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United States Ambassador to Argentina Edward Prado welcomed PESA to his residence in Buenos Aires to kick off the creation of the PESA Latin America Regional District, Argentina Chapter on Tuesday, September 24. After a welcome and overview of the oil and gas industry dynamics in Argentina by Ambassador Prado, PESA President Leslie Beyer introduced... Continue Reading →
McDermott International is seeking a bridge loan to help it cover a working-capital deficit of about $1.7 billion until it can sell an asset such as its Lummus Technology unit, according to a person with knowledge of the matter. The Houston-based company, which provides construction services to oil and gas firms, is working with advisers... Continue Reading →
Sept 24, 2019 The maritime support fleet in Brazilian waters ended the month of August with 364 vessels, of which 326 were Brazilian-flagged and 38 were foreign-flagged. The number remained stable compared to July, when the number of foreign boats was the same as in August and the number of domestic support vessels was 366... Continue Reading →
Sept 24, 2019 Despite the potential for natural gas production, Brazil has been re-injecting more fuel into the wells than it imports from Bolivia since 2018. Without limitation to practice, one third of the extracted fuel is returned to the wells to expand oil production or due to lack of infrastructure for delivery to the... Continue Reading →
Sponsorship Opportunities Sponsorships are the fastest growing form of marketing. This is particularly true in the niche conference arena, due to its qualitative nature. GOBS offers many unique opportunities to broaden your competitive advantage with this in mind. Companies are often looking for ways to improve how they're perceived by their target audience. Sponsoring events that appeal to... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced the discovery of the new Guaco oil field in the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. GeoPark... Continue Reading →
Championed by Big Oil as the fastest way to reduce emissions and reviled by environmentalists who say the world needs to ditch all fossil fuels -- the debate over natural gas may be one of the controversial aspects of climate change. The arguments will get an airing as politicians, activists and business leaders gather for... Continue Reading →
Halliburton announced an asset acquisition of a new portfolio of electro-mechanical downhole cutting tools and tubing punches from Westerton (UK) Ltd. These services provide operators with a safe and reliable alternative to traditional pipe recovery and intervention across the well lifecycle from exploration to abandonment. The electro-mechanical downhole cutting portfolio includes single and rotating blade... Continue Reading →
Ocean Power Technologies has signed two new contracts with Enel Green Power Chile (EGP), a subsidiary of Enel Chile, part of the Enel Group, for the sale of a PB3 PowerBuoy and the development and supply of an integrated Open Sea Lab. The combined value of the contracts exceeds US$1.9 million, and represents OPT’s first... Continue Reading →
September 23, 2019 Total Eren, the renewable energy arm of the French oil giant Total, expects to reach 1 GW of installed capacity in Brazil in up to ten years, compared to about 140 MW today, said Total E&P's president Philippe Blanchard. "We have the ambition to reach 1 GW here in Brazil in five... Continue Reading →
Brazil Energy Insight 