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(Reuters) - Peru's state-owned oil company Petroperu signed a license agreement on Tuesday to return to producing crude oil, starting at one of the country's largest oil blocks, with plans to invest $638 million in the site to develop new wells. Petroperu will take over Block 192, located in the Amazon near the border with... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that the production at Papa Terra Cluster has been temporarily interrupted, as of 25 February 2023, due to limitations in the energy generation and supply system... Continue Reading →
(Reuters) - Chevron Corp. (CVX.N) Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles. Soaring stock prices and cash levels at oil-focused U.S. energy majors has driven Wall Street talk of potential deals for European oil producers. Citi analysts in January speculated... Continue Reading →
(Reuters) - State oil company Pemex promised late last year that it would stop burning natural gas from a major field in southeast Mexico by mid-January, amid mounting pressure to improve its poor environmental record. But satellite data analyzed by scientists exclusively for Reuters - as well as a visit by reporters to the site... Continue Reading →
(Reuters) BP has decided to end the publication of the Statistical Review of World Energy after more than 70 years and will pass the benchmark report into the hands of the Energy Institute, an industry body, they said on Tuesday. The Statistical Review has been a go-to resource for the wider energy sector since it... Continue Reading →
Eni Angola, a wholly-owned subsidiary of Azule Energy, has awarded Malaysian FPSO operator Yinson with a contract to deliver a floating, production, storage and offloading (FPSO) asset for the Agogo field development located offshore Angola. Under the firm contract, Yinson will provide, operate and maintain the FPSO for the Agogo Integrated West Hub Development Project,... Continue Reading →
Brazilian oil and gas player Enauta has completed the preventive maintenance activities for a floating, production, storage, and offloading (FPSO) vessel, which is carrying out operations on a field offshore Brazil. Enauta disclosed on Monday, 27 February 2023, that the preventive maintenance of the water-cooling system of the FPSO Petrojarl I was concluded and the production at... Continue Reading →
(Reuters) Italian energy services group Saipem on Monday raised its earnings expectations for 2023 and the next few years after beating 2022 targets as its restructuring plan started to bear fruit. The company reported adjusted core earnings of 595 million euros ($631 million) on sales of 9.98 billion euros last year. This compares with the... Continue Reading →
(Reuters) Russia's Lukoil is in talks with Indian companies to sell its stake in the Pecan oilfield off Ghana, which could help to break an impasse in submitting development plans for the field, sources familiar with the matter said. Talks between Lukoil officials and Indian companies, including ONGC Videsh, the foreign investment arm of Oil... Continue Reading →
(Reuters) Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project, the Caribbean nation's energy minister said on Thursday. A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could... Continue Reading →
Brazil Energy Insight 