Brought to you by Quest Offshore & Southern Cone Consultants
(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 →
Petróleo Brasileiro S.A. – Petrobras, in continuation of the statement released on 06/10/2022, informs that a decision was rendered by the Court of appeal of the State of Rio de Janeiro overturning the previous ruling that granted an injunction that freezed the contractual negotiations with the consortium of companies Petroreconcavo and Eneva concerning to the... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA) on Thursday posted a stronger than expected 48% surge in third-quarter profit, the latest in a string of stellar quarters under market-friendly managers whose days may be numbered. Petroleo Brasileiro SA, as it is formally known, reported net profit of 46.1 billion reais ($9.01 billion) or 3.56 reais a... Continue Reading →
(OED) Cable installation has kicked off at Vineyard Wind, the U.S. first commercial scale offshore wind farm, at a site located 15 miles south of Martha’s Vineyard. Vineyard Wind, the company developing the namesake wind farm, also announced that it expects to begin nearshore cable work off the south coast of Cape Cod in... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will distribute dividends of around 43.68 billion reais ($8.5 billion), the firm said on Thursday, amid controversy over its massive payouts. Petroleo Brasileiro SA, as it is formally known, has been a cash cow for its investors in recent quarters, including the Brazilian government, which owns a controlling stake... Continue Reading →
Petróleo Brasileiro S.A. – informs that its Board of Directors, at a meeting held today, approved the payment of a dividend in the amount of R$ 3.3489 per outstanding preferred and common share. The proposed dividend is in line with the Shareholder Remuneration Policy, which provides that in case of gross debt below US$ 65... Continue Reading →
Brazil Energy Insight 