Brought to you by Quest Offshore & Southern Cone Consultants
Guyana will from now on publicly release all contracts it signs with oil and gas companies, ”as part of its commitment to accountability and transparency in the oil and gas industry.” Still a non-oil producing country, Guyana was recently placed on the world oil map by a string of large offshore oil discoveries made by... Continue Reading →
Royal Dutch Shell (RDSa.L) has spent over $400 million on a range of acquisitions in recent weeks, from solar power to electric car charging points, cranking up its drive to expand beyond its oil and gas business and reduce its carbon footprint. Read more
Mexico will next week hold the opening of bids for awarding its deepwater oil and gas exploration acreage as part of the of the Fourth Tender of Round 2. The event, scheduled for Wednesday, January 31, 2018, involves the tender of 29 offshore contractual areas, tendered as license contracts. The areas are located within the oil provinces... Continue Reading →
Brazilian national oil company Petrobras is set to join the the Oil and Gas Climate Initiative (OGCI), an initiative launched in 2015 by ten large oil firms to tackle climate change challenges. Petobras’ inclusion is subject to the approval of the OGCI Climate Investments Members’ Agreement by the Petrobras Board of Directors. The OGCI’s current... Continue Reading →
Singapore’s industrial conglomerate Keppel saw its full-year profit sharply cut due to the cost of the bribery settlement reached by its rig building subsidiary late in 2017. To remind, the offshore rig building firm Keppel Offshore & Marine (KOM) in December 2017 said it would pay fines totaling $422 million (USD) to three jurisdictions to... Continue Reading →
Brazil’s Workers Party and labor leaders insisted on Thursday that left-wing hero Luiz Inacio Lula da Silva would be their candidate in this year’s presidential race, despite his failure to overturn a corruption conviction that will likely bar him. Read more
A merger transaction between McDermott and CB&I, estimated to be worth about $6 billion, has cleared an antitrust hurdle in the U.S. with early termination of Hart-Scott-Rodino (HSR) waiting period. McDermott and CB&I on Thursday informed that the U.S. Federal Trade Commission (FTC) has granted early termination of the waiting period under the HSR Antitrust Improvements... Continue Reading →
January 25, 2018 The National Oil and Gas Agency (ANP) will launch the pre-tender and draft contract for the 4th pre-salt auction on June 7th. The agency will hold the public hearing on February 22 to discuss the pre-edict and the drafts and receive contributions until February 18. The 4th pre-salt auction will offer... Continue Reading →
Even in the dynamic world of business, some things always hold true: the Big Mac outsells the Whopper, Google gets more searches than Bing, and Exxon Mobil Corp. is the world’s biggest public oil company. Or perhaps not. Read more
Rising oil prices are helping shrink a backlog of delayed drilling projects that reached a peak of 111 in January 2017. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures that received final financial approval after a delay grew to 18 last year,... Continue Reading →
Brazil Energy Insight 