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(epbr) The ANP's Special Bidding Commission approved the registration of 3R Petroleum in the 17th bidding round, scheduled to take place on October 7th. The Round will offer exploratory blocks for oil and gas in the Campos, Santos, Potiguar and Pelotas basins. -- 3R's entry into the auction may indicate a broadening of focus on... Continue Reading →
(Bloomberg) --Mexico’s new Finance Minister Rogelio Ramirez de la O said he will continue support for state oil giant Pemex, but it’s too late to change the country’s oil laws. “The government is in full position to keep supporting Pemex,” Ramirez de la O said at a Moody’s event Thursday. But the government will also... Continue Reading →
Oslo-listed oil and gas company BW Energy's recently announced offshore oil discovery in Dussafu Block in Gabon is smaller than expected. The company in August said it had discovered oil in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block, offshore Gabon, but the size estimate would have to wait until the drilling has... Continue Reading →
Oil major Shell has reported that one of its Gulf of Mexico platforms has been damaged in Hurricane Ida and 80 per cent of the company’s operated production in the Gulf is still offline. Shell conducted an initial flyover of its assets in the path of Hurricane Ida. During this initial flight, Shell observed damage... Continue Reading →
Offshore rig owner Noble Corporation has declared force majeure on the Noble Globetrotter II ultra-deepwater drillship following damages sustained as a result of Hurricane Ida. A number of crew members were injured during the storm. As previously reported, the vessel encountered severe weather during Hurricane Ida and Noble is working on plans to bring the drillship... Continue Reading →
(Reuters) - Oil major Chevron (CVX.N) plans to invest $600 million in two soybean crushing facilities owned by U.S. agricultural commodities trader Bunge Ltd (BG.N), securing future feedstock for renewable fuels, the two companies said on Thursday. The investment will result in a 50/50 joint venture, under the memorandum of understanding the two companies said they reached. U.S.... Continue Reading →
Offshore vessel owner Bourbon has secured a contract with Shell to provide international freight forwarding, integrated logistics services, and platform supply vessel services to support two deepwater offshore exploration campaigns in Namibia and Sao Tomé. The project scope covers the international shipment and clearance of Shell's and its subcontractors’ equipment from Houston to Walvis Bay,... Continue Reading →
(TNPetroleo) Wintershall Dea do Brasil Exploration and Production Ltda. is the eighth company registered for the 17th Bidding Round for the exploration and production of oil and natural gas, scheduled for October. 92 blocks with exploratory risk will be offered, with a total area of 53,93 thousand km², located in 11 sectors with high potential... Continue Reading →
(PetroleoHoje) The oil company advanced with the field's farm-out process, selecting non-binding proposals from Karoon and Harbour, which continue in negotiation as preferred bidders. Atlanta's bids were received early in early August. Karoon and Harbor non-firm offerings have individual 30% stakes. From now on, the two groups will start due diligence. The delivery of binding... Continue Reading →
(PetroNoticias) The future owner of the Landulpho Alves Refinery (RLAM) will be called Acelen. The new company was created by the Mubadala Capital fund, which signed a refinery acquisition contract with Petrobras in March, and is expected to take over the asset when the purchase process is completed, which is subject to some precedent conditions,... Continue Reading →
Brazil Energy Insight 