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Oil major Shell is free to go ahead with its planned seismic surveys along the eastern coast of South Africa after the court dismissed an 11th-hour legal challenge by environmental groups which claim that the activities will cause irreparable harm to the marine environment in the region. The seismic survey, initially scheduled to begin on... Continue Reading →
FAR, an Australian oil and gas company that began drilling at the Bambo-1 exploratory well in Block A2 off the coast of The Gambia last month, said Monday the well had encountered oil traces but would have to be plugged and side-tracked after drilling was temporarily halted due to significant fluid losses. "FAR advises that the Bambo-1... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has secured long-term contracts for two of its platform supply vessels (PSVs) with Equinor for operations in Brazil. Solstad Offshore revealed on Monday that Equinor in Brazil has awarded the PSVs Sea Brasil and Far Scotsman new long-term contracts. Both vessels are contracted for two years with the beginning set for December 2021... Continue Reading →
(WO) Petroleos Mexicanos is replacing its finance chief as President Andres Manuel Lopez Obrador tightens his grip on the struggling state oil giant. In Pemex’s first C-suite shift under the current administration, the Mexican producer named risk management chief Antonio Lopez Velarde its chief financial officer, replacing Alberto Velazquez Garcia, who will run a new... Continue Reading →
3R PETROLEUM ÓLEO E GÁS (“Company”) (B3: RRRP3), pursuant to the provisions of Articles 74 and 157, Paragraph 4 of Law 6.404/76 and the provisions of Brazilian Securities and Exchange Commission (“CVM”) Resolution No. 44, dated of August 23, 2021 and in complement of the material fact published by the Company on August 27, 2021,... Continue Reading →
French oil major TotalEnergies said Friday it had started production from the CLOV Phase 2 in Angola, a project connected to the existing CLOV FPSO. Sitting approximately 140 kilometers from the Angolan coast, in water depths from 1,100 to 1,400 meters, the CLOV Phase 2 resources are estimated at around 55 million barrels of oil... Continue Reading →
The national production of oil and natural gas in October totaled 3,606 MMboe/d (million barrels of oil equivalent per day), with 2,777 MMbbl/d (million barrels daily) of oil and 132 MMm3/d (million cubic meters) of natural gas. There was a 7.4% reduction in oil production compared to the previous month and 3.3% compared to October... Continue Reading →
(Reuters) - Argentine state energy firm YPF (YPFD.BA) is close to signing a loan deal with a multilateral lender which could cover part of its $400 million debt obligations next year, its chief financial officer said on Thursday, which will free up funds for investment. Alejandro Lew said the loan would inject funds to balance out repayments... Continue Reading →
GranIHC, Ocyan and Sisnergy will sign contracts with Petrobras for maintenance and integrity services of 19 platforms in the Campos Basin. The deal is the result of the oil company's mega-bid, divided into four lots, the total value of which is R$ 1.97 billion. The signing of contracts should take place this week. GranIHC will... Continue Reading →
(PetroleoHoje) Petrobras has postponed the deadline for delivering the mega-bidding proposals for contracting the SURF system (underwater collection) for the 8th module in the Buzios field. The extension is the second granted by the oil company. Initially scheduled to take place on December 8th, the delivery of proposals is scheduled for December 22nd. The tender... Continue Reading →
