Shell joins Exxon with $1 billion Brazil exploration setback
Expensive offshore exploration setbacks for international oil majors including Shell and Exxon Mobil are throwing cold water on their plans to turn Brazil into a profit center.
Brazil
Standard Chartered under fire over Mozambique LNG emissions
Projects backed by Standard Chartered in 2021 will emit 2.3 billion tonnes of CO2 over their lifespan, with Mozambique LNG to play a major part in this.
Petrobras ends messy leadership change with new CEO Coelho
Petrobras has selected Jose Mauro Coelho to become the next chief executive officer of Latin America’s largest oil producer at a time high fuel prices have put it under political scrutiny.
ExxonMobil drills dry hole in setback to Brazil oil exploration
ExxonMobil drilled a so-called dry hole off the coast of Brazil, a rare setback in the oil titan’s effort to expand its South American crude reserves.
IEEFA raises New Fortress Energy worries
The Institute for Energy Economics and Financial Analysis (IEEFA) has raised a warning over New Fortress Energy’s (NFE) plans.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
BW sends Brazilian FPSO to Indian yard for scrap
BW Offshore has signed a deal to recycle its BW Cidade de São Vicente at a yard in India, in compliance with the Hong Kong International Convention.
Drilling is in, IHS Markit says, as resources rise
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
TechnipFMC lands large contract for Petrobras Buzios 6 field off Brazil
TechnipFMC has won a “large” engineering, procurement, construction and installation (EPCI) deal with Petrobras for the Buzios development off Brazil.
Malaysia’s Yinson wins Brazil FPSO deal
Malaysia’s Yinson, an energy infrastructure and technology company, will provide a floating storage and offloading (FPSO) vessel to Enauta Energia for use at the Atlanta field in the Santos basin offshore Brazil in a deal worth at least $505 million.
Petrobras and friends clean up in multi-billion Santos Basin sale
Brazil has handed out rights to its Atapu and Sépia pre-salt fields to Petrobras and international partners.
Petrobras orders SBM FPSO to extend Mero development
SBM Offshore has signed a contract with Brazil’s Petrobras on the delivery of a floating production, storage and offloading (FPSO) vessel on the Mero field.
Seadrill bags two contracts worth £412m for work in Brazil
Offshore drilling firm Seadrill has today announced that it has secured two contracts with Petrobras for work on the Buzios field, off Brazil.
SBM pays more fines for West African bribery
Switzerland has ordered three SBM subsidiaries to pay 7 million francs ($7.5mn) for failing to prevent bribe paying in Angola, Equatorial Guinea and Nigeria.
Saipem wins £700 million contract with Petrobras for work offshore Brazil
Saipem has secured a contract with Petrobras worth around £700 million for work offshore Brazil.
Guide: The polluting countries that could derail COP26 climate talks
More than 190 countries signed on the dotted line of the Paris Agreement in 2015, forming a new global consensus on the imperative to halt rising temperatures. The collective results since then haven’t been enough.
‘Dream came true’: Worker goes from farm in Brazil to North Sea FPSO
An oil and gas worker has described how his “dream came true” having gone from a small rural town in Brazil to a North Sea FPSO.
Jefferies – Global subsea capex hits highest quarterly level for two years
Global offshore and subsea capital expenditure (capex) recently hit its highest quarterly level for two years, according to an industry database.
Balmoral renewables ‘evolution’ brings Europe and Far East export targets
New export markets in renewables are on the cards for Balmoral Group, typically known for its oil and gas buoyancy tech, as its product offering “evolves”.
Wood settles bribery cases for £127.5m
Engineering and consultancy firm Wood said tonight it had agreed to settle legacy bribery and corruption investigations in Brazil, the UK and US for £127.5 million.
Subsea 7 wins ‘very large’ Mero contract with Petrobras
Subsea 7 has won a contract with Petrobras for development of the Mero-3 field off Brazil.
Singapore’s Keppel wins $2.3bn FPSO deal from Brazil’s Petrobras
Singapore’s Keppel Offshore & Marine (Keppel O&M) will build one of the world’s largest floating production storage and offloading (FPSO) vessels for Brazil’s Petrobras after winning a contract worth $2.3 billion.
Trafigura, Braskem ship first carbon neutral naphtha cargo
Trafigura and Braskem have teamed up to deliver the world’s first cargo of carbon-offset naphtha.
BW Offshore to scrap Berge Helene at Indian yard
BW Offshore has signed the FPSO Berge Helene over for demolition and recycling in India, the company said.
‘Too risky’ to ease quarantine rules for oil workers, says Scottish Government
The Scottish Government has decided not to let up quarantine rules for oil and gas workers returning from overseas, deciding that doing so would be “too risky”.