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Global completions specialist Tendeka has appointed a new business development manager for Latin America to expand the use of technologies across the region. Maurilio Solano will be working with local operators to implement Tendeka’s key technologies such as FloSure, Filtrex and PulseEight EAV (Electronic Ambient Valve) across Latin America. With almost 30 years in the... Continue Reading →
(PetroleoHoje) From a list of 195 fields, 71 have already have their royalties reduced according to ANP Resolution No. 853/2021, which allows the reduction of the royalty rate to 5%, in the case of fields granted to small companies, and to 7, 5%, for fields operated by medium-sized companies, if they comply with the requirements... Continue Reading →
(Offshore Energy) The global social networking company Meta – formerly known as Facebook – has expressed interest in the hybrid offshore renewable energy solution developed by GEPS Techno. Jean-Luc Longeroche, CEO and co-founder of Geps Techno, said that Meta had confirmed its wish to work with the company in order to multiply the power of its submarine cables by... Continue Reading →
(Offshore Energy) Oil and gas exploration company Eco (Atlantic) Oil & Gas has made its required capital expenditure contribution and is on track to start drilling a high-impact exploration well located in Block 2B, located offshore South Africa, by October this year as scheduled. The joint venture (JV) partnership for Block 2B is operated by a subsidiary... Continue Reading →
(Offshore Energy) The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the International Energy Agency’s forecast for gas demand this year. According to the IEA’s quarterly update from late last week, the world’s demand for natural gas is set to decline slightly in 2022... Continue Reading →
Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. Back January 2020, Premier Oil as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum, with a goal of Navitas eventually obtaining a 30% interest in... Continue Reading →
(Reuters) Oilfield services firm Halliburton posted an 85% rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its services and equipment. Crude futures climbed to their highest level in more than a decade during the quarter after a slew of Western sanctions against Russia disrupted oil sales from... Continue Reading →
(Reuters) - Global energy trader Gunvor Group reported a net profit of $726 million for 2021, the highest since 2015, buoyed by its natural gas and liquefied natural gas (LNG) divisions, the company said on Tuesday. The profit was the highest since 2015 when net profit was boosted by the sale of most of its... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/13/2022, informs that, contractually, TotalEnergies EP Brasil Ltda. - TotalEnergies may make the updated payment for its 22.5% share in the compensation for Atapu until 04/28/2022. The Atapu block was acquired by the consortium composed by Petrobras (52.5%), Shell Brasil Petróleo Ltda. -... Continue Reading →
(WO) Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company's core operating area, the Potiguar Basin onshore Brazil, the company announced. This acquisition cements Petro-Victory's status as one of the largest landholders in the highly petroliferous basin. Petro-Victory secured the blocks by participating in the Agencia Nacional do Petroleo Gas Natural e... Continue Reading →
Brazil Energy Insight 