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TotalEnergies said Monday it has made a significant new oil and associated gas discovery at the Krabdagu-1 well offshore Suriname. Made in the central area of offshore Block 58, the discovery follows previous discoveries at Maka, Sapakara, Kwaskwasi and Keskesi, and the successfully tested Sapakara South-1 appraisal well. Located 18 kilometers south-east of Sapakara South,... Continue Reading →
Oil production in Brazil started the year on a high, totaling 3.03 million barrels per day in January on average, an increase of 5.5% compared to the same month last year, with an increase in the pre-salt and of the post-salt, indicated data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In... Continue Reading →
(Reuters) - British bank Natwest (NWG.L) cut lending to clients in the oil and gas sector by 21% in 2021 and aims to limit it further as part of efforts to decarbonise its loan book and reach net-zero emissions, it said on Friday. Financial firms around the world are increasingly committing to the net-zero target as part... Continue Reading →
(OM) FPSOs have revolutionized deepwater E&P, enabling oil companies to produce oil in areas that were not previously economically viable. Following a challenging 2020, the FPSO market rebounded dramatically last year, with more contracts awarded in the second quarter of 2021 alone than during the entire 2020. Some estimates suggest the market could reach a... Continue Reading →
(Reuters) - Italy's Eni became the latest energy group to benefit from the oil and gas boom as it posted its best result since 2012 to provide cash to cover returns to investors and also fund its green drive. The group swung to an adjusted net profit of 4.74 billion euros ($5.4 billion) last year... Continue Reading →
(OE) Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry. Results of the talks with Middle East firms could lead Guyana to bar a consortium led by U.S.... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, comes to clarify the veracity of the article entitled “3R Petroleum devolve bloco na Bacia Potiguar” published on this date by a private platform for capital market investors (“News”). Regarding the News, the Company... Continue Reading →
In a conference with investors, the company's CEO, Roberto Monteiro, detailed some of the future steps of the oil company. On the exploratory side, the executive said that in March the company will start a new drilling campaign in the Campo de Frade field, in the Campos Basin. Also according to Monteiro, the campaign will... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted ExxonMobil the environmental license authorizing the activity of offshore drilling in six blocks of the Sergipe-Alagoas Basin (SEAL-M-351, SEAL-M-428, SEAL-M-430, SEALM-501, SEAL-M-503, SEAL-M-573). Ibama authorized the drilling of up to 11 exploratory wells. So far, ExxonMobil has guaranteed the drilling of two firm wells, with the others... Continue Reading →
Offshore drilling contractor Noble Corporation has secured more work for its drilling rigs, including a conditional award for four of its drillships working for ExxonMobil in Guyana. Looking ahead, the rig owner expects significant sequential growth in the upcoming two quarters with a continued upward trajectory in activity levels and day rates. Noble Corp. on... Continue Reading →
