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(Reuters) - Mexican state energy company Pemex's mounting debt with oil service providers as well as private crude and gas producers threatens production, investment and in some cases even the survival of suppliers, industry groups warned. In addition to financial debt of more than $105 billion, the company disclosed that at the end of September... Continue Reading →
Bruce Beaubouef * Managing Editor(OM) The outlook for international E&P for next year “remains healthy,” according to Evercore ISI’s latest Offshore Rig Market Snapshot report. The report borrowed from the firm’s recently released 2024 Evercore ISI E&P spending survey and 2024 Oilfield Services outlook, which found that E&P spending growth in the US for 2024... Continue Reading →
(OM) Blue Water Shipping affiliate Falcon Logistics has signed three 3-year contracts with ExxonMobil Guyana. The company will provide vessel agency and wharfage operations, customs clearance, and inland transportation in Georgetown and Trinidad. Falcon will also draw on Blue Water’s capabilities in handling oil and gas cargo and vessels, and its network of offices globally... Continue Reading →
(OW) OEG Energy Group (OEG) has signed a Sale and Purchase Agreement (SPA) to acquire Dutch subsea and topside services specialist Bluestream Offshore. The acquisition is expected to increase OEG’s subsea and topside capabilities while expanding its operating footprint to be able to pursue further opportunities in the growing offshore renewable industry. Bluestream has a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on October 27, 2023, informs that it has closed the competitive process for the sale of its 18.8% stake in the share capital of UEG Araucária S.A. (UEGA), together with the sale of the stakes of its partners, Companhia Paranaense de Energia - COPEL... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact of 08/03/2023, informs that it will pay today the first installment of the remuneration to shareholders for the second quarter of 2023. The gross amount to be distributed today is R$ 0.574652 per common and preferred share in the form of dividends. CREDIT INSTRUCTIONS... Continue Reading →
Aker Capital AS has acquired 8,240,000 shares in Solstad Offshore ASA, at an average price of NOK 48.45 per share. Following the transaction, Aker Capital holds 27,089,493 shares in the company, corresponding to an ownership interest of approximately 32.9%.Aker Capital AS is 100% owned by Aker ASA and represented on the board of the company by Frank Ove Reite.... Continue Reading →
On December 13, 193 blocks were auctioned in Brazil’s oil and gas licensing round, signaling strong optimism for the industry, according to Wood Mackenzie. Highlights from these bid rounds included: • The total amount in bonuses was US$85 million • 44 blocks were acquired in the Pelotas Basin, a frontier area. Petrobras will operate 29 and Chevron... Continue Reading →
(TN) The ANP held yesterday (13/12) the public auctions of the 4th Cycle of the Permanent Concession Offer (OPC) and the 2nd Cycle of the Permanent Sharing Offer (OPP). In the 4th Cycle of the OPC, 192 exploratory blocks were awarded, in all nine basins that had areas on offer, a record number in the... Continue Reading →
(OW) The three consortia that Japan’s Ministry of Economy, Trade, and Industry (METI) selected in the country’s second round of offshore wind auctions will use some of the biggest and most powerful wind turbines on/coming to the market – Vestas V236-15 MW and GE’s 18 MW Haliade-X. RWE, which secured a site together with partners... Continue Reading →
Brazil Energy Insight 