AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers.
W. Africa Crude-Angolan Oil Trades on Spot
Nigerian crude sells into tenders, while Angolan trades more quickly on spot. * ExxonMobil had purchased two of the three Olombendo cargoes sold this week, traders said. * All three are likely to sail to the Mediterranean or the United States rather than China, the usual destination.
UPM May Build New Biofuel Plant in Finland
Pulp and paper maker UPM is looking at building a new renewable fuel plant in Finland, it said on Monday, part of efforts to find new sources of growth in response to falling paper demand in Europe. UPM is the world's largest maker of graphic papers such as newsprint and magazine paper…
Long wait Ends for Big Oil as Mexico Auctions Prized Blocks
Mexico will on Wednesday offer foreign energy firms the right to drill beneath prized deep waters in the Gulf of Mexico that may contain billions of barrels of oil, the climax of an historic energy reform just five months before a presidential election.
Mexico's Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms
Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks. Mexico will on Wednesday hold its…
BP in South American Venture with Bridas
British oil major BP has agreed to merge its interests in South American oil company Pan American Energy (PAE) with refiner and fuel retailer Axion Energy in a new joint venture with Axion's owner and PAE partner Bridas Corporation.
Argentina Authorizes Natural Gas Exports to Uruguay
Argentina's government authorized the export of up to 350,000 cubic meters (12.4 million cubic feet) of natural gas per day to neighboring Uruguay for the next two years, its official gazette said on Wednesday. Argentina is seeking to…
Uruguay to Tender 17 Offshore Blocks for Exploration
Uruguayan state oil company Ancap said on Tuesday it will tender 17 off-shore blocks for exploration in areas up to 3,000 meters deep, with offers to be presented in April 2019. The tender, called Uruguay Round III, will be launched in Houston in September.
MOL Invests in Self-Elevating Platform Vessel Operator
Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL…
Shell's Search for Oil Moves Closer to Home
In the waters off Malaysia, Royal Dutch Shell is finding gas quickly and cheaply to replenish depleting fields where only a few years ago geologists had lost hope of discovering any new reserves. The Anglo-Dutch group is combining the…
Fugro Supports Total Ultra-Deep Water Drilling Campaign
Fugro has been awarded a contract by Total E&P Uruguay B.V. to support its drilling campaign offshore Uruguay. The contract provides for ROV and tooling services in the Raya-1 field in 3,400 meters water depth. Fugro is supplying two…
Costa Silva Elected to Petrobras' Board
Petrobras Board today elected Mr. Nelson Luiz Costa Silva as Director of Strategy, Organization and Management System of the Company. Nelson Luiz Costa Silva graduated in Naval Engineering at the Polytechnic School of the University…
MOL Clinches FSRU Charter Deal
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) today announced that Lakler S.A., 100% subsidiary of MOL has officially agreed to conclude a charter contract, with an eye toward reaching a final deal in June this year…
Statoil Strengthens its position in Uruguay
Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay. "With this transaction, we are increasing our exposure to the upside potential of this untested geological setting.
Statoil to Explore Offshore Uruguay
Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. This represents a new impact opportunity for Statoil and a new country entry.
La Jacinta: Uruguay’s First Utility-scale Solar Plant
Fotowatio Renewable Ventures B.V. (FRV), a developer of utility-scale photovoltaics (PV) solar power plants and part of Abdul Latif Jameel Energy and Environmental Services, has completed the construction of ‘La Jacinta’ solar plant in Uruguay.
Maersk Venturer to Drill for Total
Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the programme is USD 44m excluding mobilisation.
MOL, Gas Sayago to Continue Uruguay FSRU Project
Mitsui O.S.K. Lines, Ltd. today announced that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and regasification unit (FSRU) project led by Gas Sayago.
Vestas Receives a 50 MW Turbine Order in Uruguay
Danish wind turbine manufacturer Vestas Wind Systems said on Monday it had received a 50 megawatt turbine order for a wind project in Uruguay. The order was for 15 units of the V117-3.3 MW turbine for the Florida II project in Uruguay's region of Florida, Vestas said in a press release.
W. Africa Crude: Tenders Brighten Dull Market
Tender deals helped to liven up a lacklustre West African crude oil market on Thursday, though overall demand remained weak. Indian Oil Corporation bought four cargoes of West African oil, traders said, nibbling at an overhang of unsold…
