Category: Regulatory

OceanPact and CBO complete business combination, with a contract backlog exceeding R$ 14 billion

Sept.17 (PN) OceanPact and CBO confirmed this week the completion of their business combination, following final approval from the Administrative Council for Economic Defense (Cade) and the fulfillment of other conditions precedent. With the integration, CBO becomes part of OceanPact, while the Shipping unit is renamed OceanPact CBO. Upon completion of the transaction, the combined... Continue Reading →

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Shale Oil Now Makes Up 72% of Argentina’s Crude Output, Data Shows

Sept. 16 (oilprice.com) Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at... Continue Reading →

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Petrobras signs 8 production sharing contracts in Côte d’Ivoire

Sept. 17 - Petrobras informs that its wholly-owned subsidiary Petrobras Netherlands B.V. (PNBV) has signed, with the Republic of Côte d’Ivoire and PETROCI Holding, Production Sharing Contracts (PSCs) for eight offshore exploration blocks located in the Republic of Côte d’Ivoire.  The PSCs cover the offshore blocks CI-513, CI-600, CI-601, CI-602, CI-603, CI-605, CI-701 and CI-702. Petrobras, through PNBV,... Continue Reading →

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ExxonMobil working through Longtail EIA with Guyana’s EPA

Sept. 10 (oilnow.gy) ExxonMobil is working with the Guyana environmental regulator to advance the Longtail development, with the project expected to introduce non-associated gas and condensate production to the country’s offshore portfolio around 2030. Country President Alistair Routledge disclosed the progress during the Energy Perspectives podcast episode released on September 7. He said the company... Continue Reading →

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Scotland Finances Plans to Produce Floating Offshore Wind Foundations at Port of Ardersier

Sept. 10 (offshoreWIND.biz) Scotland's Highlands and Islands Enterprise (HIE) has approved more than GBP 778,000 in Scottish Government funding for plans to produce floating offshore wind foundations at Port of Ardersier. The funding will support an 18-month front-end engineering design (FEED) study led by the France based company BW Ideol, a subsidiary of BW Ideol... Continue Reading →

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