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Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 12/14/2020, informs that its Executive Board has approved the end of the competitive process, which was in the non-binding phase, for the sale of 50% of its stake in the Marlim, Voador, Marlim Leste and Marlim Sul concessions, jointly denominated Marlim Cluster, predominantly... Continue Reading →
Oslo-listed FPSO leasing company BW Offshore has entered into a short-term contract extension for the Espoir Ivoirien FPSO, moored offshore Ivory Coast. The vessel's firm contract with CNR is scheduled to expire in 2022, but there are extension options available that could see the vessel busy in Ivory Coast until 2036. "BW Offshore has entered into a... Continue Reading →
(Reuters) - Energy consultant Adriano Pires has backed out of the Brazilian government's nomination for him to take the helm at Petrobras, Brazil's O Globo newspaper reported on Monday, as the latest succession plan at the state-run oil company appears to have fallen apart. Pires' decision came a day after soccer magnate Rodolfo Landim declined... Continue Reading →
Oil major ExxonMobil has sanctioned its fourth and largest to date oil development on its operated Stabroek Block located offshore Guyana, which will be developed with the largest FPSO vessel on the block so far. According to a Monday update from its partner Hess, ExxonMobil made a final investment decision to proceed with the development... Continue Reading →
(epbr) Rodolfo Landim, former president of BR Distribuidora and current president of Flamengo football club, withdrew from the nomination of President Jair Bolsonaro to preside over the Board of Directors of Petrobras. He sent a letter to the Minister of Mines and Energy, Bento Albuquerque, reporting the concern of not being able to reconcile the... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Monday signaled first quarter production results could top a seven-year quarterly record, with operating profits from pumping oil and gas of up to $9.3 billion. A snapshot of the largest U.S. company's quarter ended March 31 showed operating profits from its oil and gas unit could jump by between $1.9... Continue Reading →
(OE) Danish offshore drilling company Maersk Drilling has won contracts with Shell for the provision of its Maersk Voyager drillship for drilling services offshore multiple countries. The contracts are expected to start in April 2022, with a total firm duration of one year. The total contract value is approximately $107.5 million, including a mobilization fee,... Continue Reading →
(Reuters) - The prosecutor's office at Brazil's federal audit court (TCU) has asked the court to open an investigation into President Jair Bolsonaro's appointment of Adriano Pires as chief executive of state-run oil company Petroleo Brasileiro (PETR4.SA), for a possible conflict of interest. According to a document seen by Reuters and dated March 31, deputy prosecutor... Continue Reading →
(Reuters) - Mexican wants to build new gas liquefaction facilities to export excess gas and will put the plants out to tender if he does not get commitments for their construction within a month, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador urged U.S firm Sempra, which has a liquefied natural gas (LNG)... Continue Reading →
Reuters) - Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency. The permit will allow Exxon to begin construction and operation of its Yellowtail project, the latest of up to 10 expected to be producing oil this decade. A... Continue Reading →
Brazil Energy Insight 