(Reuters) - BP Plc (BP.L) will market Guyana's share of crude oil produced over the next year from two offshore production platforms, the South American country's Ministry of Natural Resources said. Guyana is home to one of the largest oil discoveries in the last decade, with about 11 billion barrels found to date. A consortium that controls... Continue Reading →
Deepwater Oil And Gas Production To Rise 60pct By 2030
(RZ) Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 5,000 feet and above is growing fastest – by 2024 it will account for more than half of all deepwater production. Deepwater is the fastest-growing upstream... Continue Reading →
World’s First 16 MW Offshore Wind Turbine Rolls Off Production Line
(OWB) The first nacelle for a 16 MW offshore wind turbine jointly developed by China Three Gorges Corporation and Goldwind Technology has rolled off the production line at Fujian Three Gorges Offshore Wind Power International Industrial Park in China. According to China Three Gorges, the unit has the largest single capacity, the largest rotor diameter,... Continue Reading →
Argentina government to send LNG bill to Congress in coming months
(Reuters) - Argentina's Economy minister Sergio Massa said on Thursday that the government was readying a liquefied natural gas (LNG) bill to send to Congress in the coming months, amid a push to create a major gas export sector in the country. The bill aims to spur the multi-billion-dollar investments needed to exploit Argentina's massive... Continue Reading →
Petrobras on assignment of participation in the Búzios field
Petróleo Brasileiro S.A. – Petrobras, following up on the releases of 09/29/2021, 10/04/2021 and 03/04/2022, informs that it has received today the amount of R$ 10.3 billion, equivalent to US$ 1.9 billion by the PTAX exchange rate of 11/24/2022, related to the assignment of 5% of its participation in the Production Sharing Contract of the... Continue Reading →
Brazil’s Lula won’t have interventionist stance on Petrobras, aide says
(Reuters) - Brazil's incoming leftist government will not have an interventionist stance on state-run oil giant Petrobras (PETR4.SA), a member of the transition team for President-elect Luiz Inacio Lula da Silva said on Thursday. Senator Jean Paul Prates told reporters that the future administration had no intention of causing a "breakdown" of the company and that... Continue Reading →
FPSO Anna Nery heads towards the Marlim field in the Campos Basin
(TN) The FPSO Anna Nery left the BrasFELS shipyard, in the city of Angra dos Reis (RJ), and headed for its final destination, the Marlim field, in the Campos Basin. The vessel has the capacity to produce up to 70,000 barrels of oil per day and process up to 4 million m³ of gas per... Continue Reading →
Energy trader Gunvor expands leadership team
(Reuters) - Geneva-based energy trader Gunvor Group has widened its executive committee to 14 people including its chief executive, reflecting the growing importance of gas trading for the firm, the company’s website showed on Thursday. The new members are Benoit Roulon, the new global head of crude oil trading; Richard Brockmeyer, head of North American... Continue Reading →
KNOT orders new shuttle tanker for charter with Petrobras
(OET) Norway-based shuttle tankers owner and operator Knutsen NYK Offshore Tankers AS (KNOT) has ordered another shuttle tanker for time charter with Brazilian oil and gas giant Petrobras. On 21 November, KNOT signed a contract with Chinese shipyard Cosco Shipping Heavy Industry (Zhoushan) for the construction of a 154,000 cbm Suezmax dynamic positioning (DP2) shuttle tanker.... Continue Reading →
Brazil’s electoral court rejects Bolsonaro election challenge
(Reuters) - The head of Brazil's electoral court Alexandre de Moraes on Wednesday rejected a complaint from President Jair Bolsonaro's allies to challenge the presidential election, which the incumbent lost by a small margin, according to a court document. Leftist ex-President Luiz Inacio Lula da Silva narrowly defeated Bolsonaro in the Oct. 30 runoff election, marking a... Continue Reading →
Brazil Energy Insight 