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(epbr) TotalEnergies, a major western oil and gas producer, is developing 9 GW of offshore wind generating capacity off the coast of Brazil. There are three distribution parks in Ceará, Rio de Janeiro and Rio Grande do Sul. It joins the giants Equinor and Shell, also in the oil and gas segment, but with energy... Continue Reading →
(Reuters) - Two U.S. liquefied natural gas (LNG) projects took major steps toward launching this week as Russia's threats to cut energy supplies to Europe drives up demand and prices for the super-chilled fuel. Developers Sempra Energy (SRE.N) and New Fortress Energy Inc (NFE.O) advanced agreements on separate projects, one of which could be producing LNG within 12 months.... Continue Reading →
(PN) The National Petroleum Agency (ANP) confirmed that the country's proved reserves grew 11% in 2021. In addition, there was an increase of 14.3% in the volume related to the sum of proved and probable reserves (2P) and of 19.8% in the sum of proved, probable and possible (3P), compared to 2020 data. Replacement rate... Continue Reading →
Oil major Shell has started production on Block 22 and NCMA-4 in the North Coast Marine Area (NCMA) in Trinidad and Tobago. Shell made the Final Investment Decision for Project Colibri in March 2020. The start-up of Colibri follows the amendment to the Block 6 Production Sharing Contract for the Manatee field, marking yet another significant milestone in... Continue Reading →
(Reuters) Mexico's ongoing support for state oil company Petroleos Mexicanos (Pemex) remains a challenge to government finances and the sovereign credit rating, Moody's said on Thursday. Moody's, which gave Mexico a "Baa1" rating with a negative outlook, said "sluggish domestic demand, weak investment prospects and limited productivity growth" weigh down the Latin American country's medium-term growth prospects. The rating agency said that Mexico's economic... Continue Reading →
(Reuters) - Venezuela's state-run energy firm PDVSA is in talks to buy and lease several oil tankers amid a possible expansion in exports, according to three sources and a document seen by Reuters, a sign the country expects U.S. sanctions on its petroleum sector to be eased. Russia's invasion of Ukraine has set off a... Continue Reading →
https://www.youtube.com/embed/FrGBl51bBj0 The hull of the FPSO Prosperity, which will be Guyana's third offshore production unit after the Liza Destiny and Liza Unity, has recently left the dry dock in Singapore, in preparation for topside installation works. The hull arrived in Singapore last year from China where it was built. In Singapore, Keppel will install the... Continue Reading →
(Reuters) - Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Berlin said amounted to "blackmail". Putin’s move, via a decree signed on Thursday, leaves Europe facing the prospect of losing more than a third... Continue Reading →
(Reuters) - Brazilian oil company PetroRio SA (PRIO3.SA) is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras (PETR4.SA), two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex. Petrobras, formally Petroleo Brasileiro SA (PETR4.SA), has been in bilateral talks with PetroRio... Continue Reading →
(PetroleoHoje) Foreign companies and independent oil companies already account for 28.4% of oil production per concessionaire, according to data published by the ANP on Wednesday (3/30), referring to the month of February. The difference is 9.2% in relation to the same period last year, in which these companies accounted for 26% of oil production per... Continue Reading →
Brazil Energy Insight 