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(OET) TGS has completed a 410-day deepwater node survey campaign offshore Guyana ahead of schedule, setting a record for the longest deepwater node survey. On December 1, the final node recovery marked the culmination of three exclusive ocean bottom node (OBN) surveys commissioned by ExxonMobil Guyana. TGS acquired 2,400 square kilometers of OBN data within... Continue Reading →
(OE) Italian oil giant Eni has started the introduction of gas into the Tango floating liquefied natural gas (FLNG) unit moored in Congolese waters. Gas introduction has been achieved in record time - only twelve months after the final investment decision, according to Eni. Following completion of the commissioning phase, Tango FLNG will produce its... Continue Reading →
(OET) U.S. energy company New Fortress Energy (NFE) has signed a definitive agreement to acquire a 1.6 GW capacity reserve contract (PortoCem PPA) from Ceiba Energy that will be transferred to new power assets connected to NFE’s existing LNG terminals in Brazil, enabling NFE to become “leading LNG-to-power company” in the country. According to NFE, the... Continue Reading →
Advanced Technology Industrial Group, a company controlled by Alpha Private Equity, has reached an agreement for the sale of 100% of Remazel Engineering to Italian shipbuilding giant Fincantieri. The anticipated completion of the transaction, expected in the first quarter of 2024, will result in Remazel becoming part of Fincantieri. The integration will combine Remazel's engineering... Continue Reading →
(Z) Petrobras, Brazil's national oil company, encountered a significant roadblock in the ongoing sale of onshore Carmópolis to Carmo Energy. The sale of Petrobras' onshore assets was likely driven by strategic business decisions. This divestiture aligns with the company’s broader strategy, which may involve focusing on core activities, reducing debt or generating funds for new... Continue Reading →
Facility includes an option to convert to a sustainability-linked loan Seatrium Limited (Seatrium, or the Group) is pleased to announce that its wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) has successfully refinanced an existing loan facility due in February 2024 with a S$400 million committed loan facility from DBS Bank Limited (“DBS”). The three-year... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors has approved the company's operations in São Tomé and Príncipe, a country on the west coast of Africa, enabling the acquisition of stakes in 3 exploratory blocks, through a competitive process conducted by Shell. The transaction is part of the scope of the Memorandum... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts of 03/01/2023, 04/27/2023 and 12/22/2023, informs that it will pay today the third installment of the remaining remuneration to shareholders for 2022. The gross amount to be distributed today is R$ 0,56252157 per common and preferred share in the form of dividends. CREDIT INSTRUCTIONS... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors has approved a new Social Responsibility Policy, in line with best practices, after an extensive listening process with the participation of the company's various stakeholders. The main changes include: Total attention to people, respect, promotion and due diligence in human rights, effective management of... Continue Reading →
(OE) The first hybrid Platform Supply Vessel (PSV), which uses batteries and diesel for propulsion, has started operating for Equinor in Brazil. With the battery bank installed, the PSV is able to operate with hybrid propulsion, switching between the use of electricity and diesel. This is expected to reduce emissions by up to 40% during... Continue Reading →
Brazil Energy Insight 