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ANP will hold on December 16, in Rio de Janeiro, the public session of the 1st Cycle of the Permanent Production Sharing Offer (OPP). There will be 11 blocks on offer, four in the Campos Basin and seven in the Santos Basin. See the blocks on offer: Campos Basin - Agua Marinha; Norte de Brava;... Continue Reading →
(Reuters) - Brazil's leftist President-elect Luiz Inacio Lula da Silva on Friday picked a trusted ally, former Sao Paulo Mayor Fernando Haddad, as his finance minister, ending days of speculation over a key appointment. Lula is set to take office on Jan. 1 after narrowly defeating far-right incumbent Jair Bolsonaro in October. Lula also chose career... Continue Reading →
(Loop) Fourteen oil blocks in Guyana’s lucrative offshore oil and gas fields are now up for grabs, as the government has opened a new round of auctions. In announcing the start of the auction this morning, President Dr Mohammed Irfaan Ali said his government plans to complete the bidding process by April 14, 2023 and... Continue Reading →
Partners in the Corentyne block offshore Guyana – Canada’s CGX Energy and Frontera Energy – have completed the previously announced agreement for the block, enabling them to secure funding for their exploration well, which is slated to be spud once the Noble-owned rig, hired for this assignment, arrives at the location. Earlier this year, CGX... Continue Reading →
Montrose Port Authority says the port is set to become the first Scottish port to provide shore power infrastructure to the energy sector. To enable shore power to offshore energy industry vessels, the port has partnered with with Plug Shore Power Ltd in a 50/50 joint venture. The partnership will see an initial investment of... Continue Reading →
As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3.8 bcfd of gas) of FPS throughput capacity... Continue Reading →
(OET) U.S. oilfield services player Weatherford International has been assigned an upgrade in credit rating from B- to B with a stable outlook by S&P Global Ratings (S&P). Weatherford disclosed on Wednesday that S&P based the rating upgrade in part on the improvements in financial performance and liquidity. This was driven by “stronger operational performance,” according to the U.S. player.... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of November. Key:(1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, with expected resumption in January. (2) The... Continue Reading →
(Reuters) - The world's top central banks dominate the agenda next week with indications abounding that the aggressive pace of rate hikes might slow, but not yet fade away given price pressures. China publishes key economic data as Beijing loosens some of its strict COVID-19 shackles, while PMIs will provide a health check for the... Continue Reading →
Mainstream Renewable Power, Ocean Winds, and Statkraft have signed a memorandum of understanding (MoU) with Aker Solutions, to collaborate on offshore wind at the Utsira Nord license area in Norway. Mainstream, Ocean Winds, and Statkraft are in a consortium to pursue an application to develop floating wind power at the Utsira Nord license area in... Continue Reading →
Brazil Energy Insight 