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(Reuters) - The transition team for Brazil's President-elect Luiz Inacio Lula da Silva sees no need for any emergency move at state-run oil company Petrobras (PETR4.SA), sources said on Monday, after a meeting between Lula's team and the firm's top management. The state-run oil company briefed Lula's transition team on fuel pricing policy, according to the... Continue Reading →
Sweden-based Maha Energy has signed a binding term sheet regarding a business combination with DBO 2.0 S.A. (“DBO”) for a consideration of 36,775,410 new shares in Maha. According to Maha, DBO is a private upstream oil and gas company focusing on mature offshore fields in Brazil formed in 2017. The company says that DBO has... Continue Reading →
The director of production development at Petrobras, João Henrique Rittershaussen, declared that the tender for contracting the P-81, foreseen for the Sergipe Aguas Profundas project (SEAP 1), will be launched in the coming months. This time, the bidding will gain a new format compared to the previous process and will be carried out under the... Continue Reading →
Total production for October was 4.180 million barrels of oil equivalent per day (boe/d), of which 3.245 million barrels of oil per day (bbl/d) and 148.747 million cubic meters of natural gas per day (m3/d ). In oil, there was an increase of 3.1% compared to the previous month and 16.8% compared to October 2021.... Continue Reading →
Thanks to the award of an integrated field support vessel (FSV) contract, Norway’s DOF Group has secured multiple new jobs in the Atlantic region with an undisclosed operator in West Africa. DOF disclosed on Monday that the duration of this contract is 365 days. However, the deal also entails optional 365 days. Under the terms of... Continue Reading →
(OET) Australia’s oil and gas company Karoon Energy has completed the drilling of two wells at a field, located in the Santos Basin offshore Brazil. The first oil from this field, which will be developed as a subsea tie-back, is slated for the first quarter of 2022. Karoon hired a rig in April 2021 to perform well... Continue Reading →
As deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, Wood Mackenzie, an energy intelligence group, has outlined in its global upstream report the drivers of deepwater’s rapid growth, along with the challenges and opportunities the sector offers and faces. Wood Mackenzie disclosed last week that... Continue Reading →
(OM) Seadrill has issued an update on is global offshore rig fleet. The benign environment semisub has started a program for Talos Production in the US Gulf of Mexico. West Tellus and the reactivated West Jupiter are both preparing to start contracts for Petrobras offshore Brazil. In the Norwegian sector, the harsh environment semisubs West Elara and West Phoenix are working respectively for... Continue Reading →
(Reuters) Norwegian energy firm Equinor's renewables business faces rising supply chain bottlenecks and strong rivalry for new projects, but will not compromise on its 4-8% investment return target, the head of the unit told Reuters. While still largely an oil and gas producer, state-controlled Equinor is investing heavily in offshore wind, securing permits in Britain,... Continue Reading →
(epbr) Independent operators that bought upstream assets in the Petrobras divestment process will invest US$ 10 billion in the projects until 2027, increasing the production of these assets, which should reach a peak of 485 thousand barrels per day in five years. A report released by Wood Mackenzie studied the production projects of the companies... Continue Reading →
