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(Reuters) - Brazil's Petrobras said on Monday it will cut aviation gasoline prices for distributors by 15.7% starting Sept. 1. The move marks the second time in recent weeks that the state-run oil firm has lowered gas prices for the sector, following a 5.7% decrease in early August.
(Reuters) - Ecuadoran state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Russian diesel in an effort to comply with sanctions targeting Russia's energy exports, Petroecuador said in a statement late on Sunday. Petroecuador's public warning to Trafigura follows European Union and United States sanctions imposed on Russian energy supplies after... Continue Reading →
CGG, PGS and TGS have announced that Schlumberger has become a part of Versal, increasing its coverage to the vast majority of the world’s multiclient seismic data. Versal was created by CGG, PGS and TGS in 2020 and launched in 2021 to provide a vendor-neutral, single point of access to the largest multiclient data libraries with enhanced efficiency and usability. The companies said Versal is a... Continue Reading →
By Pat Jelinek and Ben Williams, Ernst & Young LLP (OM) Oil and gas companies find themselves caught in a politically volatile gray area: scrutinized by climate-minded investors, demonized by consumers, pulled in different directions by policymakers, and whiplashed by sudden boom-or-bust prices. Today, economies across the globe are torn between short-term energy demands and... Continue Reading →
Maritime classification society The American Bureau of Shipping (ABS) on Monday launched detailed requirements for greener offshore operations in what it said was the first sustainability guide to target the offshore industry. "Developed by working with major offshore industry clients, ABS today launches a revised sustainability guide expanded with offshore asset compliance requirements.The updated ABS Guide for... Continue Reading →
(PN) Even with the Permanent Offer assuming the role of the main modality of bidding for oil and gas areas in the country, the government seems not to have given up on holding at least one more traditional round with pre-salt areas. This week, the board of the National Petroleum Agency (ANP) approved the geological... Continue Reading →
(Reuters) - China Petroleum and Chemical Corp, or Sinopec Corp , reported interim net income surged 10.4% to a record 43.53 billion yuan ($6.33 billion), thanks to strong oil and gas prices despite weakened domestic fuel sales. Sinopec, the world's largest refiner by capacity, reported revenues of 1.61 trillion yuan for the six months, up... Continue Reading →
A geophysical site survey campaign is set to begin in September at the proposed Inis Ealga Marine Energy Park floating offshore wind project in Ireland. DP Energy Ireland plans to kick off the geophysical surveys on 2 September at the site located off counties Cork and Waterford. The works will be carried out by ILV... Continue Reading →
(Reuters) - Trafigura has been prevented from bringing fuel to Mexico months after the lifting of import restrictions on the global commodities trader, federal court documents showed, underscoring the roadblocks that foreign energy companies continue to face. The Geneva-based company in April convinced a federal court judge in Mexico City to lift the suspensions, according... Continue Reading →
Subsea services and technology specialist Oceaneering said Monday that its Freedom AUV, has achieved Technology Readiness Level 6 on a 1-9 scale. Oceaneering said that its Freedom, a hybrid AUV/ROV system, is the result of a long-term collaborative relationship between Oceaneering, TotalEnergies, and Chevron dating back to 2014, with Equinor joining the collaboration in 2019. ... Continue Reading →
Brazil Energy Insight 