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Nov. 26 (oilprice.com) Eni has signed a deal to acquire a 50% interest and operatorship of the offshore exploration Block OFF-5 in Uruguay from Argentina’s YPF, marking a fresh push into one of the Atlantic Margin’s least explored basins. The transaction, announced from San Donato Milanese, will take effect once validated by Uruguayan authorities. The 16,883-km² block... Continue Reading →
Nov. 25 - Petrobras' Bidding Committee announced that it has approved SBM Offshore's proposal in the tender for contracting the Sergipe Deepwater FPSO (SEAP) vessels. The approval was given during the proposal effectiveness evaluation phase. It's worth noting that SBM Offshore offered the lowest prices in the FPSO tender. The Dutch company submitted a total... Continue Reading →
Nov. 25 (oilnow.gy) Guyana’s Stabroek Block now has 51 discoveries filed with the Ministry of Natural Resources. ExxonMobil confirmed the figure in a release on Sunday, stating, “We have announced more than 30 significant discoveries in the Stabroek Block, while filing 51 Notices of Discovery with the Ministry.” ‘Significant discoveries’ are those that materially impact... Continue Reading →
Nov. 25 (offshore-energy.biz) Three energy giants – France’s TotalEnergies, Qatar’s state-owned QatarEnergy, and Malaysia’s Petronas – are joining forces to explore the hydrocarbon potential of an offshore block in Guyanese waters. To this end, QatarEnergy has confirmed the signing of a production sharing agreement (PSA) for shallow-water Block S4 offshore Guyana, following the award of the block through... Continue Reading →
Nov 24 (Reuters) - Despite the U.S. government souring on the global climate agenda ahead of the COP30 summit, American companies did not shy away. A Reuters analysis of attendance lists shows there were 60 representatives of Fortune 100 companies at the Brazil event, compared with 50 at last year's in Baku, Azerbaijan. Still others attended pre-conference... Continue Reading →
Nov. 24 (oilnow.gy) The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s offshore industry, each larger and more advanced than the last. Together, Liza Destiny, Liza Unity, Prosperity and ONE GUYANA have pushed national output beyond 900,000 barrels per day, demonstrating how quickly ExxonMobil has... Continue Reading →
Nov. 24 (oilnow.gy) Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore... Continue Reading →
Nov 24 (Reuters) - Brazilian power firm Neoenergia said on Monday that controlling shareholder Iberdrola has filed for a tender offer to take the company private. Spain-based Iberdrola plans the acquisition of up to all common shares issued by Neoenergia at a price of 32.50 reais per share, the Brazilian firm said in a securities filing. In... Continue Reading →
Nov 23 (Reuters) - This year's U.N. climate change summit ended with a tenuous compromise for a deal that skipped over most countries' key demands but for one: committing wealthy countries to triple their spending to help others adapt to global warming. Here are some of the takeaways from the COP30 climate summit held in Brazil's Amazon... Continue Reading →
Nov. 21 - SISTAC, a company operating in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, has signed a long-term contract addendum with the Norwegian company DOF Subsea for operations in the Campos, Santos, and Espírito Santo basins. The partnership guarantees the continued use of divers... Continue Reading →
Brazil Energy Insight 