Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that, as informed in a press... Continue Reading →
Tullow contracts Ghanaian Navy vessels to ensure safety in offshore fields
Tullow Ghana, a subsidiary of the oil and gas company Tullow Oil, and the Ghana Navy have entered into an agreement, which is expected to add an additional layer of safety and security in the Ghanian waters, allowing the company to continue operations in its offshore fields in the area. Tullow Ghana reported on Monday... Continue Reading →
Wintershall Dea Announces it Will Leave Brazil
The German oil company Wintershall Dea announced today (17) that it is leaving Brazil. The company, which holds stakes in nine exploratory licenses, said it would close all its operations in the country and close its office in Rio de Janeiro. This decision is the result of a very thorough analysis of the group's global... Continue Reading →
ABESPetro’s New Board Takes Office
The Brazilian Association of Petroleum Service Companies (ABESPetro) is under new management. Elected at the last Annual General Meeting last year, the new board took office on the 1st. January 2022. On the same date, the new members of the Supervisory Board and the Advisory Board took office. The new Executive Board is made up... Continue Reading →
SBM Offshore nominates Øivind Tangen as member of the Management Board
SBM Offshore is pleased to announce the proposed appointment of Øivind Tangen as Chief Operating Officer (COO) and member of its Management Board. Øivind Tangen (1973, Norwegian) has been working for the Company for 19 years and has a wealth of experience in engineering and operational roles, as well as in strategy and project execution.... Continue Reading →
TechnipFMC de-lists from Euronext, sells £100m stake in TechnipEnergies
TechnipFMC has decided to de-list from the Euronext Paris after selling off a chunk of its holding in spin-off firm TechnipEnergies. The firm said it has refocused as a “pure-play technology and services provider” and that a single listing on the New York Stock Exchange best suits it going forward. TechnipFMC completed a planned split with TechnipEnergies... Continue Reading →
China’s CNOOC Sets 2022 Output Target 10% above 2021 Goal
(OE) China's biggest offshore oil and gas producer, CNOOC Ltd, on Tuesday set its 2022 production target at 600 million-610 million barrels of oil equivalent (boe), 10% above last year's goal. The company targeted output of 545 million-555 million boe in 2021, though it expects to have beaten that, churning out an estimated 570 million... Continue Reading →
Shrink to Fit: The Year Big Oil Starts to Become Small Oil
(Reuters) Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed as the coronavirus pandemic hit travel and economic activity.Typically,... Continue Reading →
ExxonMobil unveils two more oil discoveries off Guyana
U.S. oil and gas giant ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 wells located in the prolific Stabroek block offshore Guyana. In a statement on Wednesday, ExxonMobil confirmed that the Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838... Continue Reading →
BW Ideol, Jera, ADEME Pen Investment Deal for Floating Wind Projects
BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects using BW Ideol’s patented Damping Pool technology over the next 5 years. JERA is Japan’s largest utility company, and ADEME... Continue Reading →
