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With Mexico's government insisting that energy companies increase oil and gas output before it auctions off more of the country's vast reserves or offers more partnerships with state-run Pemex, firms ranging from foreign majors to local players are scrambling to buy and sell blocks they already own. The negotiations are creating a dynamic secondary market... Continue Reading →
Atlas, the international recruitment and manpower management firm, said it would provide marine personnel across the Prosafe fleet of offshore accommodation rigs. Under the scope awarded after a tender procedure, Atlas will in January 2020 start providing manning services to Prosafe’s Safe Concordia semi-submersible accommodation rig when the unit will start a 120-day project offshore... Continue Reading →
As reported in late October, Noble started discussions with Shell to receive payout of the Noble Bully II contract and to acquire Shell’s interest in the Bully I and Bully II joint ventures. In an SEC filing on Tuesday, Noble said it had completed the previously disclosed transaction with Shell relating to the two joint ventures in... Continue Reading →
(Reuters) - The Chief Executive Officer of Engie’s Brazilian subsidiary said the French company group wants to acquire the 10% stake still owned by state-controlled oil company Petrobras SA in the natural gas pipeline company TAG. Mauricio Bahr told reporters in Rio de Janeiro the TAG investors group led by Engie will enter in talks... Continue Reading →
Dommo Energia in November 2018 executed an amendment to the OSX-3 charter agreement with the owner of the vessel, OSX 3 Leasing B.V., to extend the existing charter for a period of up to 20 years. The charter payment under the deal agreed last year was is $47.2 million per year – equivalent to a... Continue Reading →
Dec 02, 2019 The October pre-salt production increased by 4.6% over September, totaling 2.394 million barrels of oil equivalent per day (MMboe / d), with 1.905 million barrels per day (MMbbl / d) of oil and 77 , 6 million cubic meters per day (MMm3 / d) of natural gas. Compared to October 2018, the... Continue Reading →
In an update on Monday, Apache said that drilling operations on the Maka Central-1 well started in late September with an expected drill time of 30 to 60 days. This is Apache’s first of three committed wells in Block 58 offshore Suriname. The company said that, upon reaching a depth of approximately 6,200 meters, it... Continue Reading →
Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations. The finance ministry called a meeting of shareholders to discuss its proposal for the company to distribute 3.7 trillion pesos ($1.1 billion) in a special dividend. Since the Colombian... Continue Reading →
Nov 29, 2019 DOF Subsea reported Thursday that it has begun operations of the Skandi Commander, Skandi Chieftain and Skandi Olympia support vessels for Petrobras in the third quarter of this year. The duration of the contracts is three years, with the option of extension for two more. The vessels are RSVs, equipped with two... Continue Reading →
Nov 29, 2019 The president of the Brazilian oil company, André Araújo, says that any interruption in the bidding agenda would affect the operators and suppliers of the oil and gas chain. Shell considers Brazil an attractive country for the oil and gas industry, but the government must seek actions to maintain its attractiveness in... Continue Reading →
Brazil Energy Insight 