Moody’s upgrades Suriname’s credit rating amid offshore oil boom expectations

(oilnow.gy) Moody’s Ratings has upgraded Suriname’s long-term local and foreign-currency issuer ratings from Caa3 to Caa1. The outlook is now positive, reflecting the anticipated economic benefits from a significant offshore oil project. This change is driven by TotalEnergies’ recent decision to proceed with the GranMorgu oil project in Block 58, which holds 750 million barrels of recoverable reserves. The... Continue Reading →

0

Petrobras reports on UFN-III project

Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has decided to continue implementing the Nitrogen Fertilizer Unit (UFN-III), located in Três Lagoas (MS). The decision is based on a careful re-evaluation of the project which, considering the premises of the Strategic Plan 2024-2028 (SP 2024-2028), had its economic attractiveness confirmed for this... Continue Reading →

0

Argentina’s Shale Boom Goes Global

(oilprice) Argentina’s shale province has been touted for years as the next Permian that would make the South American country a net exporter of energy after decades of import dependence.   The Vaca Muerta shale basin is estimated to be the world’s second-largest shale gas deposit and the fourth-biggest resource of shale oil. However, Argentina’s... Continue Reading →

0

FPSO Almirante Tamandaré arrives in Brazil

The Almirante Tamandaré platform ship has arrived in Brazil. The unit will be installed in the Búzios Field, in the pre-salt layer of the Santos Basin, off the coast of Rio de Janeiro. An FPSO (floating production, storage and offloading unit) platform, Almirante Tamandaré is the first high-capacity unit to be installed in the field,... Continue Reading →

0

Petrobras launches bidding round to hire consultants for offshore wind projects

(Portos e Navios)The bidding round provides for a two-year contract, renewable for the same period, to support the preparation of conceptual projects and provide consultancy services for the company to participate in future processes for acquiring areas for offshore energy generation. On Tuesday (10/22), Petrobras launched tender to hire consultancy services for the preparation of... Continue Reading →

0

Blog at WordPress.com.

Up ↑