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The market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, with 10 new awards expected, according to a Rystad Energy report. Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →
(OE) Italian oil company Eni has extended its contract for BW Offshore's Abo floating production storage and offloading (FPSO) vessel for another year. The FPSO's owner BW Offshore said Thursday it has signed the extension with Eni's subsidiary Nigerian Agip Exploration. Under the extension, the FPSO, used for production from the Abo field offshore Nigeria,... Continue Reading →
(Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell (RDSa.L), the world's largest trader of LNG, were... Continue Reading →
(OE) Italian offshore energy services firm Saipem has chartered Edda Accommodation's Edda Fides offshore accommodation vessel. The contract, starting in the second half of 2022 is for the Edda Fides' deployment in the Mauritania/Senegal joint maritime zone where it will support work on the Tortue field development. The contract is firm for a period of... Continue Reading →
(Reuters) - At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell's (RDSa.L) onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in the West African... Continue Reading →
Changes in the organization of the future second largest thermoelectric plant in Brazil. The Administrative Council for Economic Defense (CADE) approved the sale of Prumo Logística's stake in the Gás Natural Açu II (GNA II) plant, which is currently under construction at Porto do Açu, in São João da Barra (RJ). With the transaction, Prumo... Continue Reading →
Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos (Pemex) for his role in a corruption scandal, two judicial sources said on Wednesday. Emilio Lozoya is accused of having requested money from scandal-plagued Brazilian construction conglomerate Odebrecht to partially finance... Continue Reading →
Initiative reinforces the company's commitment to the gas market in Brazil (TN) Repsol Sinopec Brasil signed a sales contract for the Sapinhoá Norte gas with Petrogal Brasil, reinforcing its participation in the natural gas value chain in Brazil. With this contract, which is the first in this modality, the company began marketing this gas as... Continue Reading →
U.S. oil and gas giant ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 wells located in the prolific Stabroek block offshore Guyana. In a statement on Wednesday, ExxonMobil confirmed that the Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838... Continue Reading →
Brazil Energy Insight 