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Petróleo Brasileiro S.A. – Petrobras informs that the Guanabara platform vessel, installed in the Mero field, in the Santos Basin pre-salt, reached its maximum production capacity, with the mark of 180 thousand barrels of oil per day (bpd), about eight months after the unit started operating. Of the FPSO (floating production, storage, and oil transfer... Continue Reading →
(Reuters) - Guyana's oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer's light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to replace Russian supplies. Since a consortium led by Exxon Mobil (XOM.N) began pumping in late 2019, Guyana's shipments have soared, bringing the... Continue Reading →
While investments in green sectors overshadowed the oil and gas funding for the first time last year, the cost-conscious developers are expected to tighten their purse strings after two years of soaring prices, outlined Rystad Energy, an energy market intelligence group. However, low-carbon spending is still expected to rise by $60 billion in 2023 as inflation weakens. As... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that will pay on Thursday, 01/19/2023, the second installment of the remuneration to shareholders, approved by the Board of Directors, in connection to the Material Fact released on 11/03/2022 and Notice to the Market of 11/18/2022, based on the shareholding position on 11/21/2022 for holders of Petrobras shares traded... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday the government has officially nominated Jean Paul Prates to serve as its chief executive officer and board member. President Luiz Inacio Lula da Silva had already announced he would appoint Prates for the top job. Reuters reported earlier on Friday, citing sources, that the nomination had... Continue Reading →
(OET) Helix Robotics Solutions has entered into a three-year charter agreement for the DP2 offshore support vessel Glomar Wave for work in the renewables and oil and gas sectors. The 66.4-meter multi-role vessel can be configured with one or two remotely operated vehicles (ROVs) and Helix’s new custom-built IROV boulder and debris clearance tool. Glomar... Continue Reading →
Offshore drilling firm Valaris said Friday it had recently secured contracts and extensions for its offshore drilling rigs in Brazil, the U.S. Gulf of Mexico, and the UK North Sea. In Brazil, French oil company TotalEnergies exercised an extension option for the VALARIS DS-15 drillship. With this extension, the GustoMSC P10000-design drillship is expected to remain busy until December 2023.... Continue Reading →
Marco Polo Marine, a Singapore-listed offshore vessel company, has entered the South Korean market with a "landmark" Memorandum of Understanding signed with South Korean companies Namsung Shipping Co., Ltd. and HA Energy Co., Ltd. (“HA-E”). Under the MoU, the companies have committed "to jointly pursue synergistic offshore wind vessel operations in South Korea." South Korea’s... Continue Reading →
(OE) China's Mingyang Smart Energy on Friday announced the launch of next flagship offshore wind turbine – the MySE 18.X-28X - "going beyond the 18MW threshold." This means that, at the time of writing, this is the most powerful offshore wind turbine announced so far. According to the company, the MySE 18.X-28X, with 140-meter-long blades... Continue Reading →
(OE) The U.S. Department of the Interior will reform its regulations for the development of wind energy facilities on the country's outer continental shelf to help meet crucial climate goals, it said in a statement on Thursday. The proposed rule changes would save developers a projected $1 billion over a 20-year period by streamlining burdensome... Continue Reading →
Brazil Energy Insight 