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(Reuters) - A natural gas project to be developed in Venezuelan waters by Shell (SHEL.L) and Trinidad and Tobago's state firm National Gas Company (NGCTT.UL) could achieve first output in the next two years if a positive investment decision is made, Trinidad officials said on Friday. Venezuela and Trinidad on Thursday signed a 30-year license granting Shell... Continue Reading →
(PN) The Norwegian oil company Equinor signed a letter of intent with the Brazilian construction company Azevedo & Travassos (A&T) for the works on the 4.5 km onshore section of the gas pipeline that will transport production from the Raia Project, in the Campos Basin. Construction will be carried out in Macaé (RJ), under the... Continue Reading →
(OE) Offshore drilling contractor Noble Corporation has secured a contract with Petrobras for the semi-submersible rig Noble Discoverer to provide drilling services offshore Colombia. The contract has a firm duration of 400 days, with expected start in Q2 2024. According to Noble, the contract further contains an option to extend the duration by 390 days.“We... Continue Reading →
(OGJ) Argentina’s Tecpetrol plans to produce 100,000 b/d of crude oil through Vaca Muerta projects Puesto Parada and Los Toldos II, said Ricardo Markous, chief executive officer. The company—which revolutionized the gas market in Argentina with the Fortín de Piedra field in Vaca Muerta where it has invested about $3.5 billion and produces a peak... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further to the announcements made on May 24, 2022 and August 5, 2022, informs that, after complying with internal governance procedures, it has signed a new amendment to the natural gas purchase agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB). The amendment signed today changes the delivery profile of the total... Continue Reading →
(OET) Uruguay’s state-owned energy company ANCAP has tucked a new milestone under its belt with the signing of contracts for four offshore blocks with three oil and gas players in line with the framework of the Open Uruguay Round that has been in force since 2019. As a result, the UK-headquartered Shell, the U.S.-based APA Corporation, and... Continue Reading →
Venezuela has begun contacting energy firms involved in an long-idled offshore gas project to push them to begin new exploration and operations near its maritime border with Guyana, five people close to the talks said. The request to act on blocks that have not been touched in more than a decade comes amid an escalating... Continue Reading →
Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine (WOM), has entered into a memorandum of understanding (MoU) with Nigeria National Petroleum Corporation (NNPC) for the development of a floating LNG project in Nigeria, targeting the international LNG market. Wison and NNPC signed the MoU at COP28 in Dubai on December 6, 2023.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed new natural gas contracts with Companhia Distribuidora de Gás do Rio de Janeiro (CEG) and CEG RIO S.A. (CEG RIO) and that their effectiveness will begin on 12/01/2023, as a result of compliance with the conditions agreed between the parties, following the signing of an... Continue Reading →
(Reuters) - Colombia's state-run oil company Ecopetrol (ECO.CN) will invest between $5.7 billion and $6.7 billion and produce up to 730,000 barrels per day equivalent (boepd) in 2024, it said in a statement. A majority of that spending, about $4.8 billion, will go toward keeping production between 725,000 and 730,000 boepd, the company's refineries at between 420,000... Continue Reading →
