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(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 →
TotalEnergies EP Brasil will have a new General Director as of December. The Brazilian subsidiary will be headed by Charles Fernandes, who occupied the same position in the Netherlands. Philippe Blanchard, General Director in Brazil since 2018, will assume the direction of TotalEnergies Suriname. Charles is Brazilian and started his career at the French company... Continue Reading →
(Kaieteur News) Should the Stabroek Block partners receive the requisite government approvals for its fourth project called Yellowtail in a timely fashion, start-up is poised to commence as early as 2025. But following this, Guyana should expect to see one floating, production, storage, and offloading (FPSO) vessel being added to its offshore armada every year.... Continue Reading →
Nigeria's Seplat Energy along with a partner is in talks to buy ExxonMobil's shallow-water oilfields in the African nation, the company said on Monday, cautioning there was no certainty about the outcome. In recent years, Exxon has been exiting investments worth billions of dollars in oil and gas fields in Europe, Asia and Africa as... Continue Reading →
Marine seismic contractor PXGEO has completed the Sapinhoa 4D Baseline ocean bottom node program in the deepwater Santos Basin, offshore Brazil, for the BMS-9 consortium, which is controlled by Petrobras. The four-month project, which used PXGEO's Manta OBN technology, was on time around the end of October 2021. "The PXGEO COVID-19 mitigation measures were fully... Continue Reading →
(Reuters) - The Biden administration proposed a slew of changes on Friday to the nation's federal oil and gas leasing program, including hiking fees on drilling companies and limiting their access to sensitive wildlife and cultural zones. The recommendations followed a months-long review aimed at ensuring drilling on federal lands and waters benefits the public.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media about the signing of the final transfer of the Landulpho Alves Refinery (RLAM) to Mubadala, clarifies that, as disclosed on 03/24/2021, it signed with MC Brazil Downstream Participações, a company of the Mubadala Capital group, a contract for the sale of the company's... Continue Reading →
The auction of surplus volumes from the transfer of rights in the areas of Sépia and Atapu, in the Santos Basin pre-salt, represents, for the oil companies, immediate access to projects in the operational phase and may, depending on the results, attract two new producers. Among the eleven companies qualified for the round, scheduled for... Continue Reading →
Offshore oil and gas exploration projects are expected to double the growth of well intervention market, as operators seek to increase production from existing fields amid skyrocketing oil and gas demand. Fact.MR expects the global well intervention market to reach $7.1 billion in 2021 with an increase of 7 per cent CAGR between 2021 and 2031, thus, surpassing $14... Continue Reading →
