(Reuters) - Brazil's leftist former President Luiz Inacio Lula da Silva remains ahead of far-right President Jair Bolsonaro by a significant margin in voter preferences for the 2022 elections, a survey by pollster Datafolha showed on Friday. Voter support for Lula slipped to 44% from 46% in July, and Bolsonaro gained a percentage point to... Continue Reading →
Investors Managing $10 Trillion Set Tough Climate Blueprint for Big Oil
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies seeking to tackle climate change, including sharp cuts to greenhouse gas emissions and a winding down of oil and gas production. The unprecedented initiative - dubbed the Net Zero Standard for Oil and Gas - details 10 required standards to... Continue Reading →
Petrobras starts binding phase of Deten Química S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/28/2021, informs that it has concluded the non-binding phase initiated on 07/08/2021 related to the sale of its entire 27.88% equity interest in Deten Química S.A. (Deten), located in the industrial complex of Camaçari, in the state of Bahia. The company is starting... Continue Reading →
Saudi Aramco Unit to Market Guyana’s Crude for One Year
Guyana has granted a unit of Saudi Arabian Oil Co, known as Aramco, a one-year contract to market the government's share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters. The country in early September had awarded Aramco a contract to market a cargo scheduled for Sept. 21-22. Natural Resources... Continue Reading →
Petrobras on access to the Pecém LNG Regasification Terminal
Petróleo Brasileiro S.A. - Petrobras informs that it published today the call for the exceptional access process to the Pecém Liquefied Natural Gas Regasification Terminal, in the State of Ceará (TR-PECEM) and its associated facilities. This process aims to comply with the determination of the Chamber of Exceptional Rules for Hydropower Management (CREG), in accordance... Continue Reading →
With a capacity of 1,338.30 MW, the UTE GNA I thermoelectric plant starts operating in Porto do Açu
(TNPetroleo) GNA - Gás Natural Açu, a joint venture formed by BP, Siemens, SPIC Brasil and Prumo Logística, controlled by EIG Global Energy Partners, announces that the National Electric Energy Agency (Aneel) released this September 16 ), all the generating units that make up the UTE GNA I for the start of commercial operation. Totaling... Continue Reading →
Oil Holds Above $75 on Big U.S. Inventories Drop With Gulf Output Still Recovering from Ida
Oil held above $75 a barrel on Thursday, within sight of a multi-week high hit a day earlier, supported by a big drop in U.S. crude inventories and surging European natural gas prices. U.S. crude inventories fell by 6.4 million barrels last week, more than the 3.5 million-barrel drop analysts expected, with offshore oil facilities... Continue Reading →
Karoon, Pitkin Settle Peru Differences
Australian oil and gas firm Karoon Energy has reached a settlement agreement with Pitkin Petroleum over a dispute related to Block Z-38, offshore Peru. Back in May, Pitkin Petroleum sent a notice of the dispute to Karoon Energy, related to the joint operating agreement in respect of Block Z-38, offshore Peru in which the two... Continue Reading →
SBM Offshore closes largest project financing in its history
FPSO operator SBM Offshore has completed the project financing of FPSO Sepetiba for a total of $1.6 billion, which is the largest project financing in the company’s history. The project financing was secured by a consortium of 13 international banks with insurance cover from Export Credit Agencies (ECA): Nippon Export and Investment Insurance (NEXI) and... Continue Reading →
China Union offers best proposal for Jack-Up rig to Petrobras
(PetroleoHoje) Petrobras received seven proposals for chartering a jack-up rig for operation in the Northeast China Union Offshore presented the best price for the charter of a self-elevating intervention rig for operation in water depths from 12 to 50 m. The Asian group offered the DSJ300 jack-up, with a daily rate of US$72,000 plus a... Continue Reading →