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(OET) Italy’s engineering, drilling, and construction services provider Saipem has tucked under its belt two new offshore contracts worth approximately $1.9 billion for work with ExxonMobil’s subsidiary ExxonMobil Guyana Limited and Equinor. As a result, the Italian player will carry out operations for the U.S. oil major in Guyana while the assignment with the Norwegian state-owned... Continue Reading →
(Reuters) - Brazilian state-run firm Petrobras (PETR4.SA) has filed requests to Brazil's competition regulator Cade to renegotiate terms that stipulated the company must sell some of its oil refining and natural gas assets, the company said on Tuesday. The terms, signed by the company in mid-2019, were part of a broad initiative by the government of then-president... Continue Reading →
(OET) U.S. offshore engineering and construction player McDermott has been awarded a limited notice to proceed in regards to an engineering, procurement, construction, and installation (EPCI) contract from Shell Trinidad and Tobago Limited, a subsidiary of the UK-headquartered energy giant Shell, for a gas development project offshore Trinidad and Tobago. According to McDermott, this limited notice to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras for the future and... Continue Reading →
(Reuters) - Venezuela is close to approving a license for Shell (SHEL.L) and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said. The license could set in motion a long-running effort by Trinidad to boost... Continue Reading →
(Reuters) Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia. The oil and gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase... Continue Reading →
(OET) France’s energy giant TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28. While the decarbonization engine is not running smoothly and needs to be tweaked to reach full speed, the oil... Continue Reading →
(PN) Petrobras guarantees that the construction schedule for the Rota 3 gas pipeline is on track. The long-awaited project, which will significantly increase the quantity of natural gas in the market, should begin operations in the second half of 2024. The information was presented by the executive director of Engineering, Technology and Innovation at Petrobrás,... Continue Reading →
(Reuters) - Mexican state energy company Pemex and U.S. liquefied natural gas (LNG) company New Fortress Energy (NFE.O) have terminated a deal to develop potentially the country's first deepwater natural gas project that was signed a year ago, two sources with direct knowledge of the matter said. Now Pemex wants to continue with the development of the Lakach... Continue Reading →
Oil and gas company Kosmos Energy said Monday it had increased its working interest to 90% and assumed operatorship of the "world-scale " Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field. According to Kosmos Energy, Yakaar-Teranga is one of the world’s largest gas discoveries in recent years... Continue Reading →
