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The Brazilian Institute of the Environment (Ibama) granted TGS the environmental license for multi-client 3D seismic research activity in the Pará-Maranhão and Foz do Amazonas Basins, in the Equatorial Margin region. The document will be valid for three years and can be renewed. According to Ibama, TGS will be able to carry out the activity... Continue Reading →
(Reuters) Colombia on Tuesday officially launched its first bidding round for offshore wind energy concessions, part of efforts by its first leftist government to wean it off oil and gas production. Energy minister Andres Camacho announced the conditions from Dubai, where he is attending the COP28 climate conference. Reuters reported exclusively over the weekend that... Continue Reading →
(Reuters) - Governments have decided to pay up to revive offshore wind farm developments after rising costs put at risk multiple projects that are needed to help them cut emissions and reach climate targets. Many countries are relying on a huge and rapid build-out of offshore wind farms which have high upfront costs but over... Continue Reading →
The FPSO Pioneiro de Libra (PDL), an asset of the Altera&Ocyan joint venture, has just completed six years of operation, in the same year that the Brazilian Pre-salt celebrates seventeen years of its discovery. Since the first oil, in 2017, the platform ship, responsible for the Long Term Test (TLD) and the Early Production Systems... Continue Reading →
(OP) In Guyana’s territorial waters, after Exxon’s swathe of world-class petroleum discoveries, gigantic ships called floating production storage and offloading (FPSO) vessels are sucking crude oil from reservoirs up to four miles below the Earth’s surface. Since then, it has been estimated the former British colony of just over 800,000 possesses at least 11 billion barrels of recoverable... Continue Reading →
BrasFELS Shipyard (BrasFELS), a member of the Singapore-headquartered Seatrium Limited, former Sembcorp Marine Ltd before the merger with Keppel Offshore & Marine Limited, has won a contract with Offshore Frontier Solutions Pte. Ltd, a MODEC Group company, to undertake parts of the topside modules fabrication of a floating production, storage, and offloading (FPSO) for an Equinor-operated... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has approved a Clawback Policy, in compliance with the regulation of the Securities and Exchange Commission and the rule issued under the Manual for Companies Listed on the New York Stock Exchange ("NYSE Clawback Rules"), also applicable to Brazilian issuers that have sponsored American Depositary Receipt (ADR)... Continue Reading →
ANP released the Monthly Oil and Natural Gas Production Bulletin for October 2023, which provides consolidated data on national production. Total production (oil + natural gas) was 4.502 million barrels of oil equivalent per day (MMboe/d). Regarding oil, 3.543 million barrels per day (MMbbl/d) were extracted, a reduction of 3.5% compared to the previous month... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Extraordinary General Meeting held yesterday (11/30) deliberated and approved, by majority, the following. EXTRAORDINARY GENERAL MEETING Reform of Petrobras' Bylaws and consequent consolidation of the Bylaws, in order to amend articles 22, 23, 25, 28, 29, 30, 34, 36, 40, 43 and 56 in accordance with the... Continue Reading →
(PN) The Brazilian Environmental Institute (Ibama) issued the operating license for FSO Pargo, which will be operated by Perenco at the Pargo Complex, in the Campos Basin. The license will last for eight years. FSO type ships are only used for storage and transport – and therefore do not have modules on their topside. The... Continue Reading →
Brazil Energy Insight 