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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/25/2022, informs that the company Grepar Participações Ltda. (Grepar), which entered into an agreement with Petrobras for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery and its associated logistics assets, sent a notification informing changes in its corporate... Continue Reading →
Danish offshore rig owner Maersk Drilling has secured a one-well extension for its drillship Maersk Valiant in Suriname. TotalEnergies E&P Suriname has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant, the drilling contractor reported on Thursday. The contract extension has an estimated... Continue Reading →
After its exclusivity deal with Australia’s Karoon Energy came to nought, Enauta, a Brazilian oil and gas player, has revealed that resuming the sale of a partial stake in a field located offshore Brazil is not currently on its agenda. Back in April 2021, Enauta disclosed its strategy to look for new partners for the development of the Atlanta... Continue Reading →
Global energy supermajor ExxonMobil and its partners Hess and CNOOC have made an astonishing number of high-quality oil discoveries in offshore Guyana. In April 2022 Exxon announced that it made three more discoveries in the 6.6-million-acre Stabroek Block, where it is the operator holding a 45% interest with 30% owned by Hess and the remaining 25% held... Continue Reading →
(Reuters) - Mexican President Andres Manuel Lopez Obrador said Wednesday the country expected crude processing in six state-run Petroleos Mexicanos (Pemex) refineries to increase to 1.2 million barrels per day, up from the current level of 840,000 barrels per day. Lopez Obrador said in a regular news conference that the Olmeca refinery along the coast... Continue Reading →
(Reuters) - BP (BP.L) is beefing up its hydrogen management team as the energy company prepares to accelerate investments in the low-carbon fuel which it believes will play a key role in the world's shift away from fossil fuels. The revamp of the hydrogen team is the first clear sign of changes Anja-Isabel Dotzenrath, a former head... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras and Raízen have signed an agreement to jointly evaluate potential businesses involving the production, purchase and sale of biomethane, a 100% renewable fuel produced by Raízen from sugarcane waste (vinasse and filter cake), generated in the agro-industrial operations of the company's Energy Bioparks. The partnership also foresees studies for the... Continue Reading →
Marine geophysical service provider PXGEO has secured a contract with Petrobras for a 3D ocean bottom node (OBN) survey in Brazil. The survey, to be acquired in water depths up to 2,200 metres, is scheduled to commence in late 2022, with a duration of approximately four months. According to the company’s CEO, Duncan Eley, this will be... Continue Reading →
Italian oilfield services firm Saipem has confirmed it has recently been awarded a limited notice to proceed (LNTP) by BW Offshore, for the early-stage engineering services for the supply of an FPSO unit to be supplied to Shell for the development of the Gato do Mato field offshore Brazil. The oil and gas field is... Continue Reading →
Oslo Stock Exchange-listed oil and gas E&P company BW Energy has confirmed it is engaged in discussions with Brazil’s state-owned oil and gas giant Petrobras to acquire the latter’s stake in a field located offshore Brazil. Back in January 2020, Petrobras disclosed its intention to sell its entire stake in two sets of deep-water post-salt offshore concessions,... Continue Reading →
Brazil Energy Insight 