(Total, 28.Oct.2020) — Total is pursuing its strategy to reduce greenhouse gases emissions in maritime transportation, by chartering four Aframax-type vessels equipped with liquefied natural gas (LNG) propulsion. These vessels, each with a capacity of 110,000 tons of crude oil or refined products, will be delivered in 2023 and will […]
Tag: Paris
Brazil Warns Against Sidelining Poorer Countries On Climate
(AP, 6.Dec.2018) — Brazil warned Wednesday against freezing developing nations out of negotiations at the UN climate summit, suggesting this could lead to an acrimonious collapse in talks as seen in Copenhagen nine years ago. Accusations of back-room deals aren’t uncommon at such meetings, where diplomatic huddles often last late […]
Perenco Acquires Three Fields In The Campos Basin From Petrobras
(Petrobras, 28.Nov.2018) — Petrobras signed with Perenco the contracts for the full sale of Petrobras’ stake in the fields of Pargo, Carapeba and Vermelho, the so-called Polo Nordeste, located in shallow waters off the coast of Rio de Janeiro state. The Assets The Pargo field was discovered in 1975, and […]
Petrofac Completes Sale Of 49% Interest In Mexican Operations
(Petrofac Limited, 19.Oct.2018) — Petrofac Limited announces that it has completed the sale of 49% of the company’s operations in Mexico to Perenco (Oil & Gas) International Limited, following approval from the Federal Competition Commission of Mexico (COFECE). Related Stories https://energy-analytics-institute.org/petrofac-introduces-partner-in-mexico/ *** #LatAmNRG
Shell Seeks To Sell Venezuela JV Stake
(Reuters, 12.Oct.2018) — Royal Dutch Shell Plc is negotiating the sale of its stake in a Venezuelan oil joint venture to Paris-based Maurel & Prom , three sources said this week, a move to scale down its crude business in the ailing OPEC-member country to focus on gas. The Anglo-Dutch […]
IEA Urges Opec to Open Taps as Oil Markets Enter ‘Red Zone’
(Bloomberg, Javier Blas, Grant Smith & Francine Lacqua, 9.Oct.2018) — Oil prices have rallied to a four-year-high due to US sanctions on Iran and the Venezuelan crisis, even as Saudi Arabia moved slow on filling any shortfall. The International Energy Agency (IEA) made a direct appeal to Organization of the […]
Methane Fears Cloud Argentina’s Shale Oil And Gas Future
(Financial Times, Benedict Mander, 23.Sep.2018) — Green energy groups say huge shale oil and gas reserve is leaking greenhouse gases. Jorge Daniel Taillant used a $100,000 infrared camera this year to investigate whether oil and gas installations in Vaca Muerta were leaking toxic gases. The grainy black-and-white thermal images that […]
IEA Warns of Higher Oil Prices as Iran and Venezuela Losses Deepen
(Bloomberg, Grant Smith. 13.Sep.2018) — The International Energy Agency warned that oil prices could break out above $80 a barrel unless other producers act to offset deepening supply losses in Iran and Venezuela. Iranian crude exports have fallen significantly before U.S. sanctions even take effect, the IEA said in a […]
Petrofac Introduces Partner In Mexico
(Petrofac Limited, 30.Jul.2018) — Petrofac Limited signed an agreement to sell 49% of the Company’s operations in Mexico(1)(2), including Santuario, Magallanes and Arenque, to Perenco (Oil & Gas) International Limited (“Perenco”). The transaction is subject to approval by the Federal Competition Commission of Mexico (COFECE), which is expected in Q4 […]
Paris Court Favors with Gold Reserve
(Gold Reserve Inc., 7.Feb.2017) – Gold Reserve Inc. announced that on February 7, 2017, the Paris Court of Appeal rejected all of Venezuela’s arguments and issued a judgment dismissing the annulment applications filed by Venezuela pending before the French courts in relation to the arbitral award dated September 22, 2014 […]
Petrobras Aims to Gas Reduce Faring by 60%
(Petrobras, 5.Jun.2015) – Brazil is now among the countries that best use their natural gas output. By significantly reducing gas flaring on its platforms, in Feb.2015 Petrobras achieved a record 96.5% gas usage rate in its exploration and production activities, considering total production in the fields operated by the company. […]