Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years. On Friday, the U.S. oil producer closed its $55-billion acquisition of Hess - among the largest ever oil and gas deals - and gained the... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, today, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted the Preliminary License (“LP”) of the Wahoo Field Production Development System and interconnection of the wells to the Frade FPSO.... Continue Reading →
by Ron Bousso - Reuters LONDON, July 18 - The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of... Continue Reading →
(Reuters) - The U.S. government sided with Argentina's effort to put on temporary hold a court order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a filing late Thursday night, the government told the 2nd U.S. Circuit Court... Continue Reading →
(Reuters) - Top oilfield services firm SLB narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped offset drilling slowdown in North America, Mexico and Saudi Arabia. SLB, the first of the Big Three U.S. oilfield services provider to report quarterly results, had previously flagged weaker drilling activity... Continue Reading →
(Reuters) - Chevron can quickly proceed with its $53 billion acquisition of Hess (HES.N), opens new tab, after winning a landmark legal battle against larger rival Exxon Mobil, gaining access to the largest oil discovery in decades. Chevron CEO Mike Wirth's strategy to turn around his company's lagging performance hinges on the acquisition, one of the largest energy deals in the past decade.... Continue Reading →
(Reuters) - Shares of Brazilian fuel distributor Vibra Energia fell on Thursday after Bloomberg News reported that state-run oil firm Petrobras was eyeing a return to fuel retailing and its board would discuss the topic this week. Vibra's shares slipped 2.5%, making the company the worst performer on benchmark stock index Bovespa, which was trading near flat.... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday. Although oil and gas exports make up a hefty share of Brazil's exports to the United... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Maritime has secured work for its Normand Pioneer construction support vessel (CSV) for the end-client Petrobras. The vessel will be on a bareboat contract from Solstad Maritime to Solstad Offshore (SOFF), which is the contract holder with Petrobras. Normand Pioneer CSV will be mobilized with a heave compensated E-type... Continue Reading →
(Zack's) Brazil’s state-run oil giant Petróleo Brasileiro S.A. - Petrobras PBR is ramping up its offshore operations with a significant call for bids. The company has launched an open tender for 11 walk-to-work (W2W) vessels, aimed at enhancing accessibility and efficiency in offshore platforms. These tenders, split into three separate calls, reflect the company’s growing offshore ambitions... Continue Reading →
Brazil Energy Insight 