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(Reuters) - Petrobras (BVMF:PETR4) came out as the big winner in an auction of exploratory oil and gas blocks this Friday, winning as operator three of the four pre-salt blocks negotiated, out of a total of eleven offered under a new competitive model of permanent offer. Petrobras took Água-Marinha and Sudoeste de Sagitário as operator... Continue Reading →
(OET) Westwood Global Energy, an energy market research and consultancy firm, has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010, despite major project delays caused by multiple factors, including the supply chain inflationary pressure, which remains a concern in the future as well. Within its review of the... Continue Reading →
(TN) Ocyan S.A. announced the creation of a new company (DrillCo), which will concentrate its drilling activities with its current five rigs, ODN I, ODN II, Norbe VI, Norbe VIII and Norbe IX – that will form part of the new company's fleet. The new corporate structure is born in the context of the restructuring... Continue Reading →
(PN) The National Petroleum Agency (ANP) authorized the sale of Polo Carmopolis, a Petrobras asset located in the Sergipe-Alagoas Basin, to Carmo Energy (a company of the Spanish group Cobra). According to the ANP decision, Carmo Energy must present a financial guarantee or a term guaranteeing the decommissioning of the fields involved. The agency also... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in Corporate Governance, informs its investors and the market in general the preliminary unaudited production data for November 2022 in the assets that the Company holds participation. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2) Approximately... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC) said on Friday it was buying renewable energy firm Asterion Energies, which has assets in Spain, Italy and France, for 560 million euros ($596 million) plus contingent payments of up to 20 million euros. Three sources with knowledge of the matter had told Reuters in October that both Repsol and French utility... Continue Reading →
(Reuters) South Korea's Hanwha Group has signed an agreement to take over Daewoo Shipbuilding & Marine Engineering, Daewoo Shipbuilding said in a regulatory filing on Friday. The deal comes after the two parties signed a tentative agreement in September in which affiliates of Hanwha Group, including Hanwha Aerospace Co Ltd., said they would invest 2... Continue Reading →
(Reuters) - Brazil's state oil producer Petroleo Brasileiro SA needs to invest more in natural gas and set a path to return to its former role as an integrated energy provider, one of the top prospects to be Petrobras CEO told Reuters in an interview. Magda Chambriard, a former Brazil oil regulator, also said she does not... Continue Reading →
Dutch thermoplastic composite pipe (TCP) producer Strohm has completed the largest funding round in the company’s 15-year history by securing a €15 million investment to support its TCP solutions. The €15 million investment includes a €10 million commitment made by ING Corporate Investments (a 100% subsidiary of ING Bank), the Netherlands’ largest financial institution, as... Continue Reading →
Shell and Mitsubishi's subsidiary Eneco have won the bid to build an offshore wind farm at Hollandse Kust (west) lot VI, located in the North Seaoffshore the Netherlands. Shell said Thursday that the project would have an installed capacity of approximately 760 MW. It will be located some 53 kilometers off the Dutch coast from... Continue Reading →
Brazil Energy Insight 