(OE) The Dutch government on Friday said it would appoint gas grid operator Gasunie to oversee plans to develop a hydrogen network in the North Sea, Energy Minister Rob Jetten said in a letter to parliament. The Dutch government is due on Dec. 8 to debate in parliament over ambitious plans to shift much of... Continue Reading →
Yinson, Azule Energy in Angola FPSO Deal
Malaysian FPSO leasing company Yinson has agreed to start preliminary activities for the provision of an FPSO for Eni, BP JV in Angola, called Azule Energy. Under the agreement with Azule Energy, Yinson will kick off preliminary activities for the provision, operation, and maintenance of a floating, production, storage, and offloading asset for the Agogo... Continue Reading →
Maha Energy, DBO Sign Merger Term Sheet
Sweden-based Maha Energy has signed a binding term sheet regarding a business combination with DBO 2.0 S.A. (“DBO”) for a consideration of 36,775,410 new shares in Maha. According to Maha, DBO is a private upstream oil and gas company focusing on mature offshore fields in Brazil formed in 2017. The company says that DBO has... Continue Reading →
Brazil: ANP announced October oil production at 4.180 million boe/d, a record for the period
Total production for October was 4.180 million barrels of oil equivalent per day (boe/d), of which 3.245 million barrels of oil per day (bbl/d) and 148.747 million cubic meters of natural gas per day (m3/d ). In oil, there was an increase of 3.1% compared to the previous month and 16.8% compared to October 2021.... Continue Reading →
Karoon: Brazilian field on track for first oil in 1Q 2023
(OET) Australia’s oil and gas company Karoon Energy has completed the drilling of two wells at a field, located in the Santos Basin offshore Brazil. The first oil from this field, which will be developed as a subsea tie-back, is slated for the first quarter of 2022. Karoon hired a rig in April 2021 to perform well... Continue Reading →
Spain’s Repsol withdraws from two exploration blocks in Mexican Gulf
(Reuters) - Spanish energy company Repsol has received approval to withdraw from two oil-and-gas exploration areas in the Gulf of Mexico, the Mexican oil regulator said on Thursday, weeks after the company vacated three other spots. Repsol won the two blocks in a tender process in 2018, after an energy reform allowed companies other than... Continue Reading →
WoodMac: Deepwater oil & gas production on the rise steered by small number of players
As deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, Wood Mackenzie, an energy intelligence group, has outlined in its global upstream report the drivers of deepwater’s rapid growth, along with the challenges and opportunities the sector offers and faces. Wood Mackenzie disclosed last week that... Continue Reading →
Seadrill positive on offshore drilling outlook
(OM) Seadrill has issued an update on is global offshore rig fleet. The benign environment semisub has started a program for Talos Production in the US Gulf of Mexico. West Tellus and the reactivated West Jupiter are both preparing to start contracts for Petrobras offshore Brazil. In the Norwegian sector, the harsh environment semisubs West Elara and West Phoenix are working respectively for... Continue Reading →
Equinor Sticks to Renewables Profit Goal
(Reuters) Norwegian energy firm Equinor's renewables business faces rising supply chain bottlenecks and strong rivalry for new projects, but will not compromise on its 4-8% investment return target, the head of the unit told Reuters. While still largely an oil and gas producer, state-controlled Equinor is investing heavily in offshore wind, securing permits in Britain,... Continue Reading →
Independents will invest US$ 10 billion in upstream assets sold by Petrobras
(epbr) Independent operators that bought upstream assets in the Petrobras divestment process will invest US$ 10 billion in the projects until 2027, increasing the production of these assets, which should reach a peak of 485 thousand barrels per day in five years. A report released by Wood Mackenzie studied the production projects of the companies... Continue Reading →
Brazil Energy Insight 