(PetroleoHoje) Cade approved two 3R acquisitions in the Potiguar Basin: the purchase of shares issued by Duna Energia, which will make the oil company a full subsidiary of 3R, integrating the Ponta do Mel and Redonda fields in the portfolio; and the acquisition of a 50% stake in Galp in the Sanhaçu field. Both operations... Continue Reading →
Premier Oil returns last exploratory asset in Brazil
(PetroleoHoje) Premier Oil do Brasil ended its exploratory activities in the country in September. After eight years working in Ceará, the oil company delivers the last exploratory asset in the portfolio. The oil company returned its last block, CE-M-717, in the Ceará Basin, acquired in the 11th Round, as part of the group's global restructuring... Continue Reading →
Drydocks Starts Conversion Works on Perenco’s Brazil-bound FSO
DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco. As part of the extensive modification and life extension work at the FSO Pargo project, Drydocks will apply a new hull coating, which... Continue Reading →
Repsol raises low-carbon targets to speed up energy transition
(Reuters) - Spain's Repsol (REP.MC) raised its targets for building new renewable generation capacity and cutting emissions from its oil and gas business on Tuesday as part of a bid many in its sector in Europe are making to stave off global warming. The company said it now plans to have installed wind, solar and hydro plants... Continue Reading →
West Africa’s Deepwater Rig Utilization Could Triple by 2022
(OE) Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region. Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market. However, the final point in the golden triangle, West Africa, has struggled with sluggish growth, with current... Continue Reading →
PETROBRAS RESUMES PRODUCTION AT THE MANATI FIELD
Over the weekend, Petrobras resumed production from the Manati field, off the coast of the state of Bahia, after completing the repair of the pipeline located between the compression station and the field's gas treatment station. As the market is aware, a small gas leak in the onshore part of this pipeline caused the shutdown... Continue Reading →
EXCLUSIVE Commodity traders face big margin calls as gas prices soar
(Reuters) - The world's top commodity trading houses are being told by brokers and exchanges to deposit hundreds of millions of dollars in extra funds to cover their exposure to soaring gas prices, seven sources with direct knowledge of the matter told Reuters. Glencore, Gunvor, Trafigura and Vitol are among the commodity merchants facing what... Continue Reading →
SHELL IN A NEW CAMPAIGN AT PARQUE DAS CONCHAS
(PetroleoHoje) Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin, with arrival scheduled for the weekend. In addition to the intervention program, Shell's new campaign will include the drilling of two wells, one infill in BC-10 and the... Continue Reading →
Petrobras on expression of interest in the Búzios field
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/29/2021, informs that the partner CNODC Brasil Petróleo e Gás Ltda. (CNODC) has not expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in... Continue Reading →
Petrobras releases teaser of E&P assets in the Gulf of Mexico
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the Gulf of Mexico. The teaser,... Continue Reading →
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