Brought to you by Quest Offshore & Southern Cone Consultants
Guyana's President Irfaan Ali said on Wednesday that the first phase of the Liza offshore crude project had achieved its intended full production capacity of around 130,000 barrels per day (bpd). Ali told the Guyana Basins Summit that he expected an additional 10 exploration and appraisal wells to be drilled off the South American country's... Continue Reading →
(Reuters) - Brazil’s lower house approved a new regulatory framework for the natural gas sector in the early hours of Wednesday, a move the government hopes will increase competition in the industry. The bill, which garnered support from industrial consumers, will now be signed into law by President Jair Bolsonaro. “In this difficult moment, this... Continue Reading →
Engineering and maintenance services specialist Sparrows Group has secured one contract renewal and two extensions, worth a seven-figure sum, in Angola to support major operators in the deepwater region. According to Saprrows’ statement on Wednesday, the first award is a three-year renewal to continue with the planned and corrective maintenance of all lifting equipment used... Continue Reading →
U.S.-based oilfield products supplier Forum Energy Technologies (FET) said it has entered into a partnership with Deepsea Technologies Equipamentos Industriais Ltda to represent its operations in Brazil as part of the business’ long-term growth strategy in South America. Deepsea Technologies provides engineered products and services to the oil and gas industry globally, with a key... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on March 15, 2021, informs that the People Committee of the company's Board of Directors met on this date to analyze the appointment of Mr. Joaquim Silva e Luna for the positions of Member of the Board of Directors and CEO of Petrobras.... Continue Reading →
(BUSINESS WIRE)--EIG, a leading institutional investor to the global energy sector, and Prumo Logística S.A. (“Prumo”), a private Brazilian company controlled by EIG, today announced the signing of a Memorandum of Understanding (“MoU”) between Prumo’s subsidiary, Porto do Açu Operações S.A. (“Port of Açu” or the “Port”), and Fortescue Future Industries Pty Ltd (“FFI”). FFI... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the Brazilian Electricity Regulatory Agency (Aneel) approved, on this date, the revocation of the concession for the ThermoCamaçari Thermal Power Plant (UTE TermoCamaçari), located in the state of Bahia. Additionally, Petrobras is negotiating with Proquigel Química S.A., a company that is part of the Unigel Group, to lease... Continue Reading →
Singapore’s Keppel shipyard has reached a major milestone in the construction of the SBM Offshore-owned Liza Unity FPSO with the completion of the topsides lifting campaign. The China-built Fast4Ward FPSO hull arrived in Singapore in January 2020. In November 2020, Keppel started the topside integration phase on the FPSO. SBM Offshore reported on Tuesday that the topsides lifting campaign... Continue Reading →
(Reuters) - Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study here published on Tuesday. In its annual flagship report, the International Renewable Energy Agency underscored the scale and... Continue Reading →
(Bloomberg) -- Petroleos Mexicanos discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the Gulf of Mexico, when combined with nearby deposits, is similar in size to other billion-barrel discoveries, Pemex Chief... Continue Reading →
