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A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter. The Suezmax vessel Yannis P, loaded with about 1 million barrels of Liza light sweet crude was bound for... Continue Reading →
BP signed an agreement with Angola aimed at acquiring oil further exploration rights, state news agency Angop reported, the latest in a flurry of agreements between oil majors and Africa's second-biggest exporter. The deal with the country's petroleum regulator ANPG defines the terms for a risk-sharing contract on offshore oil block 18/15 and was signed... Continue Reading →
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transition, and failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability, the International Energy Agency said Tuesday. The oil and gas industry now needs to make clear what clean... Continue Reading →
Companies in the oil and gas sector are optimistic about their ability to achieve their financial targets for 2020, according to a survey from standards agency DNV GL. While the sector’s growth hangs in the balance for 2020, oil and gas leaders are optimistic that they will weather the storm, drawing on hard-earned cost efficiencies... Continue Reading →
Offshore support terminal operator Brasco, a Wilson Sons Group company, has partnered with APM Terminals Pecém to set up a temporary logistics base at the Pecém Industrial and Port Complex. It will be the first offshore port support operation to take place in Ceará, Brazil, APM Terminals said Monday. Scheduled to start in the first... Continue Reading →
There’s a shake-up happening in the pipeline inspections business. More evolved remotely operated vehicles (ROV), digital aspirations and unmanned surface vessels (USV) are driving a new era of data acquisition and deliverables. It’s offering something of a revolution in the amount of new insights that operators can acquire on their pipelines, while reducing offshore campaign... Continue Reading →
The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday. Exxon has so far made 15 discoveries of oil reserves in Guyana, turning a risky exploration venture into one of the world's most... Continue Reading →
Jan 17, 2020 Cosan has applied for a license to build the second stage of the Rota 4 gas pipeline. The project will increase the transport capacity of gas production from the pre-salt fields, according to a document published by IBAMA. Cosan wants to build the 313 km pipeline that will connect the Carcará and... Continue Reading →
Norwegian oil and gas company Equinor has installed the Peregrino C platform on the Peregrino field located offshore Brazil ahead of productio startup planned for later this year. Equinor, the operator of the Peregrino field, on Friday launched a video with highlights from the installation of the platform’s two largest modules – the main support... Continue Reading →
Jan 17, 2020 The ANP signed a contract with Ecology to prepare the Environmental Study of Sedimentary Area in the offshore part of the Sergipe-Alagoas / Jacuípe Basin. It will also be proposed an action plan for studies and research and monitoring, in order to expand the socio-environmental knowledge of the Basin and present data... Continue Reading →
