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(U) Trident Energy expects to start looking next month for buyers of stakes in two of the 10 oil concessions it wholly acquired from Petrobras in 2020, its top boss said on Wednesday. The UK firm has hired Brazilian bank Itaú BBA to run the competitive process, Jean-Michel Jacoulot, chief executive officer of Trident, told... Continue Reading →
(U) Shell expects to decide on sanctioning Gato do Mato, its biggest new Brazilian offshore project, within the next three months – after re-evaluating its viability in the light of supply constraints and rising costs in recent months. The UK-based supermajor has been working on contracting arrangements for a project that will feature a floating... Continue Reading →
(EV) TotalEnergies plans to continue pressing ahead with short-cycle projects in Angola but also add a new hub on the Cameia-Golfhino finds. Patrick Pouyanné, speaking during the company’s strategy and outlook presentation, highlighted the attractiveness of Angola’s role in Total’s portfolio. The company aims to take a final investment decision on the new Angola hub... Continue Reading →
(OED) Swedish firm Vattenfall has obtained the right to develop the N-7.2 offshore wind power project off the German North Sea coast. The project is expected to generate enough electricity to power the equivalent oif more than one million German households. As part of the tender process for the construction of a large wind farm... Continue Reading →
The Swedish Coast Guard has discovered a new gas leak on the Nord Stream pipelines that connect Russia and the European Union, representing the fourth one found this week. According to local media reports, the Swedes discovered the fourth leak on Nord Stream 2, near a larger leak discovered earlier on Nord Stream 1. Nord... Continue Reading →
(Reuters) Capricorn Energy said on Thursday it was ditching its plan to merge with Africa-focused Tullow Oil in favour of a combination with Israel's NewMed Energy, following shareholders' opposition to deal . Under the proposed combination, NewMed unitholders will receive 2.337344 new Capricorn shares for each unit held, the companies said in a joint statement A special... Continue Reading →
Finland-headquartered technology group Wärtsilä has inked what is described as “a pioneering agreement” for decarbonisation projects in the oil and gas segment in the Americas with Brazil’s shipping company Grupo CBO. This is the Finnish player’s first contract in the decarbonisation area for the oil and gas sector in Latin America, and the second one in the Americas. CBO... Continue Reading →
One of Seadrill’s drillships has arrived in Brazil to complete testing operations ahead of its three-year contract with Petrobras. Seadrill secured two contracts with Petrobras for the West Carina and West Tellus rigs back in November 2021. Both agreements, for work on the Búzios field, were signed on a three-year fixed-term basis with a planned start date... Continue Reading →
(TN) Petrobras' divestment strategy was instrumental in boosting competitiveness and expanding production from mature fields in the country. The percentage of mature concessions operated by companies other than Petrobras - increased from 16% in 2010 to 38% in 2021. During this period, the number of operating companies jumped from 24 to 44. companies have given... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it signed a contract with Keppel Shipyard Limited for the construction of the P-83 platform, as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area. The P-83 will be able to produce up to 225 thousand barrels of oil... Continue Reading →
Brazil Energy Insight 