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(Reuters) Venezuela's PDVSA has allocated an oil cargo to a unit of Eni for a February loading, the first to the Italian firm following a contract suspension this year by new management at the state-run company, people familiar with the matter said. Eni and Spanish oil firm Repsol in May last year received authorizations from... Continue Reading →
(Reuters) ONGC Videsh (OVL) Ltd, the overseas exploration arm of India's Oil and Natural Gas Corp, is looking for exploration and production investment opportunities in Africa and Latin America, such as in Ghana and Surinam, managing director Rajarshi Gupta said. The company already has a presence in both continents through stakes in projects in Mozambique,... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of January. Key: (1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, with expected resumption in 1Q23.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, in reference to the release of May 25, 2022, informs that following up on the approval process of the sale transaction of Refinaria Lubrificantes e Derivados do Nordeste - LUBNOR, on today's date, the Court of the Administrative Council for Economic Defense - CADE approved an order from Councilors Vitor... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/22/2022, informs the beginning of the non-binding phase regarding the sale of its 18.8% stake in the capital stock of UEG Araucária S.A. (UEGA), together with its partners, Companhia Paranaense de Energia - COPEL and COPEL Geração e Transmissão S.A., which hold, respectively,... Continue Reading →
French energy giant TotalEnergies and its partner APA Corporation have completed the drilling and a flow test at an appraisal well in Block 58 offshore Suriname, encountering oil and adding additional resource potential towards establishing a black oil development hub. TotalEnergies’ partner, APA Corporation, announced the drilling and flow test results from the Sapakara South-2 (SPS-2) appraisal... Continue Reading →
In 2022, we delivered an excellent operational performance, meeting all production targets for the year, with the following marks recorded: In 2022, we achieved an annual record in operated production, with an average of 3.64 MMboed. This result was mainly due to the start-up of FPSO Guanabara (Mero field) and P-71 (Itapu field), as well... Continue Reading →
Hordaland district court resolved last week to start bankruptcy proceedings in debt-laden Norwegian offshore vessel owner DOF, which will see the company’s share capital lost and no value left to its shareholders. The move follows DOF creditors’ request after its board of directors failed to secure the majority of shareholders to support the latest restructuring plan which... Continue Reading →
(Reuters) - EverWind Fuels, a company founded by private equity veteran Trent Vichie, told Reuters it became the first green hydrogen producer in North America to secure the necessary permits for a commercial-scale facility on Tuesday. Provincial authorities in Canada granted environmental approval for EverWind to begin converting a former oil storage facility and marine... Continue Reading →
(Reuters) - Dominion Energy Inc's (D.N) offshore Virginia wind farm is "on track and on budget," and recently entered a critical phase of the environmental review process for the project, executives of the electric utility told investors on Wednesday. A roughly month-long public comment period on the environmental impact study of the 2.6 gigawatt project, which is... Continue Reading →
Brazil Energy Insight 