Brought to you by Quest Offshore & Southern Cone Consultants
U.S. energy major ExxonMobil has finalized its corporate plans, which increase spending to $15 billion on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its portfolio. Exxon has also increased its annual dividend payment for the 39th consecutive year. As explained by ExxonMobil on Wednesday, the plans support... Continue Reading →
TotalEnergies has spudded the Venus-1X offshore exploration well in Namibia's Block 2913B (PEL 56). The well, seen as potentially transformational for the Namibian oil industry, is being drilled in 3,000 meters water depth. The news of the drilling operation start-up was shared Wednesday by Impact Oil and Gas, which owns a 20% interest in Block... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/24/2021, informs that today it has completed the sale of the Landulpho Alves Refinery (RLAM) and its associated logistical assets, located in the state of Bahia, for MC Brazil Downstream Participações, a company of the Mubadala Capital group. After the fulfillment of all... Continue Reading →
Offshore accommodation rig provider Floatel International believes that the demand for accommodation rigs is starting to recover but, due to market oversupply, it still remains below levels in late 2019 before the Covid-19 pandemic, resulting in prices continuing to be under pressure. As a result, Floatel expects the overall utilisation of the accommodation fleet to... Continue Reading →
The FPSO Guanabara left Dubai Dry Docks shipyard destined to the Mero field, in the Santos Basin, where it will operate for the consortium formed by Petrobras, Shell, Total, CNOOC and CNPC. The Modec unit has already started mobilization procedures and will be brought in by tugboats. The estimate is that the trip will take... Continue Reading →
The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed. The survey conducted as part of a report by recruitment firm Brunel and Oilandgasjobsearch.com showed that 43% of workers want to leave... Continue Reading →
(Reuters) - Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, swung to a third-quarter profit on higher prices and demand, and forecast a modest recovery in demand. The company reported third-quarter profit of 16.3 billion ringgit, compared with a loss of 3.4 billion ringgit in the year-ago quarter. Revenue rose 50% to 61.8 billion... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/02/2021, informs that it signed today contracts with the company SBM Offshore for the chartering and provision of services of the FPSO Alexandre de Gusmão, the fourth definitive system to be installed in the Mero field, located in the pre-salt of the Santos... Continue Reading →
TotalEnergies EP Brasil will have a new General Director as of December. The Brazilian subsidiary will be headed by Charles Fernandes, who occupied the same position in the Netherlands. Philippe Blanchard, General Director in Brazil since 2018, will assume the direction of TotalEnergies Suriname. Charles is Brazilian and started his career at the French company... Continue Reading →
(Kaieteur News) Should the Stabroek Block partners receive the requisite government approvals for its fourth project called Yellowtail in a timely fashion, start-up is poised to commence as early as 2025. But following this, Guyana should expect to see one floating, production, storage, and offloading (FPSO) vessel being added to its offshore armada every year.... Continue Reading →
Brazil Energy Insight 