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Aug 6 (Reuters) - A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters. BP's Chief Executive Murray Auchincloss said on Tuesday that the firm would look to bring in... Continue Reading →
Aug 5 (oilprice.com) Malaysia’s Petronas is looking for buyers for its 50% stake in the Tartaruga Verde field in Brazil, eyeing proceeds of up to $1 billion, Bloomberg has reported, citing unnamed sources. The Malaysian major bought the stake in 2019 from Petrobras, which owns the other 50% of the field, which is located in the... Continue Reading →
(oilprice.com) Argentina’s energy company YPF is nearing a deal for the acquisition of shale assets in the country owned by French supermajor TotalEnergies, Bloomberg has reported, citing unnamed sources in the know. TotalEnergies has stakes in two fields that are part of the Vaca Muerta shale play but an underdeveloped part. YPF has been very... Continue Reading →
Aug 6 (Reuters) Germany's Economy Minister Katharina Reiche warned on Wednesday that flawed site selection and shifting market dynamics were undermining offshore wind tenders, as the country's latest offshore auctions received no bids. Two August tenders for offshore wind energy plants, with volumes of 2,000 MW and 500 MW, and planned commissioning dates in 2031 and 2030, drew no bids for the first... Continue Reading →
(PN) Petrobras has begun drilling an adjacent well in the Sudoeste de Tartaruga Verde Block, in the Campos Basin pre-salt layer. The operation is being conducted by the Brava Star drillship, owned by Constellation, in a water depth of 733.5 meters. The adjacent well aims to test for oil or natural gas in an area... Continue Reading →
(offshore-energy.biz) Florida-headquartered marine environmental consulting firm CSA Ocean Sciences (CSA) and its Suriname subsidiary, CSA Suriname, have secured several projects for oil & gas operators in Suriname. Under the multi-year contracts for operators described as “major”, CSA will manage multiple environmental and social impact assessment (ESIA) programs offshore Suriname, mobilizing vessels of opportunity to perform field... Continue Reading →
(offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has won contracts with Singapore’s Seatrium to secure compliance with Brazilian standards for six floating production storage and offloading (FPSO) units set to work with Brazil’s state-owned energy giant Petrobras. The Norwegian player disclosed that it will assist Seatrium with Brazilian Regulatory Compliance (BRC) services for six... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or the “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, today, Yinson Production Offshore Pte. Ltd. (“Yinson”) has fully and early settled the receivables linked to the Company’s financing for the FPSO Atlanta adaptation project (“Transaction”). The Transaction contemplates the... Continue Reading →
Aug 5 (Reuters) - Mexico's government on Tuesday said it aimed to cease funding Pemex by 2027 when the highly-indebted state energy company should become financially self-sufficient, helped by a series of measures to bring down debt and stabilize production. Mexican President Claudia Sheinbaum, flanked by her energy and finance ministers and the chief executive... Continue Reading →
Aug 5 (Reuters) - BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region. Discoveries nearly two decades ago in the region, defined by vast deepwater fields under... Continue Reading →
Brazil Energy Insight 