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(OED) Norway's Aker Solutions has been awarded a frame agreement from Brazil's Petrobras and partners to provide subsea production systems (SPS) and subsea lifecycle services (SLS) for Petrobras-operated oil and gas fields offshore Brazil. The frame agreement has a fixed period of five years, from the fourth quarter of 2022 to the fourth quarter of... Continue Reading →
(AP) — In the run-up to Brazil’s presidential election, many feared a narrow result would be contested and spell the death knell for Latin America’s largest democracy. So far, however, the worst fears have been averted, despite a nail-biting victory for former leftist President Luiz Inácio Lula da Silva over far-right incumbent Jair Bolsonaro, and ongoing protests by... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 11/11/2021, informs that it has today finalized the sale of the shares of the company Paraná Xisto S.A (Paraná Xisto), which was formed to hold the Shale Industrialization Unit (SIX), located in São Mateus do Sul, Paraná, to Forbes Resources Brazil Holding S.A.... Continue Reading →
(Reuters) - Petrobras plans to receive an environmental license from Ibama this year to drill a well in the Foz da Rio Amazonas Basin, off the coast of Amapá, one of the oil company's major exploratory bets. If the license is granted, it would occur before the change of government of Jair Bolsonaro (PL) to... Continue Reading →
(TN) Australian renewable green energy developer Fortescue Future Industries (FFI) and Enel's global renewable energy arm, Enel Green Power S.p.A. (EGP), today announced that they will partner to explore the co-development of the green hydrogen value chain, with an initial focus on Latin America and Australia. FFI and EGP share a common view on the... Continue Reading →
(Reuters) - Pampa Energía (PAMP.BA), the third largest gas producer in Argentina's Neuquén basin, will invest $550 million in 2023 to increase its unconventional production from the huge Vaca Muerta shale formation, the firm's president Marcelo Mindlin said. Vaca Muerta, the world's second largest shale gas reserve and fourth for shale oil, is crucial for Argentina... Continue Reading →
Canadian marine robotics company Kraken Robotics said Friday it had signed a R&D contract with a global energy company that will provide $8 million of cash funding to Kraken’s Brazilian subsidiary over a 3-year period. Under this project, Kraken will continue the development of Artificial Intelligence, Machine Learning software, and subsea autonomy solutions to intelligently... Continue Reading →
(OE) Energy industry expert and assurance provider DNV has completed Lenders’ Technical Due Diligence on Ørsted’s Hornsea 2 project, the world’s largest offshore wind farm in operation. DNV performed an independent energy yield assessment and carried out a thorough technical due diligence investigation on all aspects of the offshore wind farm and the related offshore... Continue Reading →
Singapore-based Sembcorp Marine said Friday its subsidiary Sembmarine SLP had won a Planned Preventative Maintenance (PPM) contract with the Danish offshore wind developer Ørsted for the Hornsea 2 offshore wind farm, one of the world’s largest wind farms located 89 km off the Yorkshire coast in the UK North Sea. The PPM contract involves the... Continue Reading →
(Reuters) Guyana, one of the world's hottest oil drilling zones, will offer 14 offshore exploration blocks under terms that "significantly" increase its share of oil revenue, the South American nation's vice president said on Thursday. Officials this week approved an oil lease auction with timing details to be disclosed by the Ministry of Natural Resources.... Continue Reading →
Brazil Energy Insight 