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Vessel utilization in the offshore oil and gas seismic data acquisition sector has reached pre-pandemic levels in the third quarter of 2021, Rystad Energy has found. Rystad, a Norway-based energy industry intelligence firm, said that, after several devastating quarters caused by the pandemic, the seismic fleet’s hibernation is now over, with around 68% of the fleet... Continue Reading →
BW Offshore may acquire another asset in Petrobras' divestment program. Industry sources confirmed to PetroleoHoje that the Norwegian oil company was recently selected as the preferred bider for the Golfinho cluster, a deep-water package in the Espírito Santo Basin. Although BW Offshore does not comment on the subject, the company's proposal would have been around... Continue Reading →
Harbour Energy, a London-listed oil firm created through a merger between Chrysaor and Premier Oil, has decided to exit the Sea Lion oil field development in the Falkland Islands. The company has a 60 percent stake in the oil field, with Rockhopper Exploration holding the remaining 40 percent stake. The field was discovered in 2010 by Rockhopper,... Continue Reading →
(Reuters) - U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body on which the companies have board seats, EITI said on Wednesday. Exxon and Chevron have declined to publicly disclose taxes and other payments they have made to... Continue Reading →
(PetroNoticias) Petrobras hopes to make progress soon with preparations for the start of production of the FPSO P-71 in the Itapu field, in the pre-salt of the Santos Basin. The state-owned company recently asked the Brazilian Institute for the Environment (Ibama) for a license to operate the platform vessel – which should start operating in... Continue Reading →
The construction of the world’s largest floating wind farm Kincardine, in the UK, is now complete, marking the start of the long-term Power Purchase Agreement (PPA) signed in 2018 between Kincardine Offshore Windfarm Ltd. (KOWL’s) joint venture and Statkraft. The floating wind farm features Principle Power-developed Windfloat semi-submersible foundations on which five MHI Vestas V164-9.5... Continue Reading →
Sept 22 (Reuters) - Brazilian authorities are investigating whether JPMorgan Chase & Co (JPM.N) played a role in an alleged bribery and money laundering scheme that dated back to 2011 and involved state-run oil company Petrobras, according to documents reviewed by Reuters and two law enforcement sources. So far, police have focused their attention on purchases of... Continue Reading →
(Reuters) - The Brazilian subsidiary of Royal Dutch Shell (RDSa.L) will invest 3 billion reais ($565 million) in renewable energy in the country through 2025, executives said on Tuesday. Most of the capex is related to solar energy projects, the executives said. The head of renewable development for Latin America, Gabriela Oliveira, said Shell has 2GW of... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the... Continue Reading →
Royal Dutch Shell Plc said on Monday it expected its crude transfer station in the Gulf of Mexico to be offline for repairs until the end of 2021 due to damages from Hurricane Ida. The facility, West Delta-143, serves as the transfer station for all the output from the company's assets in the Mars corridor... Continue Reading →
Brazil Energy Insight 