for the Gato do Mato oil and gas field offshore Brazil. The extension is valid until February 15, 2023. Upon completion... Continue Reading →
Brazil Energy Insight 