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Petrobras - In 3Q21, we continued to operate safely and with a solid performance, still with a differentiated regime and special protocols due to the pandemic scenario, but with a gradual increase in the number of people on board. The average production of oil, LGN and natural gas reached 2.83 MMboed, 1.2% above 2Q21, mainly... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) board is debating whether to continue with several major oil and gas projects amid a global push from investors for fossil fuel companies to be more cost-conscious and green-energy friendly, WSJ reported on Wednesday. Activist investor Engine No. 1 in May shocked the oil-and-gas industry when three of its four nominees... Continue Reading →
(Reuters) - Peru's state-owned Petroperu hopes to once again extract oil in the Andean nation by the end of the year to supply crude to its Talara refinery, the government said on Wednesday. The move, under new socialist President Pedro Castillo, signals a return to oil production for Petroperu after more than two decades focused... Continue Reading →
(WO/Bloomberg) --Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy. Work will begin on constructing a major gas-fired power plant in 2022 on the expectation that a 220-kilometer (135-mile) pipeline will be... Continue Reading →
Oil and gas company BW Energy has started production from the Tortue Phase 2 field development on the Dussafu Marin license located offshore Gabon. BW Energy kicked off its 2021 Gabon drilling campaign with the spudding of the Hibiscus Extension well (DHIBM-2), on the Dussafu Marin permit, in April 2021, using the Borr Norve jack-up drilling rig. It... Continue Reading →
Three marine seismic data acquisition and processing companies TGS, CGG, and BGP have signed a multi-client agreement with Suriname's national oil firm Staatsolie. Under the agreement, the consortium will be able to acquire, promote and license multi-client seismic programs, including new 3D acquisition and legacy data reprocessing, in the shallow water acreage offshore Suriname. Suriname’s shallow... Continue Reading →
(PetroleoHoje) TechnipFMC may be close to winning yet another SURF (underwater collection system) contract with Petrobras. The group presented the best proposal in the Brazilian oil company's bid for the 7th module in Buzios, in the Santos cluster, with a value of R$ 5.7 billion. TechnipFMC's offer was ahead of proposals by Saipem, with a... Continue Reading →
(Valor) TotalEnergies (formerly Total) promises to intensify investments in renewables, but, at the same time, it is looking closely at the Brazilian oil and gas market. The French oil company, which changed its name to symbolize its migration towards the energy transition, sees Brazil as a strategic player in the search for projects with increasingly... Continue Reading →
Global wind power leader Iberdrola will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday. Iberdrola said in a statement it would foot the bill for the East Anglia Hub site, whose soaring... Continue Reading →
Kincardine floating offshore wind farm, located 15 km off the coast of Aberdeenshire, is now fully operational, Principle Power, a company that designed the 50MW wind farm's semi-submersible foundations, said Tuesday. The project, the world's largest of the type, consists of five Vestas V164-9.5 MW and one V80-2 MW turbine, each installed on WindFloat semi-submersible platforms... Continue Reading →
Brazil Energy Insight 