Petrobras Still Eyes Production Below 2.6 MMboe/d in 2022
Brazil’s oil giant Petrobras expects production to average 2.6 MMboe/d in 2022 down slightly compared to an initial forecast of 2.7 MMboe/d laid out this time last year.
November 1, 2022
Lula Wins Brazilian Presidential Election, Petrobras Shares Sink
Former Brazilian President Luiz Inácio Lula da Silva won the second-round run-off election on Oct. 30 and—for a third time—will officially become the country’s next president.
October 31, 2022
Germany Inks FSRU Deal with Excelerate to Diversify Gas Supply
Although it relied on Russian gas imports for just above half of its gas supply prior to Putin’s military invasion in Ukraine, Germany is now pivoting heavily to FSRUs to diversify its supply.
October 28, 2022
UK’s New PM Rishi Sunak Plans to Ban Fracking Again
The U.K.’s new young Prime Minister Rishi Sunak gave his first speech this week promising to fix mistakes by the former minister while saying he’ll again ban fracking.
October 27, 2022
Hess Reports Higher Than Expected Q3 Production, Earnings
Hess reported strong production and financial results for the third quarter and expects capex to come in at $2.7 billion for the year with net production expected to average nearly 325,000 boe/d.
October 27, 2022
Latin America Can’t Solve Europe’s Energy Crisis in the Short-term
Europe’s current energy crisis is not likely to be solved by additional oil or gas to flow from Latin America or the Caribbean over the short-term, energy pundits said last week.
October 26, 2022
Colombia’s President Petro Says E&P Contracts Unchanged
Colombia’s President Gustavo Petro reiterates that his country’s oil and gas contracts have not changed amid speculation to the contrary.
October 21, 2022
Trinidad Has LNG Capacity But Needs Gas
Trinidad and Tobago has spare LNG capacity but lacks gas. Yet, amid that reality, the twin-island country is eyeing the potential to produce green hydrogen while boosting its energy supply from solar and wind sources.
October 20, 2022
UK Prime Minister Truss Quits after 45 Days at 10 Downing Street
The Prime Minister of the U.K. Liz Truss presented her resignation less than two months after assuming the post which was left void by the departure of Boris Johnson.
October 20, 2022
UK Aims to Boost Energy Security with Offshore Licensing Round
The U.K. aims to attract companies interested in exploring and developing 932 blocks offshore in the North Sea which may lead to over 100 licenses being awarded in hopes of ensuring “security of supply.”
October 20, 2022