(PN) New advances in Petrobras' exploratory program in the pre-salt layer. This week, the company began drilling the wildcat well in the Alto de Cabo Frio Central block, in the Santos Basin. The activity took place in a water depth of 1,831 meters, in well 1-BRSA-1383-RJS, within the Barra Velha formation. The Alto de Cabo... Continue Reading →
(Reuters) U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan. 14, its highest... Continue Reading →
TechnipFMC is proceeding with the voluntary delisting of its shares from Euronext Paris, following the partial spin-off of Technip Energies and the progressive selldown of its remaining ownership stake. After a comprehensive review of its strategic objectives, TechnipFMC said it has refocused as a pure-play technology and services provider to the traditional and new energies... Continue Reading →
Swedish floating wind tech firm Hexicon said Friday its Twin Hub stepping stone project had been awarded a marine license for the installation of an offshore floating wind demonstrator in the Celtic Sea. "Twin Hub floating demonstrator project in the Celtic Sea has now been awarded a marine licence, for a renewable energy test site... Continue Reading →
Equinor and BP on Friday announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1 offshore wind projects. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of... Continue Reading →
The Brazilian Association of Petroleum Service Companies (ABESPetro) is under new management. Elected at the last Annual General Meeting last year, the new board took office on the 1st. January 2022. On the same date, the new members of the Supervisory Board and the Advisory Board took office. The new Executive Board is made up... Continue Reading →
Rio de Janeiro, January 14, 2022 - Petróleo Brasileiro S.A. – Petrobras confirms the achievement of its production targets for the year 2021, with the following results: The highlights of 2021 were: • the start of production from FPSO Carioca, the first platform in the Sépia field, in the Santos Basin pre-salt;• own... Continue Reading →
(Reuters) - Oil futures rose on Friday on course for a fourth weekly gain boosted by supply constraints and a weaker dollar and despite sources saying China is set to release crude reserves around the Lunar New Year. read more Brent crude futures rose $1.16, or 1.4%, to a two-and-a-half month high of $85.63 a barrel... Continue Reading →
(Reuters) - Mexican state oil company Petroleos Mexicanos will take control of the Deer Park refinery in Houston, Texas on Jan. 20, three sources with knowledge of the matter said on Thursday. Royal Dutch Shell (RDSa.L) had agreed in May to sell its majority stake in the Deer Park refinery, which can process up to 340,000 barrels... Continue Reading →
TotalEnergies E&P Suriname, a subsidiary of the French energy major TotalEnergies, has decided to exercise its option for one additional well to be drilled by the Maersk Drilling-owned Maersk Valiant rig. Maersk Drilling reported on Friday that TotalEnergies’ Suriname branch has exercised an option to add the drilling of one additional well in Block 58... Continue Reading →
