Brought to you by Quest Offshore & Southern Cone Consultants
The Almirante Tamandaré platform ship has arrived in Brazil. The unit will be installed in the Búzios Field, in the pre-salt layer of the Santos Basin, off the coast of Rio de Janeiro. An FPSO (floating production, storage and offloading unit) platform, Almirante Tamandaré is the first high-capacity unit to be installed in the field,... Continue Reading →
(Reuters) - Miner BHP Group said on Friday it has reached a R$170 billion ($29.93 billion) final settlement with Public Authorities in Brazil for reparation of Samarco's Fundão dam failure. A federal judge in Brazil had ruled in February that BHP and Vale and their joint venture, Samarco, must pay up to 47.6 billion reais in... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI), opens new tab will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expectations. It reported an adjusted net profit of 1.27 billion euros, topping the 1.08 billion expected by analysts in a poll compiled by the company... Continue Reading →
SBM Offshore announces it has completed the divestment of a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (Hong Kong) Holding Co., Limited (CMFL). This follows the announcement on February 10, 2022, of an agreement whereby CMFL would acquire its... Continue Reading →
(oilprice.com) Lower oil prices and production volumes failed to offset rising natural gas prices and output at Equinor, which reported on Thursday lower-than-expected adjusted operating income, its key earnings metric, for the third quarter. The Norwegian energy giant booked an adjusted operating income of $6.89 billion for Q3, down by 13% compared to the same period of... Continue Reading →
As of November, executive Olivier Bahabanian will become the new president of the company in the country, in addition to also assuming the position of general director of the company for the Exploration and Production business. He will replace Charles Fernandes, who has held these two positions since 2021. Olivier has almost 20 years of... Continue Reading →
(Reuters) - Saipem is about to start work on deep water drilling in Namibia for Portugal's Galp Energia , the chief executive of the Italian energy contractor said on Thursday. In early 2024 Galp carried out tests at its Mopane-1X and Mopane-2X wells and estimated in April that the Mopane field could hold at least 10 billion barrels of... Continue Reading →
By Alex Kimani (oilprice.com) Over the past two decades, the shale revolution largely pushed aside interest in the exploration and development of offshore hydrocarbons. The combination of hydraulic fracturing and horizontal drilling enabled the United States to significantly increase its production of oil and natural gas from tight oil formations, with the Shale Patch accounting for 36% of... Continue Reading →
BRAVA ENERGIA (“BRAVA”) (B3: BRAV3) (“Company”), pursuant the provisions of CVM Resolution No. 44, hereby informs its investors and the market in general about updates on Papa-Terra and Atlanta fields: I. Papa-Terra On October 18, 2024, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) authorized, by means of an Official Letter, the Company's... Continue Reading →
(Reuters) French oil major TotalEnergies (TTEF.PA), opens new tab has agreed to sell a network of about 240 retail fuelling stations plus ethanol and oil products storage facilities in Brazil to a subsidiary of Grupo Argenta, the company said on Friday. The amount of the transaction was not announced. TotalEnergies will keep its lubricants blending and distribution... Continue Reading →
Brazil Energy Insight 