Brought to you by Quest Offshore & Southern Cone Consultants
Oil majors Shell and TotalEnergies have secured six and two offshore exploration blocks, respectively, in the Santos basin offshore Brazil as part of the country’s latest bid round. Brazil’s National Petroleum Agency, Natural Gas and Biofuels (ANP) on Wednesday held the public bidding session of the 3rd Cycle of the Open Acreage in the Concession... Continue Reading →
(PN) In a final assessment of the result of the Permanent Offer auction, held this morning, the National Petroleum Agency (ANP) highlighted the main numbers achieved in the auction. In all, 59 exploratory blocks were acquired in six basins, which generated R$ 422.4 million in signature bonuses. This represents a premium of 854.84%. In addition,... Continue Reading →
(Valor) Dommo Energia, a business resulting from the restructuring of OGX, started a sales process that has already attracted at least five interested parties. The process is at the beginning, but there are already signed NDAs. The oil company mandated Santander to carry out the M&A. According to a source, one of those interested in... Continue Reading →
(Reuters) - Dealmaking in the U.S. oil and gas industry surged fourfold in value in the first quarter, even as Russia's invasion of Ukraine poured cold water on M&A activity in March, according to consultancy Enverus. Oil producers struck deals worth $14 billion in the first three months, compared with $3.4 billion last year. Of... Continue Reading →
(Reuters) - Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia. The EU has not imposed a ban on imports of Russian oil in response to Russia's invasion of Ukraine,... Continue Reading →
(PE) Angolan NOC selects preferred bidders—with exclusive acquisition rights—to buy partial stakes in six blocks, four of which are already in production Angola’s Sonangol called last year for bids on portions of its equity shares in various blocks and has been evaluating the results since September. The NOC has now selected preferred bidders for its... Continue Reading →
(Reuters) - China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the assets could become subject to Western sanctions, industry sources said. Ties between China and the West have long been strained by trade and human rights issues... Continue Reading →
(Reuters) - Stockholm-based Maha Energy AB (MAHAa.ST) remains interested in purchasing Petrobras' stake in the Tartaruga oil field in northeastern Brazil after the company's first attempt at buying the asset was unsuccessful, Victoria Berg, the company's investor relations officer, told Reuters in an e-mail on Tuesday. Petroleo Brasileiro SA (PETR4.SA), as the state-run oil company is formally known,... Continue Reading →
(Offshore Energy) Japan’s FPSO provider MODEC has hired Inprocess, a Spain-headquartered process simulation services and consulting company, for the provision of a new Emulated Operator Training Simulator (OTS) solution for a floating production storage and offloading (FPSO) vessel bound for Brazil. Inprocess reported last Friday that it had been awarded a deal for the development... Continue Reading →
(OE) Hexicon, a Swedish twin floating wind turbine technology company, has set up a joint venture in Greece with the local company EAMAA. "This is a first step to start the development of floating offshore wind projects off the coast of Greece. A new legal framework for offshore wind is expected this year and Hexicon... Continue Reading →
Brazil Energy Insight 