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(GN) -- Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary has commenced an offering of U.S. $1.175 billion aggregate principal amount of senior secured notes due 2030 (the “Notes”) to eligible purchasers pursuant to Rule 144A/Regulation S. The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by... Continue Reading →
(Reuters) - Mexican state oil company Pemex illegally burnt off hydrocarbon resources worth more than $342 million in the three years up to August 2022 at two of its most important new fields, internal documents from the country's oil regulator showed. The three documents, produced by the regulator and dated August 2022, detail how Pemex... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that, in 2022, it exceeded the oil and natural gas production target, disclosed to the market in a material fact on November 24, 2021 and revised on January 14, 2022, within the considered margin of 4% for more or for less. Total oil and gas production was 2.684 million... Continue Reading →
Philip Lewis, Contributo (OE) Over the last few weeks, we have seen three announcements by Chinese OEMs of 18-megawatt (MW) turbines. CSSC Haizhuang announced the H260-18MW turbine with a 260-meter rotor diameter. Mingyang Smart Energy has announced its new MySE 18X-28X turbine, which has a rotor diameter of over 280 meters. Dongfang is developing 16-, 17-... Continue Reading →
Shell gave up selling the Parque das Conchas Cluster, in the Espírito Santo part of the Campos Basin. After receiving proposals, it opted to keep the asset in its portfolio. Shell received proposals from Enauta, PRIO and Karoon. The decommissioning of Parque das Conchas is scheduled for the end of the decade. Shell continues with... Continue Reading →
Japanese FPSO operator MODEC has confirmed that a new floating production storage and offloading (FPSO) vessel arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s state-owned energy giant, Petrobras. In a recent social media post, MODEC reported that the FPSO Anita Garibaldi MV33, its newest production vessel, arrived in Brazil, where its... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it received the devolution of about R$ 456 million, recovered through a leniency agreement with UOP LLC - a subsidiary of Honeywell International Inc. - signed with the Office of the Comptroller General (CGU) and the Federal Attorney General's Office (AGU), an instrument that is part of a... Continue Reading →
Australian operator Karoon Energy has advanced in preparations for the start of production in the Patola field, in the Santos Basin. The company expects to start production in the area at the end of the first quarter of this year. The drilling rig Noble Developer completed drilling and completion activities in the field. Installation of... Continue Reading →
(Reuters) - Britain's first oil and gas exploration licensing round since 2019 attracted 115 bids, up from 104 in the last round, with the licences likely to be awarded from the second quarter, the North Sea Transition Authority (NSTA) said on Tuesday. Britain's government is looking to boost domestic hydrocarbon output as Europe weans itself... Continue Reading →
(Reuters) - The West's top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 marked by huge volatility in oil and gas prices after Russia's invasion of Ukraine with buoyant earnings likely to roll through 2023. Flush with cash, BP (BP.L), Chevron (CVX.N), Exxon Mobil (XOM.N), Shell (SHEL.L) and TotalEnergies (TTEF.PA) also delivered... Continue Reading →
Brazil Energy Insight 