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(Offshore Energy) UK oilfield services provider Wood has been awarded a contract by Woodside Energy for the Sangomar FPSO development, located offshore Senegal. The floating production storage and offloading (FPSO) vessel is specifically designed for the processing of hydrocarbons and the storage of oil before being transported to markets around the world. On completion in... Continue Reading →
(OE) Oilfield services group Hunting has won a contract to provide titanium stress joints for ExxonMobil's Yellowtail oilfield development project in the Stabroek Block offshore Guyana. Hunting said its Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution. “Hunting is extremely excited for the opportunity to use our worldwide,... Continue Reading →
(Reuters) Chinese oil giant CNOOC Ltd said on Monday it will raise 28.08 billion yuan ($4.41 billion) in a share listing in Shanghai, after setting the price for what will be mainland China's 11th-biggest public stock offering. Fundraising will be expanded to 32.29 billion yuan if an over-allotment "greenshoe" option to buy and sell more... Continue Reading →
Falkland Islands-focused oil and gas exploration company Argos Resources said Monday that the Falkland Islands government has extended the second term of the company's PL001 offshore license. The license, which would have expired on May 2, 2022, has been extended to December 31, 2022, with no additional work commitments. In a statement on Monday, Argos... Continue Reading →
(Reuters) - Holding company J&F Investimentos has prepared an offer to purchase a controlling stake in Brazilian petrochemical firm Braskem SA (BRKM5.SA), newspaper O Globo reported on Sunday. The newspaper, which did not say how it obtained its information, did not specify the stage of any potential negotiations, saying only that the offer "had been discussed,... Continue Reading →
President Joe Biden’s decision to ban Russian energy imports to the U.S. is boosting the outlook for South America’s newest oil-producing nation Guyana as well as neighboring Suriname. The deeply impoverished microstates share the offshore Guyana-Suriname Basin where global energy supermajor ExxonMobil with its partners has made a slew of quality petroleum discoveries in offshore Guyana’s Stabroek... Continue Reading →
(Reuters) - Rafael Grisolia, a former CFO at Brazilian state-run oil company Petrobras and former CEO of fuel distributor Vibra Energia (VBBR3.SA), has been appointed the chief financial officer of Brazil's Seacrest Petroleo, the company said in a statement on Thursday. Seacrest Petroleo, the Brazilian unit of global oil and gas-focused private equity firm Seacrest Capital,... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for March 2022 in the assets that the Company holds participation. (1) Refers to 3R's stake in all Polo Macau concessions. On December 21, 2021,... Continue Reading →
(PetroleoHoje) At the end of April, Petrobras will start a drilling campaign in Colombia. The activity will be carried out in the Tayrona area, located in the deep waters of the Guajira Basin. The activity will be carried out by Transocean's Development Driller III rig, which began to be towed to the location last week.... Continue Reading →
(Reuters) - Record volumes of fuel oil from Latin America landed in the United States in March, customs data showed, as refiners snapped up alternatives to Russian feedstocks ahead of Washington's April 22 deadline to end U.S. imports of Russian oil. U.S. Gulf Coast refiners that use fuel oil to supplement heavy crude went hunting... Continue Reading →
Brazil Energy Insight 