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(Reuters) Eni will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday. Eni has been producing gas in Venezuela for the domestic market since 2022, but it... Continue Reading →
(OE) Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry. The Tidal Action is built on Hanwha Ocean’s proprietary design and is capable of drilling at depths of up to 12 kilometers in waters as deep as 3.6 kilometers. The... Continue Reading →
(OE) Shell, through its subsidiaries, has awarded a contract to Stena Drilling for the Mobile Offshore Drilling Unit (MODU) Stena DrillMAX, which will be put to work offshore Suriname. KE STP Company and BG International Limited Suriname Branch, subsidiaries of Shell, have selected Stena DrillMAX for a drilling campaign, expected to start in the second... Continue Reading →
Ocyan announced Rodrigo Lemos as the company's president, succeeding Luiz Reis. Before assuming the new position, Lemos served as executive vice president of Subsea and Offshore Production. The transition was planned over the last few months to ensure continued growth of the company, with a focus on safety, profitability and customer service. Luiz Reis will... Continue Reading →
Brazil's proven oil reserves (1P) increased by 5.92% last year, while the volume of proven and probable reserves (2P) grew by 4.36%. The total of proven, probable and possible reserves (3P) increased by 4.27%. The data was released by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), which published the Annual Bulletin of... Continue Reading →
(PN) Oil and natural gas production in Brazil's onshore fields is expected to continue growing over the next five years, according to projections released by the National Petroleum Agency (ANP). By 2029, extraction from onshore wells could increase by around 29%, according to data presented in the 2025 Annual Production Programs (PAPs). These documents are... Continue Reading →
(eixos) Petrobras is expected to present the development plan for the ultra-deep water project to produce oil and gas in Sergipe, the Sergipe Deep Waters (Seap), by the end of April, said the state-owned company's executive manager for Gas and Energy, Álvaro Tupiassu, during a meeting of the Oil and Gas Technical Chamber (CTGás) of... Continue Reading →
(Reuters) - Portugal's EDP Renovaveis will offer 90 new wind turbines at auction after pulling out of major Colombia wind energy projects, the website of industrial equipment auctioneer Escrapalia showed on Tuesday. The Vestas V162-5.6 MW turbines will be sold in an online auction, Escrapalia said. EDPR, the world's fourth-largest wind power producer, posted an unexpected net... Continue Reading →
(Reuters) - Colombia's state-run energy company Ecopetrol plans to invest between $500 million and $700 million to build a plant to produce Sustainable Aviation Fuel (SAF) jet fuel, company's president Ricardo Roa said on Wednesday. The new plant, to be built at the Barrancabermeja refinery, will start its development phase between this and next year, Roa... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is moving forward with the acquisition of a floating production, storage, and offloading (FPSO) vessel, which is deployed on its project off the coast of Brazil. Once the firm takes over the ownership of the unit from the FPSO’s current owner and operator, Altera & Ocyan (A&O),... Continue Reading →
Brazil Energy Insight 