Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) The Guyanese economy has recovered well after the COVID-19 pandemic thanks to an oil boom, the International Monetary Fund (IMF) said on Friday, but the country must be wary of over-dependence on oil income. The tiny South American nation has an ambitious oil development plan that has followed over 30 oil and gas findings... Continue Reading →
(OE) The Petroleum Safety Authority Norway (PSA), the Norwegian offshore safety watchdog, has consented to Equinor taking the Hywind Tampen floating offshore wind farm into use, as the first turbine set sail to the offshore location. Equinor’s 88MW Hywind Tampen will be the world’s largest floating offshore wind farm once completed later this year. It... Continue Reading →
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has brought in the second of three Suezmax second-generation dynamic positioning (DP2) shuttle tankers, purpose-built for a long-term charter with Petrobras for operations in Brazil. Back in February 2020, AET inked a charter deal with Petrobras for three Suezmax DP2 shuttle tankers and the first... Continue Reading →
(Reuters) - Investigative fracking operations in Colombia can go ahead after a court in the Andean country's Santander province on Thursday reversed a lower court's decision to block two pilot projects. Commercial development of non-conventional energy deposits - such as by hydraulic fracturing, or fracking for hydrocarbons - is not currently permitted in Colombia, but... Continue Reading →
(Reuters) - An Exxon Corp-led consortia operating in Guyana has found new "attractive deep-water" oil prospects in the South American country, Hess Corp (HES.N) Chief Executive John Hess on Thursday during a web conference. Exxon operates the consortia responsible for all oil production in Guyana with a 45% stake, with partners Hess (30%) and CNOOC Petroleum (25%).... Continue Reading →
Spanish offshore engineering company Saitec on Thursday announced its interest in developing a pre-commercial floating wind pilot park with 5 floating wind units and a total potential of 50MW, 15 km from Cap de Creus, Catalonia, Spain, by 2025. The offshore wind turbines will use SATH technology in open sea in Girona, specifically in an... Continue Reading →
As it completes the drilling of another well offshore Gabon, Houston-based Vaalco Energy is anticipating a boost to its reserves and production after its third well in 2022 goes online later this month. In a bid to execute its new four-well 2021/2022 drilling campaign focused on the Etame field, Vaalco hired in June 2021 a jack-up rig... Continue Reading →
Norway-based DeepOcean has been awarded a contract to provide subsea services to Vineyard Wind 1, the first utility-scale offshore wind project in the US. Under the contract, DeepOcean will provide a range of subsea services including project management, engineering, ROV, tooling, and survey activities. The company will lead the project out of its office in... Continue Reading →
(EV) “There is a unique opportunity to invest in new projects, given the high prices, which we expect to remain high for a few years,” IHS technical researcher for Africa Ismini Katsimpardi said. “Projects that were not viable one or two years ago can now go ahead.” Katsimpardi talked through discoveries in Cote d’Ivoire, Namibia... Continue Reading →
- Petróleo Brasileiro S.A. - Petrobras informs that it signed a contract for the purchase of Edison S.p.A.'s interest (50%) in Ibiritermo S.A., for the price of R$ 1.00, in compliance with the Energy Conversion Contract (ECC), signed on 06/21/2002 with Ibiritermo S.A.. Additionally, at the conclusion of the transaction, Petrobras will make the payment... Continue Reading →
Brazil Energy Insight 