Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry, four ministry sources told Reuters, following days of government discussions about how to address political blowback over high fuel prices. The Economy Ministry officials, who requested anonymity to comment on confidential discussions, said the... Continue Reading →
(Reuters) - The chief executive of Brazilian state-run oil company Petrobras resigned on Monday in the face of mounting pressure from politicians following a fuel price hike last week, with a high-ranking company insider quickly tapped to replace him on an interim basis. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, said in a... Continue Reading →
(Reuters) - The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors. Petro, a 62-year-old former mayor of the capital Bogota and current senator, won some 50.4%... Continue Reading →
(Reuters) - Ecuador's state-owned oil company Petroecuador declared force majeure late on Saturday over the impact of protests against the government's social and economic policies in the Andean country, while President Guillermo Lasso tried to clamp down on unrest. The oil company declared force majeure for its exploration, exploitation, transport and commerce sectors - halting... Continue Reading →
Havfram has secured a contract by MODEC Offshore Production Systems (Singapore) for the pre-installation of the subsea mooring system for a floating production storage and offloading (FPSO) vessel destined for Senegal. MODEC will supply the facility to Woodside as part of the Sangomar Field Development Phase 1 project, Senegal’s first offshore oil development. Under the... Continue Reading →
(OE) Offshore vessel designer GustoMSC, part of NOV, has launched a next-generation heavy lift crane vessel series called ENSIS, planned for foundation installation for the offshore wind farms of the future. "GustoMSC's new ENSIS heavy lift crane vessel series addresses the needs of the growing offshore wind foundation market. With monopiles and jackets increasing in... Continue Reading →
Italian oil and gas company Eni said Saturday that the first hydrocarbons had been introduced from the Coral South reservoir offshore Mozambique into the Coral South FLNG unit. Eni operates the offshore Area 4 where the Coral South FLNG is located. Eni's partners are ExxonMobil, CNPC, GALP, KOGAS, and ENH. Coral South, also known as... Continue Reading →
(Reuters) - Curacao will begin negotiations with a seven-company consortium to take over management of the Caribbean island's oil refinery and storage terminal, state-owned Refineria di Kòrsou (RdK) said on Sunday. Curacao's 330,000-barrel per day Isla refinery was idled in 2018 amid a payment dispute between then-operator Petroleos de Venezuela (PDVSA) and U.S. oil company... Continue Reading →
(Reuters) - The chief executive of Brazil'sstate-run oil company Petrobras (PETR4.SA)resigned on Monday in the face of mounting pressure from politicians after the firm announced a fuel price hike last week, adding to inflation concerns in an election year. Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that Chief Executive... Continue Reading →
(Reuters) - The chief executive of Brazilian state-run oil company Petrobras (PETR4.SA), Jose Mauro Coelho, may resign on Monday as he faces mounting pressure from top politicians after a new fuel price hike was announced last week, newspaper O Globo reported. The report mentioned board members who had spoken with Coelho during the weekend. Petroleo Brasileiro... Continue Reading →
Brazil Energy Insight 