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(Reuters) - Colombia's majority state-owned energy company Ecopetrol said on Friday that it is in talks with U.S. oil major Occidental Petroleum to possibly buy a stake in CrownRock. Ecopetrol, in a statement, did not include additional details and added that a final decision on the size of the stake and the amount it could pay were... Continue Reading →
(Reuters) - Bolivian state oil firm YPFB will spend around $400 million to drill gas wells and build facilities at a recently discovered natural gas "mega" field, the company said on Thursday. Production at the Mayaya field, estimated to hold 1.7 trillion cubic feet (TCF) of natural gas, should kick off in three to four years, YPFB... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3), in accordance with CVM Resolution No. 44, informs its investors and the market in general that has signed a Memorandum of Understanding (“MOU”) with PetroReconcavo S.A. (“Petroreconcavo”) to evaluate the sharing of the natural gas flow, compression, measurement and processing infrastructure owned by 3R in... Continue Reading →
(Offshore-energy.biz) Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG has sealed a deal with Pan American Energy (PAE), a Latin American integrated energy company, for a multi-year use of a floating LNG (FLNG) vessel, which will leverage Argentina’s prolific natural gas resources, positioning the South American country for further LNG... Continue Reading →
(TN) On June 29th and 30th, Transpetro carried out the first oil transfer operation between ships (Ship to Ship) at the Port of Itaqui, in Maranhão. The company was already transshipping diesel and gasoline at the São Luís Terminal. With the operation, the Port of Itaqui returns to handling oil after 40 years, which demonstrates... Continue Reading →
(TN) ANP released today (2/7) the Monthly Oil and Natural Gas Production Bulletin for May 2024, which provides consolidated data on national production. This month, there was an increase in oil and natural gas production, and also in pre-salt production.Total production (oil + natural gas) was 4.234 million barrels of oil equivalent per day (boe/d).Regarding... Continue Reading →
(Reuters) BP's new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said. The moves, which have not previously been reported, are part of a decision by Auchincloss... Continue Reading →
(Reuters) - U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews. The share buybacks and dividends are needed to lure investors back... Continue Reading →
(PN) PetroReconcavo signed a contract to sell 50% of its stake in seven concessions to Mandacaru Energia (Ubuntu). The assets (Acauã, Baixa do Algodão, Fazenda Curral, Fazenda Malaquias, Pajeú, Rio Mossoró and Três Marias) are located in the Potiguar Basin, in the state of Rio Grande do Norte. The fields currently produce 390 barrels of... Continue Reading →
(OE) Danish wind turbine maker Vestas has united its Technology organization (CTO) and Manufacturing and Global Procurement organization (COO) into one Technology and Operations Organization (CTOO) to strengthen its approach within delivery of wind energy solutions. The united CTOO organization will become the foundation for one enterprise-wide industrial system within Vestas and will be headed... Continue Reading →
