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TechnipFMC’s Takoradi base in Ghana has completed the assembly of its first subsea tree in five years, destined for Tullow Oil’s Jubilee South East development. The tree is the first of ten being manufactured in Dunfermline, the UK, then assembled and tested in-country for Tullow’s full field development (FFD) project. Besides tree assembly, a number... Continue Reading →
Colombia received bids for 30 blocks from seven companies during its latest oil and gas auction, the government said on Wednesday, as the Andean country looks to maintain energy self-sufficiency amid a drive to develop renewable sources. The bids have a combined estimated investment value of just over $148.5 million. Colombia counts on the oil... Continue Reading →
U.S. energy major ExxonMobil has finalized its corporate plans, which increase spending to $15 billion on greenhouse gas emission-reduction projects over the next six years while maintaining disciplined capital investments in its portfolio. Exxon has also increased its annual dividend payment for the 39th consecutive year. As explained by ExxonMobil on Wednesday, the plans support... Continue Reading →
TotalEnergies has spudded the Venus-1X offshore exploration well in Namibia's Block 2913B (PEL 56). The well, seen as potentially transformational for the Namibian oil industry, is being drilled in 3,000 meters water depth. The news of the drilling operation start-up was shared Wednesday by Impact Oil and Gas, which owns a 20% interest in Block... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/24/2021, informs that today it has completed the sale of the Landulpho Alves Refinery (RLAM) and its associated logistical assets, located in the state of Bahia, for MC Brazil Downstream Participações, a company of the Mubadala Capital group. After the fulfillment of all... Continue Reading →
Offshore accommodation rig provider Floatel International believes that the demand for accommodation rigs is starting to recover but, due to market oversupply, it still remains below levels in late 2019 before the Covid-19 pandemic, resulting in prices continuing to be under pressure. As a result, Floatel expects the overall utilisation of the accommodation fleet to... Continue Reading →
The FPSO Guanabara left Dubai Dry Docks shipyard destined to the Mero field, in the Santos Basin, where it will operate for the consortium formed by Petrobras, Shell, Total, CNOOC and CNPC. The Modec unit has already started mobilization procedures and will be brought in by tugboats. The estimate is that the trip will take... Continue Reading →
The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed. The survey conducted as part of a report by recruitment firm Brunel and Oilandgasjobsearch.com showed that 43% of workers want to leave... Continue Reading →
(Reuters) - Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, swung to a third-quarter profit on higher prices and demand, and forecast a modest recovery in demand. The company reported third-quarter profit of 16.3 billion ringgit, compared with a loss of 3.4 billion ringgit in the year-ago quarter. Revenue rose 50% to 61.8 billion... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/02/2021, informs that it signed today contracts with the company SBM Offshore for the chartering and provision of services of the FPSO Alexandre de Gusmão, the fourth definitive system to be installed in the Mero field, located in the pre-salt of the Santos... Continue Reading →
Brazil Energy Insight 