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If the industry has been capturing CO2 for decades, why all the innovation now? (OE) CO2 capture technology has been used for around a century in natural gas processing plants to separate out the commercially valuable methane. In the 1970s, that CO2 found purpose in advanced oil recovery. Now, carbon capture and storage (CCS) is... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it put into production the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero's third production system, with the capacity to produce up to 180 thousand barrels of oil a day and compress up to 12 million cubic meters of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases published on 06/06/2023 and 06/23/2023, informs that today it signed a contract with Unigel Participações S.A. (Unigel) for industrialization on order (tolling) for the production of fertilizers at the Sergipe and Bahia plants. The agreement is the result of the partnership between Petrobras and Unigel... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that together with Equinor Energy do Brasil Ltda. (Equinor) signed the contracts for the Campos Basin Integrated Natural Gas Flow System (SIE-BC) and access to the Cabiúnas Gas Treatment Unit (UTGCAB). With the signing of these contracts, Equinor will be able to transport natural gas from the Roncador field,... Continue Reading →
(Reuters) - Mexico's government on Friday ordered state energy company Pemex to temporarily take control of a hydrogen plant inside one of its largest refineries but operated by French company Air Liquide (AIRP.PA). President Andres Manuel Lopez Obrador, who signed a decree that declared hydrogen supply from the plant "a matter of public interest," has tightened... Continue Reading →
(OET) The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online. Electrification of subsea production systems (SPS) offers the solution to these long-standing issues and constraints while also enabling decarbonization and... Continue Reading →
(Reuters) Venezuelan President Nicolas Maduro on Thursday said the deployment of a British warship to waters off the coast of Guyana breaches the "spirit" of an agreement reached between Venezuelan and Guyanese authorities. Guyana and Venezuela agreed earlier this month to avoid the use of force and avoid increasing tensions in the long border dispute... Continue Reading →
(OET) As the world puts more gumption into its energy transition journey, subsea interconnectors open new opportunities for sharing the access and use of renewable energy, such as offshore wind power, between countries while upping the decarbonization ante and strengthening the security of electricity supply. The role of subsea cables in energy security and transition... Continue Reading →
(Reuters) - Engie Brasil (EGIE3.SA) said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for 3.1 billion reais ($641 million). CDPQ, Canada's No.2 pension fund manager with C$424 billion ($320.60 billion) under management, will raise... Continue Reading →
(OGJ) State-owned Petroecuador reached a new production peak last week of 404,290 b/d, or 413,241 boe/d when natural gas is included. The company ascribed the results to improvements in efficiency. One of the factors supporting the increase is production from Sacha field, Block 60, in Orellana province, which reached 77,802 b/d. In 2024, Petroecuador plans... Continue Reading →
Brazil Energy Insight 