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Following recent reports that Shell has made an oil discovery offshore Namibia, the confirmation came Friday from its partner QatarEnergy. QatarEnergy, until recently known as Qatar Petroleum, confirmed that an oil discovery had been made in a deepwater exploration well drilled in the PEL-39 license located in the Orange Basin, offshore Namibia. "The consortium partners comprising... Continue Reading →
(Bloomberg) — Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years. The trader and Austin, Texas-based driller ATX Energy Partners LLC formed VTX Energy Partners LLC to acquire wells in the Permian and Bakken shale... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it expressed to the National Energy Policy Council (CNPE) the interest in the right of first refusal in blocks to be bid in the Permanent Offer System, under the Production Sharing Agreement, pursuant to Law 12,351/2010 and Federal Decree 9,041/2017. The company's Executive Board approved the expression... Continue Reading →
Natural gas production in 2021 set a record, having reached an average production of 134 MMm3/d (millions of cubic meters per day), a growth of 5% compared to the previous year, when the average was 127 MMm3/d. The average oil production was 2.905 MMbbl/d (million barrels per day), a decrease of 1.18% compared to the... Continue Reading →
OceanPact has contracted TMC Compressors (TMC) to deliver the marine compressed air system for two anchor handling tug supply vessels (AHTS). The Brazilian shipowner has upgraded two of its recently acquired AHTS – Rochedo de São Pedro and Rochedo de São Paulo – and will retrofit new marine compressors onboard. TMC will supply new compressors to each of the two vessels. Both... Continue Reading →
(PetroleoHoje) Petrobras will contract an exclusive 4D seismic campaign with streamer and gravimetric and magnetometric data for the Tartaruga Verde and Tartaruga Verde Sudoeste fields, in the Campos Basin. The company launched a tender for the acquisition of mapping covering an area of 246 km², in water depths from 100 to 1,600 m. Tender for... Continue Reading →
Norwegian Innova and the U.S. Teledyne Energy System have partnered to demonstrate the use of hydrogen for local power of subsea control systems. Specifically, the companies conducted validation testing of Teledyne’s Subsea Fuel Cell Supercharger, a hydrogen and oxygen fuel cell electric power source designed to operate on the ocean floor with no connection to the surface.... Continue Reading →
Wind turbine maker Siemens Gamesa confirmed a gloomy outlook for a potentially negative full-year profit margin on Thursday, hours after naming a new Chief Executive to try to revive its fortunes. The world's largest maker of the offshore turbines that could help reduce reliance on planet-warming carbon blamed a first-quarter operating loss of 309 million... Continue Reading →
(Reuters) - An oil production vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea. Nigeria's Shebah Exploration & Production Company Ltd (SEPCOL) said in a statement on... Continue Reading →
(Reuters) - Shell (SHEL.L) again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance. The strong results cap a year of dramatic recovery for Shell and the oil and gas sector after energy demand and prices... Continue Reading →
Brazil Energy Insight 