Brought to you by Quest Offshore & Southern Cone Consultants
The government of Guyana has granted an extension to the term of the Tullow Oil-operated Orinduik offshore block that will see the block partners maintain control of the block until 2023. According to Eco Atlantic, Tullow Oil's partner in the offshore block, the joint venture partners in respect of the Orinduik Block offshore Guyana have... Continue Reading →
The ANP board approved the disclosure of onshore seismic data to anyone who is interested. More than 2 terabytes of seismic data will be available free of charge as of May this year, the data will be made available through physical deliveries to interested parties, on media with data storage capacity equivalent to the order.... Continue Reading →
Colombia will launch this month the schedule for its 2021 licensing round offering 32 blocks for oil and gas exploration and production, with results expected in November, the head of the nation's oil regulator told Reuters on Thursday. Last year, Colombia awarded three areas to Canada-based companies Parex Resources and Canacol Energy despite a collapse... Continue Reading →
(Bloomberg) U.K. regulators kicked off the final countdown for Libor, ordering banks to be ready for the end date of a much maligned benchmark that’s been at the heart of the international financial system for decades. The U.K. Financial Conduct Authority confirmed Friday that the final readings for most rates will take place at end of... Continue Reading →
A fifth board member at Brazil's Petrobras will step down, the company said as of Wednesday, and the state-run oil producer's shares tumbled more than 3% as management turmoil showed no signs of abating. A day earlier, four other board members stepped down at Petroleo Brasileiro SA, as the company is formally known. Their messages,... Continue Reading →
Companhia Docas do Rio de Janeiro signed a transition contract with Petrobras, in order to guarantee the maintenance of the company's operations in the Port of Rio de Janeiro, which is one of the main bases of the country's offshore support for the exploration of the Santos Basin pre-salt fields. Considered very important for the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/04/2020, informs that it signed today with Fundo de Investimento em Participações Multiestratégia Pirineus (FIP Pirineus), a contract for the sale of its entire 51% interest in the capital of Eólica Mangue Seco 2 - Geradora e Comercializadora de Energia Elétrica S.A. (Eólica... Continue Reading →
A new company in Colombia has proposed the South American republic’s first offshore wind farm.The Colombian Martime General Directorate (DIMAR) issued Resolution 9 of 2021 in January. This authorizes Vientos Alisios to conduct pre-feasibility studies from the Port of Cartagena.The proposed 200 MW wind farm, 15 km from the coast, is expected to use 35... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 04/03/2018, informs that it signed today with SPE Miranga S.A., a wholly owned subsidiary of PetroRecôncavo S.A., a contract for the sale of its total stake in nine onshore exploration and production fields, called Miranga Cluster, located in the state of Bahia. The... Continue Reading →
(Reuters) - Brazilian fuel distributors are scrambling to secure diesel supplies for March and April after state-run oil company Petrobras said it would not fully meet their demand, adding to uncertainty amid a sudden management shakeup. National oil industry regulator ANP confirmed to Reuters that distributors are searching for alternative diesel supplies after Petrobras turned... Continue Reading →
