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(Reuters) - Top oilfield services company SLB (SLB.N), opens new tab said on Tuesday it will buy smaller rival ChampionX (CHX.O), opens new tab in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while... Continue Reading →
(OE) Enauta has proposed the merger with 3R Petroleum which would create one of the largest and the most diversified independent oil and gas companies in Latin America. The merger proposal has been approved by Enauta’s board of directors, and according to the company, the combination results in a balanced, five-year high organic growth portfolio... Continue Reading →
(OE) Between January 2023 and February 2024, TDI-Brooks conducted an extensive site investigation program in two offshore wind blocks in state and federal waters. The projects involved surveying in excess of 20,000 line-kms of analogue and either single or multi-channel seismic in lease blocks and cable routes along the coasts of New York and New... Continue Reading →
(Petrobras) The scientific community launched more than 428 drifters (equipment that measures the behavior of sea currents) on the Equatorial Margin, 84 of which are in the Foz do Amazonas basin. All confirm the studies and modeling carried out by Petrobras and approved by IBAMA in the environmental licensing of block FZA-M59. Studies have shown... Continue Reading →
(Reuters) - Energy companies from Argentina and Brazil have begun talks on reversing the southerly flow of a Bolivian natural gas pipeline network that connects the three countries as a regional gas deficit could force Brazil to pay up for alternative supplies of the fuel. A preliminary proposal on the pipeline shift has failed to... Continue Reading →
(oilnow) MODEC and SBM Offshore are competing for an engineering, procurement and construction (EPC) award from TotalEnergies for Suriname’s first floating production, storage and offloading (FPSO) vessel, Upstream said in a March 25 report. The publication said the companies have stepped up efforts to secure yard space, after both conducting front-end engineering and design studies... Continue Reading →
(OE) MODEC has secured the Front-End Engineering and Design (FEED) contract for a floating production storage and offloading (FPSO) system for Shell’s Gato do Mato development, offshore Brazil. Gato do Mato FPSO will be moored at a water depth of approximately 2,000 meters, some 250 kilometers off the coast of Brazil. MODEC will be responsible... Continue Reading →
(epbr) The Porto do Pecém has started studies to identify what investments will be needed in the infrastructure of the port complex to attract investments for offshore wind and green hydrogen projects for Ceará, said the Secretary of State for International Relations, Roseane Medeiros . “Because, obviously, these investments [in renewable projects] are private investments.... Continue Reading →
(epbr) In the opinion of Corio Generation's global CEO, Jonathan Cole, Brazil can learn from the challenges faced by offshore wind farms around the world, which have suffered from cancellations and delays of some projects and the failure of auctions, in countries such as the United States and the United Kingdom. The company hopes to... Continue Reading →
(Zacks)The year 2024 comes as a period of strong growth and significant opportunities in the ever-changing landscape of the oil and gas industry. WTI crude prices have risen above the $80 mark owing to a combination of factors contributing to a tighter global supply. Geopolitical tensions in the Middle East and an escalating conflict between... Continue Reading →
Brazil Energy Insight 