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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/30/2020, informs that, observing the applicable internal governance, the termination of the competitive process for the sale of all its shares in the wholly owned subsidiary Araucária Nitrogenados S.A. (ANSA), which was in the binding phase, was approved. Petrobras will evaluate its next... Continue Reading →
(Reuters) - The United States has become a global crude oil exporting power over the last few years, but exports have not exceeded its imports since World War II. That could change next year. Sales of U.S. crude to other nations are now a record 3.4 million barrels per day (bpd), with exports of about... Continue Reading →
(OE) N'GENIUS claims its high-strength austenitic stainless steels will transform the design and construction of onshore and offshore oil, gas, and LNG facilities."The global demand for LNG is projected to reach 700 million tonnes per year by 2040 fuelling the need for greater LNG infrastructure including import receiving and export terminals, FLNG vessels, and LNG... Continue Reading →
Norwegian construction firm Veidekke said Monday it has set its sights on the offshore wind market, with the company planning to become a key part of the value chain for floating offshore wind. The company said it was already participating in a larger feasibility study to specifically look into "how the floating foundations for the wind... Continue Reading →
A consortium of three oil and gas giants – Qatar’s QatarEenergy, France’s TotalEnergies, and Malaysia’s Petronas – have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. QatarEnergy disclosed on Monday that, together with TotalEnergies and Petronas, it has... Continue Reading →
(Reuters) Australia on Monday opened up its first zone for developing offshore wind farms in a region off its southern coast, looking to jumpstart a new industry to help achieve net zero carbon emissions by 2050. As expected, the government selected the Gippsland coast off the state of Victoria for the first offshore wind power zone, where an A$9... Continue Reading →
A new study shows the massive port infrastructure that could come to the Central Coast to support proposed floating offshore wind energy developments. The $250,000, seven-month-long study, which was released Thursday, was prepared by engineering consulting firm Mott MacDonald, commissioned by economic development think tank REACH Central Coast and funded by San Luis Obispo County,... Continue Reading →
Petro Rio S.A. (“Company or “PRIO”) (B3: PRIO3), following the Material Fact disclosed on the 1st of September, 3rd and 24th of October and 8th of December of 2022, informs the procedures to be observed by the shareholders and subscription warrant holders of Dommo Energia S.A. (“Dommo”) for the choice of the asset, and the date of... Continue Reading →
- Petróleo Brasileiro S.A. – Petrobras informs that it has acquired the Sudoeste de Sagitário, Água Marinha and Norte de Brava blocks in the 1st Cycle of Permanent Production Sharing Offer of the National Petroleum, Natural Gas and Biofuels Agency (ANP). Petrobras has acquired the Sudoeste de Sagitário block in partnership with Shell Brasil. The... Continue Reading →
(Reuters) - Colombia is targeting a 15% increase in crude oil output by using "enhanced recovery" technologies to take advantage of higher energy prices, even as it pushes towards decarbonization, Minister for Mines and Energy Irene Velez said in an interview. The government of President Gustavo Petro, the first leftist to lead Colombia, hopes to... Continue Reading →
Brazil Energy Insight 