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(Reuters) - Denmark will halt all ongoing offshore wind tenders as the existing framework where no subsidies are offered does not work under current market conditions, its energy minister said on Friday. The global offshore wind industry has been hit by surging costs, rising interest rates and supply chain bottlenecks. Denmark said in December that its latest... Continue Reading →
(offshore-energy.biz) Allseas has completed its offshore pipelay commitments for a 700-kilometer-long natural gas pipeline in Mexico ahead of schedule, for its client TC Energy. The Southeast Gateway 36-inch natural gas pipeline runs south along the coast from Tuxpan through the Gulf of Mexico to Coatzacoalcos and Dos Bocas. Allseas delivered the pipeline in 11 months, which... Continue Reading →
Seacrest Petroleo, an independent oil & gas production company with an integrated portfolio of onshore producing oil fields and export infrastructure onshore in Brazil’s Espírito Santo, has filed an arbitration request against Brazil’s state-owned oil & gas giant Petrobras over alleged subsea pipeline repair failures. Namely, a court in Rio de Janeiro announced on December 27,... Continue Reading →
Petrobras has signed an agreement with PRIO that allows the operator to access the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and the Cabiúnas Gas Treatment Unit (UTGCAB). With the signing of the contracts, PRIO will be able to use the gas pipeline network to flow and process natural gas from the Frade fields,... Continue Reading →
(OE) Saipem SA and Saipem do Brasil have become fully operational with state-owned companies in the Brazilian market following the annulment of the prohibitory sanctions issued by the Federal Court of Brasilia. On December 20, 2024, the Federal District Court of Brasilia, ruling on the petition of Saipem SA and Saipem do Brasil, established that... Continue Reading →
Petrobras, following up on communication of October 3, 2024, through its wholly-owned subsidiary Petrobras International Braspetro B.V. - Colombia Branch (PIB-COL), and Ecopetrol confirm the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well. The drilling of Sirius-2 began on June 19, 2024. The well is located within the... Continue Reading →
(Reuters) - Argentina's government has green lit a key $500 million private sector gas pipeline expansion project, the energy secretariat said on Monday, a key signal of state support to boost transport capacity as it ramps up domestic energy production. The project, proposed by major private local operator Transportadora de Gas del Sur (TGS), would... Continue Reading →
Norwegian energy giant Equinor has tucked a new steel pipe production milestone under its belt for its upcoming natural gas project off the coast of Brazil. Equinor marked the occasion by hosting a celebration at Confab, Tenaris’ welded mill in Brazil’s Pindamonhangaba to commemorate the completion of steel pipe production for the Raia project. With over 99%... Continue Reading →
(offshore-energt.biz) Argentina’s oil and gas firm YPF has joined a floating liquefied natural gas (FLNG) project being co-developed by Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG and Latin American integrated energy company Pan American Energy (PAE) in Argentinean waters. The $3 billion project will see the FLNG Hilli, set to... Continue Reading →
(Reuters) - Argentina's massive Vaca Muerta shale formation produced a record 400,000 barrels per day (bpd) of oil in the third quarter, consultancy Rystad said on Friday. The figure is a 35% year-on-year surge in production thanks to improved productivity and evacuation capacity, putting the formation on track to hit its target of 1 million... Continue Reading →
Brazil Energy Insight 