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(OM) Vast opportunities—and inevitably challenges too—face the offshore global EPC and rig markets, according to analysts presenting at the recent Westwood Global Energy Group Offshore Breakfast Briefing event in Houston. The following is a recap of their presented findings and forecasts for the offshore oil and gas sector. Global offshore EPC outlook Westwood reports that... Continue Reading →
Global data analytics provider Verisk has agreed to sell its energy intelligence subsidiary Wood Mackenzie to Veritas Capital for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million. “This transaction best positions Verisk to expand our role as a strategic data, analytics, and technology partner to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras hereby informs that, today, was released notice to the market regarding the public offering of real state receivables certificates (the CRI), up to 3 (three) series, comprising the 1st , 2nd and 3rd series of the 67th issuance of Opea Securitizadora S.A. (the Securitizadora), backed by book-entry commercial notes of... Continue Reading →
(OE) Brazilian oil giant Petrobras has found oil at the Pedunculo well, located in the northwest of the Sépia offshore oil field, around 250 kilometers off the coast of Rio de Janeiro, Brazil. The well was drilled at a water depth of approximately 2,200 meters. The net thickness of the well’s oil column is one... Continue Reading →
(OE) Helix Energy Solutions Group, Inc. has secured a deepwater well decommissioning contract with Shell in Brazil. The scope of work includes plug and abandonment services on subsea wells located in the Bijupira and Salema fields. Helix will supply the Q7000 riser-based well intervention vessel, a 10k Intervention Riser System (IRS), and remotely operated vehicles. The Q7000, equipped with... Continue Reading →
(Reuters) Nigeria is planning to auction seven deep offshore oil blocks, 15 years since the last ones were auctioned, the upstream regulator said on Saturday. Apart from marginal fields, Nigeria last conducted bidding for 45 oil blocks in 2007 even when the court had stopped the sale of two that were under litigation between Shell... Continue Reading →
(Reuters) - Leftist Luis Inacio Lula da Silva on Sunday defeated President Jair Bolsonaro in an election runoff that marked a stunning comeback for Lula and the end of Brazil's most right-wing government in decades. Lula won 50.9% of votes compared with 49.1% for Bolsonaro, the Supreme Electoral Court said, declaring former president Lula the winner.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 19, 2021, informs that the drill-stem test in the wildcat well 1-BRSA-1381-SPS (Curaçao), located in the Pre-salt section in the southwestern portion of the Santos Basin, has been successfully completed. The discovery in the Aram Block is located 240 km from the... Continue Reading →
(OM) Iberia is well positioned to compete with—or even replace—Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature gas infrastructure as well as a wealth of industry and managerial expertise. With reliable gas supply from North Africa, lower power prices compared to the... Continue Reading →
(Reuters) - Colombia's government may change its position on prohibiting new contracts for oil exploration, director of public credit Jose Roberto Acosta said on Thursday, citing the valuable income brought by the sector. Granting new contracts for oil exploration would represent a major U-turn for the government of leftist President Gustavo Petro, who previously described oil... Continue Reading →
Brazil Energy Insight 