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The National Petroleum Agency (ANP) approved today the reduction of the royalty rate levied on fields operated by small or medium-sized companies. In all, the agency granted a reduction in the charge for 36 fields, located in the states of Rio Grande do Norte (31), Espírito Santo (3), Bahia (1) and Sergipe (1). Small companies... Continue Reading →
(OE) French oil major TotalEnergies has completed the sale of the Cap Lopez Terminal and non-operated offshore field in Gabon to Perenco. "After receiving the approval of Gabonese authorities, TotalEnergies announces the closing of its agreement to divest to Perenco Oil and Gas Gabon the Cap Lopez Terminal and non-operated assets of its 58%-owned affiliate TotalEnergies EP Gabon," TotalEnergies said Thursday. With the transaction valued at $350 million before final adjustment, TotalEnergies EP Gabon... Continue Reading →
(Reuters) - Gazprom Neft (SIBN.MM), the oil arm of Russian gas giant Gazprom (GAZP.MM), expects its hydrocarbon production to exceed 100 million tonnes of oil equivalent this year, reaching a record high, it said on Thursday. Gazprom Neft had aimed to reach the 100 million tonnes target by 2020 but had to delay that due to production... Continue Reading →
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units for operations in Trinidad and Tobago. In an update on Thursday, Prosafe revealed that the firm charter period for its Safe Concordia unit in Trinidad and Tobago has been extended and takes the firm operational period through to end-January 2022. The total... Continue Reading →
Petrobras has awarded Akastor’s affiliate AKOFS Offshore with a three-year contract for its subsea equipment support vessel (SESV) Skandi Santos to perform a scope of subsea services in Brazil. Under the $107 million contract, AKOFS Offshore will be performing the operations with its partners Bravante for marine services and IKM Subsea for ROV services. Work... Continue Reading →
After being very much on the margins of the offshore wind industry, floating offshore wind now appears to be ready to hit the mainstream. With gigawatt scale developments already on the horizon, what will the infrastructure needed to build and support them look like? (OE) Over the past 12 months, the floating offshore wind sector... Continue Reading →
Maersk Drilling expects to deliver the semisubmersible Maersk Developer for operations on Karoon Energy’s projects offshore Brazil between April 15 and May 15, 2022. However, the program remains subject to the receipt of regulatory approvals. Karoon plans to use the rig for its Baúna intervention campaign and Patola field development, which should boost the company’s production by 15,000-20,000 b/d... Continue Reading →
(Reuters) - Global commodity trader Trafigura Group hit a record net profit for a second year running in its 2021 financial year after a strong performance across divisions and significant energy market dislocations. The Geneva-based firm posted a net profit of $3.1 billion for its financial year ending Sept. 30, almost double the previous year.... Continue Reading →
ExxonMobil’s search for more hydrocarbons offshore Guyana continues with a new campaign targeting the Lau Lau-1 well site located at the prolific Stabroek Block where it has found more than 10 billion barrels of oil equivalent since 2015. The Noble Sam Croft will be engaged in drilling activities at this new prospect which is situated... Continue Reading →
(Valor) In a strategic repositioning process, with an eye on the energy transition, Equinor decided to halve the number of countries where it operates in the oil and gas sector. In Brazil, on the contrary, the idea is to continue to grow. After announcing, this year, investments of US$ 8 billion - together with ExxonMobil... Continue Reading →
Brazil Energy Insight 