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U.S. oil major ExxonMobil has awarded a two-year contract for Valaris' drillship Valaris DS-9 for operations in Angola. The drillship, formerly known as Ensco DS-9, will work for ExxonMobil's Angolan subsidiary Esso Exploration Angola. Delivered in 2015 by Samsung Heavy Industries in South Korea, the drillship is currently preservation stacked in the Canary Islands, Spain.... Continue Reading →
Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to invest in wind and solar. Among a dozen U.S. fund managers contacted by Reuters from companies overseeing about $7 trillion in... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”), following best corporate governance practices, informs its shareholders and the market in general of the start of production of the TBMT-10H well, in the Tubarão Martelo Field (“TBMT”), with initial production of approximately 3,800 barrels of oil per day, still in the assessment period. The TBMT-10H well was drilled... Continue Reading →
(Reuters) - Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said. The production storage and offloading (FPSO) facility is expected to add 220,000 barrels per day (bpd) of oil capacity to Guyana's current 120,000-bpd output when it... Continue Reading →
(Reuters) - BP's trading team made at least $500 million in the third quarter of 2021, two sources with knowledge of the company's trading results said, as the energy major benefitted from a gas crisis that has left consumers and industries smarting. Natural gas and power prices soared to an all-time high in Europe and... Continue Reading →
(PetroleoHoje) Galp's recently acquired solar energy projects in Brazil should require investments between €500,000 and €700,000 per MW, informed the company's executive director, Andy Brown, at an investor conference on Monday. “But we expect to get 65%-70% financing as well, so the equity contribution is much smaller,” he said. Located in Bahia and Rio Grande... Continue Reading →
Pre-Sal Petróleo published in the Official Gazette of the Union, the notice of the 3rd Union Oil Auction, which will sell more than 55 million barrels of oil owned by the Union in the fields of Búzios, Sapinhoá and Tupi and the Mero Development Area. The auction will take place at B3 on November 26th.... Continue Reading →
Oil and gas producer Wintershall Dea's most closely watched measure of earnings more than doubled in the third quarter, it said on Tuesday, benefiting from soaring oil and gas prices and spending cuts. The company, owned jointly by BASF and Russia's LetterOne, posted earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX) - a... Continue Reading →
(OE) The world’s FPSO fleet is getting older, with 55 FPSO units in the global fleet reaching the end of their design life in the next five years, with an additional five having life extension in place. With 19 more FPSOs currently being evaluated for life extension, safety issues and structural integrity concerns come to... Continue Reading →
The Board of Directors of 3R Petroleum has approved the holding of a public offering of the company's shares. The offering is scheduled for November 4th. -- There will be a primary offering of 36.5 million new shares, with limited efforts, but with the possibility of placing an additional 29.2 million shares. In addition, 3R... Continue Reading →
