Brought to you by Quest Offshore & Southern Cone Consultants
(Offshore-energy.biz) While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire,... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras has selected a consortium led by PetroRio SA for bilateral talks over the sale of its Albacora and Albacora Leste offshore oil fields, both companies said on Friday. The value of PetroRio's bids was not immediately clear, but Petrobras said in September that "the offers may exceed $4 billion... Continue Reading →
Petróleo Brasileiro S.A.- Petrobras, in continuity to the notice to the market disclosed on April 8, 2024, informs that the Board of Directors approved, with 10 (ten) votes in favor, today, the Company’s adherence to the PGFN-RFB Transaction Public Notice 6/2024 (tax disputes of significant and widespread legal controversy), which covers debts whose tax collections... Continue Reading →
(PN) Oil major bp inaugurated a new moment in its operations in the Brazilian offshore. This week, the company began drilling the pioneer well (1-BP-12D-RJS) in the Pau Brasil block, located in the pre-salt of the Santos Basin. The well is in a water depth of 2,283 meters and is being drilled by the DS-15... Continue Reading →
(Reuters) Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex. In March, Reuters reported that Pemex officials and the billionaire tycoon's team were discussing ways to revive development of the Lakach field in... Continue Reading →
(Offshore-energy.biz) As looming political uncertainty prepares the world for the incoming tsunami of elections, optimism still runs strong in the energy industry, especially within the oil and gas sector. While rising costs and supply chain disruptions are putting at risk the viability of many projects and dampening the short-term optimism for electrification and renewables, a new... Continue Reading →
(OE) France-based tubular solutions supplier Vallourec has secured a five-year contract with energy giant Equinor for the supply of tubes and connections, accessories, and services for oil and gas fields in Brazil. Vallourec low-carbon OCTG solutions will contribute to the development of the Bacalhau and Raia fields operated in the pre-salt, as well as the... Continue Reading →
(Reuters) - Peru officials are looking at ways to help cash-strapped state oil firm Petroperu avoid bankruptcy or liquidation, Economy Minister Jose Arista told Congress on Friday, including cost cutting, asset sales and possible private management. The company described its financial condition last month as "extremely grave." "Petroperu is currently facing a difficult financial situation that... Continue Reading →
(PN) Foresea has 100% of its fleet contracted and had operational uptime (operation quality index) of 98.2% in 2023, the highest in the Brazilian market. According to the CEO of Foresea, Rogério Ibrahim, the drilling sector should remain at a very competitive level in 2024, with increased demands and a stabilization of the tariff recovery experienced... Continue Reading →
(OE) Brazilian oil and gas company Enauta has decided to stop production from the Petrojarl I floating production storage and offloading (FPSO) to perform modifications related to selected equipment maintenance after inspections at the process plant at the Atlanta field, offshore Brazil. According to Enauta, Atlanta field production is expected to be resumed in the... Continue Reading →
Brazil Energy Insight 