Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras has […]
Continue ReadingAustralian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was bought by Karoon’s wholly-owned Brazilian subsidiary Karoon Petróleo & Gás. The deal also includes approximately $8m of transaction costs. The […]
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Shearwater Norwegian offshore seismic vessel player Shearwater Geoservices has started the second acquisition season for the Pelotas Basin multi-client 3D seismic survey offshore Brazil. This new acquisition, conducted in partnership with Searcher Seismic, will be the sixth multi-client 3D project for the joint venture and will utilise the SW Empress vessel to expand the Pelotas […]
Continue ReadingWeekly Daily Standup Top Stories EV Sales Slump: A Global Reality Check December 8, 2024 Clark Savage Global EV sales are slowing down due to high prices, concerns about charging infrastructure, and reduced government subsidies. Major automakers are scaling back production plans and announcing job cuts in response to the weaker demand. […] Revolutionary! Mercedes-Benz solar paint […]
Continue ReadingDaily Standup Top Stories Renewables Accounted for 14.6% of Global Energy Consumption in 2023 August 27, 2024 Mariel Alumit ENB Pub Note: The term “Renewable Energy” is a marketing term. Wind and solar cannot be even considered renewable nor sustainable as they require oil and gas to even exisit. Renewable energy’s share of […] Visualizing the […]
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Daily Standup Weekly Top Stories A Natural Gas Plant Guarding US Northeast From Winter Blackouts Is at Risk – Consumers at mortal risk January 7, 2024 Stu Turley (Bloomberg) — A natural gas terminal that’s been operating for more than half a century has been a crucial safeguard against blackouts when bone-chilling cold hits the US […]
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Daily Standup Top Stories Standard Chartered: Oil Demand Growth To Remain Robust In 2024 And 2025 January 8, 2024 Mariel Alumit Standard Chartered have predicted that oil demand growth in the current year will clock in at a robust 1.54 mb/d and 1.41 mb/d in 2025. StanChart has forecast that global oil demand growth in 2024-2025 […] […]
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