Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Brazilian antitrust regulator CADE on Tuesday approved the sale of Petrobras' (PETR4.SA) REMAN refinery to Ream, which is part of the Atem group, but decided the buyer will have to take measures to guarantee that other fuel distributors have access to the plant's waterway terminal. The approval with restrictions came in a 6-1 CADE board... Continue Reading →
(Reuters) - Progress to relaunch oil major Chevron Corp's (CVX.N) operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday. The U.S. Treasury Department in May renewed a license that allows Chevron to operate in Venezuela under very restrictive terms. The company had requested... Continue Reading →
Aker Solutions, Schlumberger and Subsea 7 have entered into agreements to form a joint venture, with the goal of delivering a step change in subsea production economics. The proposed joint venture will comprise the subsea businesses of Schlumberger and Aker Solutions, with Subsea 7 purchasing 10% of the joint venture. The business is expected to... Continue Reading →
(PN) Even with the Permanent Offer assuming the role of the main modality of bidding for oil and gas areas in the country, the government seems not to have given up on holding at least one more traditional round with pre-salt areas. This week, the board of the National Petroleum Agency (ANP) approved the geological... Continue Reading →
(Reuters) - Trafigura has been prevented from bringing fuel to Mexico months after the lifting of import restrictions on the global commodities trader, federal court documents showed, underscoring the roadblocks that foreign energy companies continue to face. The Geneva-based company in April convinced a federal court judge in Mexico City to lift the suspensions, according... Continue Reading →
(PN) The board of the National Petroleum Agency (ANP) approved the inclusion of 218 blocks from the Equatorial Margin in the Permanent Offer system, under the concession regime. The added blocks are located in the Foz do Amazonas, Pará-Maranhão, Barreirinhas, Ceará and Potiguar basins, in deep and ultra-deep water marine environments. According to the ANP,... Continue Reading →
Norway’s government agency responsible for the regulation of petroleum resources believes that the country’s gas can enable Europe to achieve its energy transition goals. To make this happen, investments in unlocking new oil and gas resources and improving the recovery from existing ones are important to limit the production decline and maintain the country’s role... Continue Reading →
(PN) Amid rumors indicating that PRIO (PetroRio) was acquiring Dommo, the two companies provided clarification on the possible operation to the Securities and Exchange Commission. In short, the companies confirmed that they are evaluating a strategic operation, with the possible purchase and sale of assets. However, there is still no binding document or decision on... Continue Reading →
(Valor) The president of Shell Brasil, Cristiano Pinto da Costa, said today that the company is taking “great strides” to enter the renewable energy market. According to the executive, the company filed requests for environmental licensing for 17 gigawatts (GW) in offshore wind farms at the Brazilian Institute for the Environment and Renewable Natural Resources... Continue Reading →
(Reuters) - Mexico's hydrocarbon regulator has fined state oil company Petroleos Mexicanos (Pemex) for development violations at one of its most important fields that has led to excessive flaring of natural gas, and is preparing another fine for a similar field, according to three sources briefed on the matter. Pressure is mounting on Pemex to... Continue Reading →
