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Along the western edge of Argentina’s Patagonia, on an arid steppe nestled against the Andes mountains, lies a shale formation known as Vaca Muerta. And ever since engineers confirmed what an American geologist suspected a century ago -- that the Vaca Muerta, or dead cow, contains massive amounts of oil and gas -- the rush... Continue Reading →
June 25, 2019 New Gas Market: Entry of operators aims to stimulate the economy and cause prices to fall The National Energy Policy Council (CNPE) has approved a resolution with a series of measures to open up the natural gas market in the country. Today and tomorrow the “New Gas Market” resolution, a federal government... Continue Reading →
Enpro Subsea and DASS Can-K Pumps have announced a memorandum of understanding (MoU) to deliver multiphase pumping solutions for topside and subsea well boosting. The announcement sees Can-K’s patented Electro Submersible Twin-Screw Multiphase (ESTSP) pump technology being combined with Enpro’s subsea systems expertise and patented Flow Access Modules (FAM) technology to create a retrievable subsea... Continue Reading →
Norwegian seismic companies TGS-NOPEC and Spectrum are expected to complete their previously proposed merger in the third quarter of 2019. TGS-NOPEC on Friday afternoon said that both sets of shareholders had approved the proposed merger on the same day at extraordinary general meetings held at 5 p.m. “All resolutions proposed were approved by the shareholders... Continue Reading →
Pemex will avoid investing in deepwater offshore projects, instead focusing on areas where it has experience, including the shallow waters of the Gulf of Mexico and onshore fields, Reuters quoted a senior executive as saying. The Mexican state energy company has been struggling to reverse a production decline that has been going on for more... Continue Reading →
Rio de Janeiro, June 21, 2019 - Petróleo Brasileiro S.A. - Petrobras, following up on the release of May 17, 2019, hereby informs that its subsidiaries paid today the amount of approximately US$ 700 million related to the decision of the United States District Court for the Southern District of Texas that denied Petrobras’ motion... Continue Reading →
The Commission for the Limits of the Continental Shelf (CLCS) has published a recommendation on the United Nations website (UN), legitimizing Brazil to incorporate 170,000 km2 of Continental Shelf area, in addition to the Exclusive Economic Zone. This means the expansion of territorial sea beyond 200 miles. An unprecedented achievement that did not affect the... Continue Reading →
June 19, 2019 Access to the transportation system is a precondition for the development of a competitive natural gas market in the country. The evaluation is by the Superintendent of Infrastructure and Movement of ANP, Hélio Bisaggio, who participated in this Wednesday, 19, of public hearing in the Commission of Regional Development and Tourism (CDR)... Continue Reading →
June 21, 2019 The ANP has accepted a request from Enauta and will grant 282 days for the first exploratory period of the FZA-M-90 block in the Foz do Amazonas Basin and 340 days for the PAMA-M-265 and PAMA-M-337 blocks in the Pará-Maranhão. The oil company claimed more time to develop the asset, due to... Continue Reading →
June 21, 2019 Rosneft's plans to monetize its natural gas reserves in the Solimões Basin, plans include the drilling of new wells, the construction of a pipeline system and a treatment plant. The production of the fields of the Russian company will be transported to Manaus by the expansion of the capacity of the Urucu-Coari-Manaus... Continue Reading →
Brazil Energy Insight 