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(Offshore) Wood Mackenzie’s Global Upstream Outlook 2022 predicts a 9% increase in investments next year to more than $400 billion. The consultants expect more than 40 projects with resources of more than 50 MMboe to be sanctioned, with low-breakeven, low-carbon deepwater projects dominating greenfield final investment decisions. Fraser McKay, vice president upstream research, said: “Companies will allocate... Continue Reading →
Petróleo Brasileiro SA – Petrobras, following up on the releases disclosed on 08/04/2021, 10/28/2021, and 11/19/2021, informs that it is carrying out today the payment of the 2nd installment of the anticipated shareholder remuneration for 2021. The gross amount distributed corresponds to the gross value of dividends and interest on equity (IOE) of R$ 3.250487... Continue Reading →
(Reuters) - Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year, even though the Omicron coronavirus variant is not seen curbing mobility as sharply as earlier COVID-19 variants. U.S. West Texas Intermediate (WTI) crude futures fell $1.05, or 1.5%, to $69.68 a... Continue Reading →
(Reuters) - Erosion in the Amazon region has ruptured Ecuador's state-owned pipeline SOTE, the same problem that led to its shutdown last week, the Energy Ministry said on Tuesday. The collapse in the pipeline's tubing did not cause any environmental damage given it was empty following its suspension, along with the privately-owned OCP pipeline, last... Continue Reading →
(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce that it has entered into an extension of its well intervention charter and services contracts for the Siem Helix 2 offshore Brazil with Petróleo Brasileiro S.A. (Petrobras). The initial four-year contract for the Siem Helix 2 has been extended by one year at a reduced rate reflective... Continue Reading →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has raised prices at least once in the middle of the divestiture process of its largest refineries, frustrating some bidders and delaying the long awaited promise of breaking Petrobras' monopoly in refining, four sources with knowledge of the matter told Reuters. Bidders were surprised by what they describe as... Continue Reading →
(Reuters) - Years after going head-to-head for Brazil's top job, leftist former President Luiz Inacio Lula da Silva is seriously considering ex-rival Geraldo Alckmin as a centrist running mate next year, presenting a "unity" ticket for a divided country, according to Reuters interviews. Five sources close to the politicians, who spoke on the condition of... Continue Reading →
Energy intelligence provider Wood Mackenzie, a Verisk business, believes that the oil and gas sector will continue to rebound in 2022, but the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and... Continue Reading →
(PetroNoticias) Petrobras can start the first operational tests to receive natural gas coming from the pre-salt at Gaslub, the former Comperj. The National Petroleum Agency (ANP) has already given the green light and authorized the start of these operations. After this phase, the tests of systems that will use natural gas to generate steam for... Continue Reading →
(OE) A surge in COVID-19 cases and the emergence of the Omicron variant will dent global demand for oil, the International Energy Agency (IEA) said on Tuesday, but the broader picture is one of increasing output set to top demand this month and soar next year. "The surge in new COVID-19 cases is expected to... Continue Reading →
