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Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on March 31, 2017, informs that on August 8, 2022, the United States District Court´s judge for the District of Columbia issued a ruling in the lawsuit filed by EIG Energy Fund XIV, L.P. and others (EIG) against Petrobras regarding their investment in Sete... Continue Reading →
(Reuters) - Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including global recession concerns. The market will remain in unsustainable deficits at current prices and balancing it will still require "demand destruction on... Continue Reading →
The Netherlands-based engineering company Iv-Offshore & Energy has developed a platform that uses offshore wind energy to produce 85 kilotonnes of hydrogen per year. With a capacity of 500 MW, the platform can produce enough green hydrogen in a single day to power more than 300,000 hydrogen cars to drive at least 100 kilometres, the... Continue Reading →
(Reuters) - Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil's Nigerian unit by Seplat Energy (SEPLAT.LG), in a $1.28 billion deal announced in February. Buhari, who doubles as oil minister, granted ministerial approval to the deal, the presidency said in a statement on Monday. Exxon and Seplat are expected to operate... Continue Reading →
The Netherlands-headquartered maritime services company EMAR Offshore has bought two fast crew supplier (FCS) vessels from the Dutch shipbuilder, Damen Shipyards Group. As both vessels are already in stock, one of them has already kicked off operations in Angola to support the country’s oil and gas industry, while the second vessel is expected to join the... Continue Reading →
Over the second quarter of 2022, BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal achieved a 5 per cent progress, when compared to the previous quarter of the year, topping the 80 per cent mark. The project is on track for the first gas in 3Q 2023 despite delays related to the FPSO... Continue Reading →
(EV) Macquarie Group is betting the North Sea – engine of the UK’s once-booming oil and gas industry – can be transformed into the green energy hub of Europe. The Australian bank, one of the top energy-infrastructure investors, has been acquiring offshore wind farms, pipelines and networks that will be in prime position to produce, carry... Continue Reading →
(Reuters) Japan's biggest oil and gas explorer Inpex Corp on Monday lifted its full-year net profit forecast by 17% as strong prices of oil and natural gas boosted its first-half earnings while a weaker yen also lent support. A rapid recovery in demand after the end of pandemic lockdowns and a surge in energy prices,... Continue Reading →
Following a planned downtime, Brazilian oil company Enauta is set to resume production from its Atlanta oil field in the Santos Basin, offshore Brazil. The company said that the Atlanta Field’s scheduled downtime is expected to be concluded over the upcoming days. Enauta said that the gradual output resumption would take place by mid-August when... Continue Reading →
The Special Bidding Commission (CEL) of the National Petroleum Agency (ANP) approved the registration of the first eight companies for the Permanent Production Sharing Offer (OPP). The companies that had their applications approved so far were: BP Energy; Chevron; CNODC; CNOOC; Petrobras; Petronas; Shell and TotalEnergies. The purpose of the Permanent Production Sharing Offer (OPP)... Continue Reading →
Brazil Energy Insight 