Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Italy's Saipem said on Thursday its adjusted core earnings rose 65% in the first quarter to beat expectations driven by its offshore engineering and construction (E&C) business and drilling. Adjusted core earnings in the period were 145 million euros ($157 million), above a Refinitiv consensus of 103 million euros. New orders rose to 2.36... Continue Reading →
(Reuters) - India, the world's third biggest oil importer and consumer, is looking at boosting oil purchases from Brazil, oil minister Hardeep Singh Puri said on Thursday after a meeting with Brazilian Energy Minister Bento Albuquerque. Currently India imports only a fraction of its oil imports from Brazil. "We have expressed to the honourable minister... Continue Reading →
TechnipFMC has been granted pilot approval from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to deploy its Subsea 2.0 equipment for the country’s oil and gas projects. As described, the Subsea 2.0 product, such as trees, manifolds and associated components, are smaller, lighter and use fewer parts than previous generations. The products were designed to... Continue Reading →
(WO) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The U.S. and European countries are planning liquefied natural gas terminals that will be in... Continue Reading →
Aiming to make full use of domestic and overseas financing channels, Chinese oil and gas giant CNOOC Limited has launched an initial public offering (IPO) on Shanghai Stock Exchange, raising about $4.4 billion. The company informed on Thursday it has been officially listed on the A-share market, building a platform for domestic and international capital... Continue Reading →
(Reuters) - Washington and Brazil have discussed the South American nation's role in keeping a lid on global crude prices since Russia's invasion of Ukraine, Brazilian Energy Minister Bento Albuquerque told Reuters in an interview on Wednesday. Brazil, with a current output of around 3 million barrels of oil per day (bpd), has been increasing... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/20/2021 and 12/30/2021, informs that it has today concluded the sale to the company Ubuntu Engenharia e Serviços Ltda (Ubuntu) of its total stake in blocks PAR-T-198 and PAR-T-218, located in the Paraná Basin. After compliance with all the precedent conditions and approval... Continue Reading →
(PN) News in the leadership of the British oil company BP. The executive Adriano Bastos took over this month as the company's Head of Country in Brazil. He returned to the country after serving as president of BP in Angola. Bastos replaced Mario Lindenhayn, who has been BP's Head of Country in Brazil. “Adriano will... Continue Reading →
https://www.youtube.com/embed/4YBPRrZMwhg (OE) FPSO specialist SBM Offshore has shared a video showing the lifting and installation of the first topside module batch for the Prosperity FPSO at the Keppel O&M yard in Singapore. The hull of the FPSO Prosperity, which will be Guyana's third offshore production unit after the Liza Destiny and Liza Unity, has... Continue Reading →
Equinor has published its first Energy transition plan, which will be submitted for an advisory vote by shareholders at the company’s 2022 Annual General Meeting 11 May. The plan provides an overview of how the company is progressing towards its 2050 net zero ambition through short-term actions and medium-term ambitions. Equinor also proposes to amend... Continue Reading →
Brazil Energy Insight 