Brought to you by Quest Offshore & Southern Cone Consultants
(Oilprice.com) A second Trump presidency could place a huge part of renewable energy investments at risk, increase carbon emissions by 1 billion tonnes more by 2050 and delay peak fossil fuel demand by 10 years beyond current forecasts, energy analytics firm Wood Mackenzie has predicted. WoodMac projects ~$7.7T in overall spending by the U.S. energy sector... Continue Reading →
(Reuters) - Rating agency Moody's on Wednesday downgraded Colombian majority state-owned energy company Ecopetrol into junk territory, citing increased indebtedness, a boost in dividends and an ambitious investment plan over the next three years. Moody's cut Ecopetrol's long-term issuer rating and senior unsecured ratings to Ba1, considered "junk," from Baa3. Ecopetrol has been taking on... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, in continuity to the Material Facts disclosed on May 14 and 15, 2024, informs that the People Committee of its Board of Directors, functioning as the Eligibility Committee (CELEG), concluded, on this date, the analysis of Mrs. Magda Chambriard for the positions of Member of the Board of Directors and... Continue Reading →
(Reuters) Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday. BP this year conducted negotiations with Venezuela and Trinidad to develop the 1 trillion... Continue Reading →
(OE) Dominion Energy has announced that the first monopile foundation for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW), the largest offshore wind farm under construction in the United States, has been installed approximately 29 miles off the Virginia Beach coast. The monopile was installed by the Orion, DEME Group's heavy lift vessel. Once complete in... Continue Reading →
( Offshore-Energy.biz)Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shared its fleet utilization rate for April 2024 alongside insights into the vessel activity during the first quarter of the year. The firm recorded a 56% fleet utilization in April 2024, somewhat lower than the level reported for January, but higher than the utilization rate... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, in continuity to the Material Fact disclosed on May 20, 2024, informs that the Administrative Council for Economic Defense (CADE) decided in favor of renegotiating the Term of Cessation Commitment (TCC) for Gas, signed on July 8, 2019 ("TCC Gas"), which was also approved today by the Company's Board of... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, in continuity to the Material Fact disclosed on May 20, 2024, informs that the Administrative Council for Economic Defense (CADE) decided in favor of renegotiating the Terms of Cessation Commitment (TCC) for Refinery, signed on May 29, 2019, which was also approved today by the Company's Board of Directors. On... Continue Reading →
(Reuters) The incoming chief executive of Petrobras will execute its investment plan with no "surprise" for investors, Brazil Mines and Energy Minister Alexandre Silveira said on Tuesday, in his first comments since the state-run oil firm announced a CEO swap. The minister downplayed concerns of a government intervention at Petrobras, which dismissed former CEO Jean... Continue Reading →
Guyana has turned into a significant contributor to global crude oil supply growth in just a few short years. This is according to data published by the U.S. Energy Information Administration this week that showed Guyana had the third-fastest production growth rate globally, after the United States and Brazil. Between 2019, when oil production began in the... Continue Reading →
Brazil Energy Insight 