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(Reuters) French oil major TotalEnergies will sign a final investment decision (FID) on Tuesday for a more than $10 billion offshore oil and gas development in Suriname, the country's first, said four sources with knowledge of the project. Located in Block 58 about 140 km off the coast of the South American country, the Gran Morgu... Continue Reading →
(Reuters) Trinidad and Tobago selected oil and gas producer Shell as the preferred bidder for a shallow water block, beating out bids from BP and EOG Resources, three people close to the process said. Trinidad and Tobago has in recent years struggled to feed its liquefied natural gas and petrochemical plants as its natural gas... Continue Reading →
September 27, 2024 - PRIO S.A. hereby informs its shareholders and the market in general that it has signed today a Sale and Purchase Agreement with SPEP Energy Hong Kong Limited and Sinochem International Oil (Hong Kong) Company Limited (“Sinochem”) for the acquisition of Sinochem Petroleum Netherlands Coöperatief U.A., which indirectly holds a 40% interest in... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA”) pursuant to CVM Resolution No. 44, hereby, and following the material fact issued on March 21st, 2024 hereby informs its investors and the market in general that after fulfillment of all the precedent conditions, and authorization from the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”), the closing of the... Continue Reading →
(Reuters) - The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa. Petrobras has been publicly showing interest in expanding its oil fields in Africa as it seeks to... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has signed today with Staatsolie Maatschappij Suriname N.V. a non-binding memorandum of understanding (“MoU”) aimed at assessing cooperation opportunities in the areas of hydrocarbon exploration and production, carbon capture, new energy sources, contingency response planning, among others. Cooperation with Staatsolie could also result in better sustainable oil... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that today it signed a memorandum of understanding (MoU) with YPF of Argentina to analyze the joint development of business in the E&P segment. The agreement is non-binding and will be in force for three years. The document also provides for technological cooperation between the companies in the Exploration... Continue Reading →
(Reuters) - Brazilian oil company Prio is in talks with China's oil and chemicals firm Sinochem (SASADA.UL) for the potential purchase of a stake in the Peregrino oil field, it said in a securities filing on Wednesday. No binding agreement has been reached so far, Prio added, after newspaper Folha de S.Paulo reported earlier in the... Continue Reading →
(OE) Offshore drilling contractor Constellation has secured two new contracts with Petrobras, worth $1 billion, for the deployment of two ultra-deepwater drillships - Laguna Star, part of Constellation’s fleet, and Tidal Action, a newbuild rig, owned by Hanwha Drilling – at the Roncador field in the Campos Basin. The contracts are set to enhance local... Continue Reading →
(OE) Maersk Supply Service has awarded Scottish flex-lay specialist Maritime Developments (MDL) a solution-development scope in the Mero block in the Santos Basin, offshore Brazil. The scope entails the development of an integrated spread of equipment and expert personnel to support installation of a dynamic riser assembly, which will enable connection to a grid of... Continue Reading →
Brazil Energy Insight 