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(OE) Equinor has established a new business area, combining renewables with its gas-to-power and energy storage units as it aims to capitalize of rising power demand. The announcement comes in response of growing power demand from electrification of society and industry, expansion of artificial intelligence (AI) and data centers, according to Equinor. The new power... Continue Reading →
(Reuters) Brazilian oil company Petrobras is set to hold a tender for a new production vessel for the country's pre-salt Buzios field in "the next few months," the state-run firm told Reuters on Tuesday. Reuters reported earlier in the day, citing sources familiar with the matter, that the tender would become public in 60 days.... Continue Reading →
(Reuters) Eni will continue to produce gas in Venezuela while engaging with the U.S. administration over a waiver to export oil from the Latin American country as payment for gas, the CEO of the Italian energy group said on Tuesday. Eni has been producing gas in Venezuela for the domestic market since 2022, but it... Continue Reading →
(eixos) Petrobras is expected to present the development plan for the ultra-deep water project to produce oil and gas in Sergipe, the Sergipe Deep Waters (Seap), by the end of April, said the state-owned company's executive manager for Gas and Energy, Álvaro Tupiassu, during a meeting of the Oil and Gas Technical Chamber (CTGás) of... Continue Reading →
(PN) National oil production in February totaled 3.488 million barrels per day (bbl/d), an increase of 1.1% compared to the previous month and 1.2% compared to the same month in 2024. The data was released by the National Petroleum Agency (ANP). Natural gas production registered 158.76 million cubic meters per day (m³/d). The value represents... Continue Reading →
(Reuters) - Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had forecast a five-year capital plan of about $56 billion, a 16% increase from its prior plan, with over... Continue Reading →
(OE) XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin. The Rovuma Basin, one of the largest gas discoveries in the past 15 years, has enabled ADNOC’s XRG access to LNG projects with a combined potential production... Continue Reading →
(OE) BP Trinidad and Tobago has taken the final investment decision (FID) for the Ginger gas development offshore Trinidad and Tobago, while marking the exploration success at its Frangipani well. Taking FID on Ginger and discovering gas at Frangipani are the latest demonstrations of upstream activity this year for BP, in line with its strategy... Continue Reading →
TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first... Continue Reading →
(Reuters) - Argentine energy company CGC announced on Friday that it will partner with state oil company YPF in a project located in the South American country's lucrative Vaca Muerta basin as a minority partner. In a statement, CGC said it will provide an unspecified amount of capital for the tie-up in Argentina's massive shale... Continue Reading →
