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Petróleo Brasileiro S.A. – Petrobras, announces that as of 05/01/23, according to the contracts agreed upon by the Company with the distributors, the updated natural gas sales prices will have an average reduction of 8.1% in R$/m³, in relation to the February-March-April quarter, considering the variation in the price of the molecule and its transportation... Continue Reading →
(Reuters) - Mubadala Capital backed-Acelen will invest 12 billion reais ($2.44 billion) over 10 years to make "green" diesel and jet fuel in Brazil, starting in 2026, in a move that will place the company among global leaders in this segment, executives told Reuters. The new biorefinery, which the energy company plans to begin building... Continue Reading →
Danish offshore wind installation contractor Cadeler has signed a contract with Siemens Gamesa to transport and install 26 Siemens Gamesa 11MW wind turbines at the Aflandshage wind farm developed by HOFOR, Greater Copenhagen utility company. The contract has a day rate above 375,000 euros (currently around $412,185). When completed, the offshore wind farm will have... Continue Reading →
Bourbon Marine & Logistics has partnered with the Guyanese company Tethys Marine & Logistics, which becomes a 51% shareholder of the Bourbon Guyana Joint Venture. "With 75% Guyanese Directors, Bourbon Guyana thus becomes the first indigenous Offshore Support Vessels operator, fully compliant with the most recent local content regulations," Bourbon Marine & Logistics said. "With a... Continue Reading →
(OE) Ampelmann, a Dutch-based firm providing offshore access solutions, will soon be deploying a second gangway to support the construction of the Hywind Tampen floating wind farm in Norway. The first gangway, an E1000 system, was fitted to OSCV Siem Barracuda in early December. Ampelmann said Monday that the second Ampelmann gangway would begin its operations on... Continue Reading →
(Reuters) The Group of Seven rich nations on Sunday set big new collective targets for solar power and offshore wind capacity, agreeing to speed up renewable energy development and move toward a quicker phase-out of fossil fuels. But they stopped short of endorsing a 2030 deadline for phasing out coal that Canada and other members... Continue Reading →
The Board of the ANP approved geological and economic studies on the indication of the Jaspe block, located within the Pre-Salt Polygon, in the Campos Basin, for inclusion in future bidding rounds for areas for exploration and production of oil and natural gas. The block is a result of areas nominated by the industry. The... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), following best practices in corporate governance, informs its investors and the market in general the preliminary unaudited production data for March 2023. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) In March, approximately 55% of the gas produced... Continue Reading →
(Reuters) - Mexico's government will bolster state-owned oil firm Pemex's capacity to pay down debt this year by deferring about $2 billion in taxes the company owes the state, Mexican Deputy Finance Minister Gabriel Yorio said on Thursday. Pemex, which had financial debt totaling nearly $108 billion at the close of last year, pays a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/31/2023 and 03/14/2023, informs that it obtained, yesterday, on 04/12/2023, authorization from the Agência Nacional do Petróleo, Gás Natural e Biocombustíveis (ANP) to resume production from the facilities of the Fazenda Bálsamo field, continuing the clearance works at the Bahia Terra Cluster (Cluster).... Continue Reading →
Brazil Energy Insight 