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(OE) Oil and gas company BW Energy has been granted extension to the Golfinho license production phase to 2042 by the Brazilian oil and gas regulator ANP. The production phase under the Golfinho concession contract has been extended to 2042 from previously 2031, following ANP's approval of the company's field development plan in November 2024.... Continue Reading →
(OE) Italian offshore energy services firm Saipem has secured new offshore contracts in Middle East and Guyana, worth approximately $720 million. The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities for the repair of damaged subsea pipelines for a major client in Middle East. The duration of the project is expected to... Continue Reading →
(PN) GeoPark announced a reorganization of its portfolio, with repercussions on its operations in Brazil. The company revealed that it will sell certain “non-core” assets, as well as implement cost reduction initiatives to strengthen its position aiming at profitable, reliable and sustainable growth in the long term. One of the points of the reorganization involves... Continue Reading →
(PN) PRIO announces the drilling of the company's first greenfield project, the Wahoo field, in the Campos Basin. The announcement was made by the company's president, Roberto Monteiro, on his LinkedIn profile. "The project, which began this month, is a milestone in our strategy of developing mature fields through subsea connections (tiebacks) and reflects the... Continue Reading →
(OE) Global energy technology company SLB has secured a major drilling contract by Australian oil and gas operator Woodside Energy for its ultra-deepwater Trion development project, offshore Mexico. SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. The full... Continue Reading →
(Reuters)'U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain's foreign minister promised to defend Repsol's interests. President Donald Trump's administration told Repsol it had until May 27 to wind down its operations in the Southern American... Continue Reading →
(Reuters) - Utility firm Sempra will sell some energy infrastructure assets in Mexico and a minority stake in Sempra Infrastructure to fund its five-year capex plan of $56 billion, it said on Monday. In February, the company had forecast a five-year capital plan of about $56 billion, a 16% increase from its prior plan, with over... Continue Reading →
(OE) XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin. The Rovuma Basin, one of the largest gas discoveries in the past 15 years, has enabled ADNOC’s XRG access to LNG projects with a combined potential production... Continue Reading →
(Reuters) Australia's Woodside Energy said on Friday it would sell some assets in its offshore oil and gas project in Trinidad and Tobago to London-based Perenco for $206 million. The sale includes the Greater Angostura project's offshore production facilities and interests in the shallow water Angostura and Ruby fields, but excludes assets in the deepwater... Continue Reading →
(OE) BP Trinidad and Tobago has taken the final investment decision (FID) for the Ginger gas development offshore Trinidad and Tobago, while marking the exploration success at its Frangipani well. Taking FID on Ginger and discovering gas at Frangipani are the latest demonstrations of upstream activity this year for BP, in line with its strategy... Continue Reading →
Brazil Energy Insight 