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A final investment decision for the long-stalled Sea Lion development offshore the Falkland Islands could be reached in 2024, Rockhopper, a partner in the project, said Friday, after Navitas Petroleum, the project operator, presented it with an updated development plan. Navitas Petroleum last year agreed to farm into the Sea Lion oil field development project... Continue Reading →
(PN) Exploration of new oil wells in Brazil will receive around US$ 1.5 billion in investments in 2023. The forecast was revealed this week by the National Petroleum Agency (ANP), which published the data in a new panel dynamic on contracts in the exploration phase. The largest share of funds (US$ 1.1 billion) will be... Continue Reading →
(OE) Crown Estate Scotland has announced the results of the world’s first leasing round designed to enable offshore wind energy to supply offshore oil and gas platforms directly. Thirteen projects have been offered exclusivity agreements. INTOG (Innovation and Targeted Oil & Gas) leasing aims to attract investment in innovative offshore wind projects in Scottish waters,... Continue Reading →
Petróleo Brasileiro S.A - Petrobras announces that its Board of Directors (BD) approved, by majority vote, the submission for consideration at the Annual General Meeting (AGM) of Shareholders scheduled for April 27, 2023, of a proposal to adjust the fixed compensation of the company's managers by the INPC for the period 2013 to 2022 (43.88%).... Continue Reading →
(OP) Five international oil companies active in Brazil have petitioned a federal court to suspend the 9.2% tax on crude oil exports that new president Ignacio Lula da Silva introduced soon after he came into office, angering the industry. According to the government, the new tax will serve to attract more investments in the country... Continue Reading →
Wilson Sons, the leader in port and maritime logistics in Brazil, posted a net profit of R$113 million in the fourth quarter of 2022, 169% higher than the same period of 2021. Last year, the company's profit after tax was R$339 million, up 51% compared to 2021. Net revenue totalled R$2.3 billion in the year,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media about the company's Price Policy, clarifies that product price adjustments are made in the normal course of its business. Petrobras reiterates its commitment to the practice of competitive prices and in balance with the market, while avoiding the immediate pass-through of... Continue Reading →
Petro Rio S.A. (the “Company” or “PRIO”) (B3: PRIO3) informs its shareholders and the market in general of the closing of the acquisition of 40% interest in the BM-C-32 Block (“Itaipu Field” or “Itaipu”), acquired from Total Energies E&P Brasil Ltda., following the Material Fact released on September 26, 2022. Together with the 60% interest... Continue Reading →
(Reuters) - Mexican state oil company Pemex and a consortium led by U.S. firm Talos Energy (TALO.N) delivered a development plan for the Zama oil field to Mexico's oil regulator on Thursday, Pemex said. The plan includes two offshore platforms and the drilling of 46 wells, as well as the transportation of oil and gas to the... Continue Reading →
German offshore wind developer RWE said Thursday that its offshore wind farm Kaskasi, located around 35 kilometers north of the island of Heligoland, Germany, had officially started regular operation. With an installed capacity of 342 megawatts (MW), Kaskasi can supply the equivalent of over 400,000 households with electricity. The 38 wind turbines of Kaskasi were... Continue Reading →
Brazil Energy Insight 