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Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned energy giant Petronas, has exercised the option for Noble Corporation’s Noble Voyager drillship to drill one additional well offshore Suriname. The 7th generation drillship Noble Voyager will remain a little longer for drilling operation in Block 52 offshore Suriname at a day rate of $470,000. The contract... Continue Reading →
(Reuters) - Top oilfield services company SLB (SLB.N), opens new tab said on Tuesday it will buy smaller rival ChampionX (CHX.O), opens new tab in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector. Oilfield service providers have followed energy producers in pursuing deals as they navigate operational and pricing challenges while... Continue Reading →
(Zacks)The year 2024 comes as a period of strong growth and significant opportunities in the ever-changing landscape of the oil and gas industry. WTI crude prices have risen above the $80 mark owing to a combination of factors contributing to a tighter global supply. Geopolitical tensions in the Middle East and an escalating conflict between... Continue Reading →
(Reuters) - Commodity trader Trafigura has agreed to pay about $127 million to resolve a probe into bribes paid to Brazilian officials to secure oil contracts, the U.S. Department of Justice and the firm said on Thursday. Trafigura Beheer BV, the parent company of Trafigura Group during the relevant period, has agreed to pay a... Continue Reading →
(OE) SLB has agreed to combine its carbon capture business with Aker Carbon Capture (ACC). The combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. SLB says it will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial,... Continue Reading →
(Reuters) - Several offshore wind developers are on track to bid in the combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola (IBE.MC), opens new tab, Engie (ENGIE.PA), opens new tab and Orsted (ORSTED.CO), opens new tab. The U.S. offshore wind industry is booming so far in 2024, with several projects in various... Continue Reading →
(Reuters) The global market for offshore wind projects is improving with governments and companies now offering high enough prices to make projects economically viable, the CEO of Portugal's largest utility Energias de Portugal (EDP) said on Tuesday. Many countries are relying on a huge and rapid build-out of offshore wind farms to meet climate targets... Continue Reading →
(Reuters) - Mexican state energy company Pemex hopes to access financing at more favorable rates with a sustainability plan laying out its commitments to bring down emissions, the company's chief financial officer said Monday. Bond investors, which hold the vast majority of Pemex's financial debt, totaling more than $100 billion, have long considered the company... Continue Reading →
(Reuters) - PetroChina's (601857.SS), opens new tab, net profit rose 8.3% last year off record levels in 2022, as strong growth in natural gas sales and its marketing segment offset lower realised oil prices. PetroChina's net profit amounted to 161.1 billion yuan($22.34 billion) in 2023, versus 148.7 billion in 2022, while revenue fell 7.0% to 3,239... Continue Reading →
(JPT) Brazilian independent Enauta has agreed to sell a 20% participating interest in the BS-4 concession, which includes the Atlanta and Oliva fields, to Westlawn Americas Offshore (WAO) for $301.7 million. WAO is a portfolio company of Westlawn Group LLC and owns various interests in the Gulf of Mexico offshore basins. Enauta said the sale... Continue Reading →
Brazil Energy Insight 