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Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 08/03/2020 and 09/29/2020, informs that on September 30, 2020, the Public Session was held in person to open the commercial bids of the bidders interested in the leasing of the Bahia LNG Regasification Terminal (TR-BA) and associated facilities, and the following companies attended:... Continue Reading →
The construction has started in Norway of what will be the world's largest floating wind farm - the Hywind Tampen. Norway's Prime Minister Erna Solberg and Kværner apprentice Arne Linga officially kickstarted the construction work by starting the cutting robot on the project's first sheet of steel on Thursday, 1 October. Kværner is responsible for... Continue Reading →
Noble Energy Inc shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand. The purchase would boost Chevron's U.S. shale oil holdings and add nearly 1 billion cubic feet of natural gas reserves close to... Continue Reading →
Oilfield services company TechnipFMC said it has won a large contract to supply subsea equipment for ExxonMobil's Payara development offshore Guyana, following the oil major's FID on the project on Wednesday. Under the contract, TechnipFMC will manufacture and deliver the subsea production system, including 41 enhanced vertical deep water trees and associated tooling, six flexible risers... Continue Reading →
(Reuters) - Exxon Mobil Corp XOM.N expects to post a quarterly loss from its production business for the third consecutive time this year, the largest U.S. oil major said in a filing on Thursday, as it continues to suffer from a crash in commodity prices due to the coronavirus pandemic. Exxon reported its first back-to-back quarterly loss... Continue Reading →
With ExxonMobil sanctioning its third offshore development in Guyana following the government approval, SBM Offshore has confirmed it has won a contract to deliver an FPSO for the project. Under the contract, SBM Offshore will construct, install, and then lease and operate the Prosperity FPSO at the Payara project off Guyana for a period of up to... Continue Reading →
ExxonMobil’s Payara development, for which approval seems imminent, will see a commitment of US$3.6B this year from the oil major, says Norwegian business intelligence firm, Rystad Energy. Meanwhile, a model from the Inter-American Development Bank (IDB), in its recent report titled ‘Traversing a Slippery Slope: Guyana’s Oil Opportunity’, pegs the cost of the Payara field... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/11/2019, informs that it has concluded today the sale of its entire stake in the onshore fields of the Lagoa Parda Cluster, located in the state of Espírito Santo, near the city of Linhares, to Imetame Energia Lagoa Parda Ltda., affiliate of Imetame... Continue Reading →
PetroRio received endorsement from the ANP to act as a natural gas trader, with the exception of LNG and CNG in bulk, and seller of the energy source, according to the agency's authorization and dispatch. PetroRio owns 10% of the Manati gas field, in Bahia, operated by Petrobras. Portion corresponds to a reserve of 3... Continue Reading →
The new development plans (DP’s) for 14 shallow water fields, recently approved by the ANP, indicate that the areas, previously in process of decline, will receive an injection of investments that exceed R $ 10 billion. This amount refers only to activities considered firm (mandatory) in the plans submitted to the ANP. This value can... Continue Reading →
Brazil Energy Insight 