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Total production for October was 4.180 million barrels of oil equivalent per day (boe/d), of which 3.245 million barrels of oil per day (bbl/d) and 148.747 million cubic meters of natural gas per day (m3/d ). In oil, there was an increase of 3.1% compared to the previous month and 16.8% compared to October 2021.... Continue Reading →
(Reuters) - Spanish energy company Repsol has received approval to withdraw from two oil-and-gas exploration areas in the Gulf of Mexico, the Mexican oil regulator said on Thursday, weeks after the company vacated three other spots. Repsol won the two blocks in a tender process in 2018, after an energy reform allowed companies other than... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/25/2021, 03/10/2022, 05/13/2022 and 08/30/2022, informs that it has today finalized the sale of the shares of Refinaria de Manaus S.A. (Manaus Refinery), which was formed to hold Refinaria Isaac Sabbá (REMAN) and its corresponding logistics assets, located in Manaus, Amazonas, to the... Continue Reading →
(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced a successful installation of the industry’s first single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil – a significant achievement in downhole electric completion technology. The Halliburton Fuzion® EH electro-hydraulic downhole wet-mate connector helps increase well recovery factors by maintaining integrity of Halliburton’s SmartWell® completion systems throughout the well’s lifecycle.... Continue Reading →
Mainstream Renewable Power ("Mainstream"), a renewable energy company majority-owned by Aker Horizons, and offshore wind developer Maple Power are jointly exploring the upcoming Celtic Sea Floating Offshore Wind Tender in the UK, which will be launched in 2023. Maple Power Ltd is a 50:50 joint venture between Enbridge Inc. and Canada Pension Plan Investment Board... Continue Reading →
Reuters) - A broad measure of Brazilian consumer and business credit default ratios rose in October to its highest level in almost four years, central bank data showed on Monday, amid high borrowing costs and aggressive monetary tightening. The default ratio in non-earmarked loans increased to 4.2% from 4.1% in September, the highest since August... Continue Reading →
(OE) Renewable energy firm Ocean Winds has partnered up with the Irish company Bord na Móna to jointly identify, co-own, and develop offshore wind energy opportunities around the coast of Ireland. The joint venture initially incorporates two potential projects, Réalt na Mara, off the coast of Dublin and Wicklow, and Celtic Horizon, off the coast... Continue Reading →
(Reuters) Britain's competition watchdog said on Tuesday that U.S.-listed oilfield services firm Baker Hughes Co's acquisition of Altus Intervention could reduce competition among UK oil and gas operators. The Competition and Markets Authority (CMA) said it was concerned that the loss of rivalry between the merging companies could lead to higher prices, reduced choice, and lower quality services... Continue Reading →
(PN) The Ministry of Mines and Energy gave the seal of “priority” to the project to implement the new FPSO in Enauta's Atlanta field, located in the Santos Basin. As a reminder, the new platform will be used in the field's definitive production system. The FPSO OSX-2 (renamed FPSO Atlanta), which will be used in... Continue Reading →
The National Petroleum Agency (ANP) announced a new record for the oil and gas sector in Brazil. The country produced 4.18 million barrels of oil equivalent per day on average (boe/d) during the month of October, the highest volume recorded in the Brazilian oil industry. The number represents a growth of 2% in comparison with... Continue Reading →
