Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/22/2022, informs that it has signed today with the company Seacrest Petróleo SPE Norte Capixaba Ltda., a wholly owned subsidiary of Seacrest Exploração e Produção de Petróleo Ltda., a contract for the sale of its total interest (100%) in a set of 4... Continue Reading →
Driven by deepwater projects, Sub-Saharan Africa set to see a boom in gas output – Rystad
Energy intelligence group Rystad Energy expects the gas output from Sub-Saharan Africa to double by 2030, driven by the development of offshore deepwater resources. Untapped natural gas supplies in Sub-Saharan Africa are set to be unleashed this decade, with output more than doubling from 1.3 million barrels of oil equivalent per day (boepd) in 2021... Continue Reading →
U.S. Offshore Wind Lease Sale Bids Top $1.5B, with More to Come
The largest-ever U.S. sale of offshore wind development rights - for areas off the coasts of New York and New Jersey - attracted a record $1.5 billion in bids on Wednesday, supporting President Joe Biden's plan to create a new domestic industry. The auction, which will continue on Thursday, is the first offshore wind lease... Continue Reading →
Saipem to Cut Costs, Focus on Traditional Offshore Business After Posting Core Loss
(Reuters) Italian energy services group Saipem pledged on Thursday to cut costs and focus more on its traditional offshore business after it reported a swing to a core operating loss for the last year. Saipem said its adjusted core earnings, or EBITDA, were negative to the tune of 1.192 billion euros ($1.34 billion). That compares... Continue Reading →
Venus 1-X Well: Total Makes ‘Significant’ Oil Discovery Offshore Namibia
French oil major TotalEnergies said Thursday it had made a significant discovery of light oil with associated gas on the Venus prospect, located in block 2913B in the Orange Basin, offshore southern Namibia. TotalEnergies said that its Venus 1-X well encountered approximately 84 meters of net oil pay in a good quality Lower Cretaceous reservoir.... Continue Reading →
China’s CNPC wins first oil drilling contract at Ecuador’s Ishpingo field
(Reuters) - The first contract for drilling at the key Ishpingo oilfield near Ecuador's Yasuni National Park has been awarded to China National Petroleum Corp (CNPC), energy minister Juan Carlos Bermeo told Reuters on Wednesday. The South American country, which is pushing legal reforms to win private investment through tax and job incentives, has also... Continue Reading →
Transocean negotiates an international charter with Petrobras
Transocean to sign a new charter contract with Petrobras. The company took the lead in the oil company's new request for quotation aimed at the international bid to carry out a drilling campaign in the Tayrona area, located offshore Colombia. According to PetróleoHoje, the two companies have already settled most of the commercial terms. The... Continue Reading →
U.S. to hold its biggest offshore wind auction
(Reuters) - The United States will hold its biggest ever sale of offshore wind development rights on Wednesday, in an area covering nearly half a million acres off the coasts of New York and New Jersey. It will be the first offshore wind lease sale under the administration of President Joe Biden, who has made... Continue Reading →
3R Petroleum Earnings Release 4Q21/2021
3R Petroleum Óleo e Gás S.A. (“3R”) is pleased to invite you to the fourth quarter and full year 2021 earnings conference, which will take place today, February 23, 2022, at 2:00 pm. To access the webcast, click here. To access all the material, including the Earnings Release and the Presentation that will be used... Continue Reading →
Nigeria Sues JP Morgan for $1.7B over Disputed Offshore Oil Deal
A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The civil suit filed in the English courts in 2017 relates to the purchase by energy majors Shell RDSa.L and Eni... Continue Reading →