Sept. 26 - Petrobras signed a memorandum of understanding (MoU) with Mozambique's Empresa Nacional de Hidrocarbonetos (ENH) to establish the foundation for strategic cooperation between the companies in the oil and gas sector. The agreement's objectives include joint efforts in studies, assessment, development, and commercialization, as well as knowledge sharing and the exchange of technical... Continue Reading →
BP eyes Devon Energy asset amid renewed US M&A ambitions, sources say
Sept 24 (Reuters) - BP is weighing a potential acquisition of Devon Energy's operations in South Texas as part of renewed efforts by the British supermajor to grow its shale asset base in the US, people familiar with the matter said. After years of prioritizing investments in renewable energy and leadership churn that included five... Continue Reading →
TotalEnergies board backs CEO Pouyanne’s mandate renewal
Sept 25 (Reuters) - TotalEnergies said on Friday its board unanimously backed the renewal of Chairman and CEO Patrick Pouyanne's mandate and reaffirmed the relevance of the energy major's strategy ahead of its investor update scheduled for Monday. In May, investors had overwhelmingly approved lifting the age limits for its chair and CEO roles, paving... Continue Reading →
Colombia’s Ecopetrol taps presidential ally as CEO
Sept 24 (Reuters) - Colombia's state-controlled oil company Ecopetrol tapped businessman Joaquin Gutierrez as chief executive, the company said on Thursday, giving one of the country's most important corporate jobs to a close presidential ally with no known background in the energy sector. Gutierrez, a former campaign manager for President Abelardo De La Espriella with... Continue Reading →
Shell, Trinidad’s NGC agree on Aphrodite gas supply terms, clearing way for project
Sept 23 (Reuters) - British energy major Shell and Trinidad and Tobago's National Gas Company have agreed terms for natural gas supplies from Shell's Aphrodite field, ending a pricing dispute that had delayed the project, NGC Chairman Gerald Ramdeen told Reuters on Wednesday. The agreement clears the way for development of the offshore field, with... Continue Reading →
Brazil’s Petrobras may include Colombia gas project in 2027-2031 plan, exec says
Sept 23 (Reuters) - Brazil's state-run oil firm Petrobras may include the Sirius offshore gas project in Colombia as part of the production curve to be unveiled in its 2027-2031 business plan later this year, a company executive said on Wednesday. "I think it should appear (in the business plan) if we get the environmental... Continue Reading →
Porto do Açu and Perenco Brasil sign agreement for first offshore electrification project in the Campos Basin
Sept. 23 (TN) Porto do Açu and operator Perenco Brasil signed a Letter of Intent (LOI) for the development of the first offshore platform electrification project in the Campos Basin. The agreement entails supplying power from shore to Perenco’s units at the Pargo and Cherne Hubs—located in shallow waters—via an 80-kilometer subsea cable connected to... Continue Reading →
Guyana’s Yellowtail production ramp-up expected before year-end
Sept. 22 (oilnow.gy) Production from Guyana’s Yellowtail development in the Stabroek Block is expected to ramp up further before year-end, with ExxonMobil studying an optimization that could lift output from the ONE GUYANA floating production, storage and offloading (FPSO) vessel to around 290,000 barrels per day (b/d). The move to increase Yellowtail’s production by about... Continue Reading →
Halliburton signs Venezuela energy pacts with Eneva, WESCA
Sept 21 (Reuters) - Halliburton has signed memorandums of understanding with Brazilian energy company Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, the U.S. oilfield services provider said on Monday, as companies seek a potential revival of investment in the country's long-underdeveloped energy sector Companies with existing positions in Venezuela, as... Continue Reading →
Lessons for Guyana’s next oil auction: Faster awards, seismic data
Sept. 21 (oilnow.gy) Guyana’s first competitive offshore licensing round attracted global energy companies and tested stronger fiscal terms. However, the government will need to improve the speed, certainty, and data supporting the process before offering more blocks. The government has indicated an interest in another licensing round as it seeks to widen exploration beyond the... Continue Reading →