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Norwegian offshore vessel owner Solstad Offshore has secured long-term contracts for two of its platform supply vessels (PSVs) with Equinor for operations in Brazil. Solstad Offshore revealed on Monday that Equinor in Brazil has awarded the PSVs Sea Brasil and Far Scotsman new long-term contracts. Both vessels are contracted for two years with the beginning set for December 2021... Continue Reading →
(WO) Petroleos Mexicanos is replacing its finance chief as President Andres Manuel Lopez Obrador tightens his grip on the struggling state oil giant. In Pemex’s first C-suite shift under the current administration, the Mexican producer named risk management chief Antonio Lopez Velarde its chief financial officer, replacing Alberto Velazquez Garcia, who will run a new... Continue Reading →
3R PETROLEUM ÓLEO E GÁS (“Company”) (B3: RRRP3), pursuant to the provisions of Articles 74 and 157, Paragraph 4 of Law 6.404/76 and the provisions of Brazilian Securities and Exchange Commission (“CVM”) Resolution No. 44, dated of August 23, 2021 and in complement of the material fact published by the Company on August 27, 2021,... Continue Reading →
French oil major TotalEnergies said Friday it had started production from the CLOV Phase 2 in Angola, a project connected to the existing CLOV FPSO. Sitting approximately 140 kilometers from the Angolan coast, in water depths from 1,100 to 1,400 meters, the CLOV Phase 2 resources are estimated at around 55 million barrels of oil... Continue Reading →
The national production of oil and natural gas in October totaled 3,606 MMboe/d (million barrels of oil equivalent per day), with 2,777 MMbbl/d (million barrels daily) of oil and 132 MMm3/d (million cubic meters) of natural gas. There was a 7.4% reduction in oil production compared to the previous month and 3.3% compared to October... Continue Reading →
(Reuters) - Argentine state energy firm YPF (YPFD.BA) is close to signing a loan deal with a multilateral lender which could cover part of its $400 million debt obligations next year, its chief financial officer said on Thursday, which will free up funds for investment. Alejandro Lew said the loan would inject funds to balance out repayments... Continue Reading →
GranIHC, Ocyan and Sisnergy will sign contracts with Petrobras for maintenance and integrity services of 19 platforms in the Campos Basin. The deal is the result of the oil company's mega-bid, divided into four lots, the total value of which is R$ 1.97 billion. The signing of contracts should take place this week. GranIHC will... Continue Reading →
(PetroleoHoje) Petrobras has postponed the deadline for delivering the mega-bidding proposals for contracting the SURF system (underwater collection) for the 8th module in the Buzios field. The extension is the second granted by the oil company. Initially scheduled to take place on December 8th, the delivery of proposals is scheduled for December 22nd. The tender... Continue Reading →
(PetroleoHoje) ExxonMobil intends to start in December the drilling of its first exploratory well in Sergipe, at the SEAL-M-428 block, which will also extend to the neighboring area of SEAL-M-351. The oil company, which already has the rig ready to carry out the work, is just waiting for the release of the environmental license to... Continue Reading →
U.S. oil major Chevron Corporation has revealed its 2022 organic capital and exploratory spending programme of $15 billion, at the low end of its $15 to $17 billion guidance range and up more than 20 per cent from 2021 expected levels. The company also expects to increase its share buyback programme. As explained by Chevron on Monday, this capital programme... Continue Reading →
Brazil Energy Insight 