Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Siemens Energy (ENR1n.DE) and conglomerate Andrade Gutierrez (AGIS.UL) have won 1 billion euro ($1.1 billion) contract to build a 1.7 gigawatt combined cycle power plant in Brazil, the German group said on Tuesday. The contract has been awarded by Gas Natural Acu (GNA), a joint venture of Siemens Energy, BP (BP.L), Prumo Logistica and China's State... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) has launched talks with investors to secure support for its plan to relocate its headquarters from the Netherlands to Britain, sources said, as a leading advisory recommended backing the move at a December vote. Shell said this month it would scrap its dual Anglo-Dutch share structure and move its head office to London... Continue Reading →
Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs of production platforms, the head of its environmental agency told Reuters. Guyana currently requires financial assurance, a type of insurance, to cover emergency responses to accidents. Financial assurance is also used at times in some... Continue Reading →
(Reuters) - Ecuador hopes to hold at least four auctions in 2022 to award oil blocks and the operation of Esmeraldas, its largest refinery, to private companies as it seeks to pull in billions of dollars in investments, Energy Minister Juan Carlos Bermeo said on Friday. The blocks up for grabs are currently controlled by... Continue Reading →
(Reuters) - U.S. natural gas producers will face billions of dollars in hedging losses for 2022 as the global energy crunch boosts gas prices to multi-year highs, research by consultancy Rystad Energy showed on Friday. Expectations of strong LNG demand for months boosted U.S. futures to a 12-year high in early October, with prices nearly... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in a pioneer well in the Aram block. Well 1-BRSA-1381-SPS (Curaçao) is located 240 km from the city of Santos-SP, at a water depth of 1,905 meters. The oil-bearing interval was verified through wireline logging and... Continue Reading →
French energy major TotalEnergies is preparing to drill a wildcat well in waters offshore Namibia, using a Maersk Drilling-owned drillship. According to the latest AIS data, the Maersk Voyager drillship departed Luanda, Angola on 14 November and is expected to reach Walvis Bay in Namibia later on Friday. Before heading to Namibia, the drillship worked for... Continue Reading →
Suriname has been described as the next big thing in the offshore oil and gas exploration world, as its proximity to Guyana where ExxonMobil has discovered around 10 billion barrels of oil so far has led oil companies, including ExxonMobil, to hope there's similar riches to be found in the Surinamese waters, too. However, while the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), in compliance with provisions of article 12 of CVM Resolution No. 44, communicates to its investors and the market in general that received on this date, notice from Banco BTG Pactual S.A. (“BTG Pactual”) informing about the change of its equity interest in the Company. BTG... Continue Reading →
Subsea 7 has issued an update on its offshore oil and gas/wind projects in its latest results statement. The Subsea and Conventional business unit has been progressing engineering and procurement for the Sangomar, Barossa and Bacalhau oil/gas projects, and has started engineering for TPAO’s deepwater Sakarya gas project offshore Turkey. Offshore Norway, three of the company’s reeling vessels, Seven Vega, Seven Oceans, and Seven Navica, laid... Continue Reading →
