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SBM Offshore said in a first quarter trading update that the hull for the ‘ONE GUYANA’ floating production, storage, and offloading (FPSO) vessel has already been delivered. ‘One Guyana’ will deliver biggest daily production for new oil nation It is a Fast4Ward® multi-purpose floater (MPF) hull, under SBM Offshore’s industry leading Fast4Ward® program. “Engineering and... Continue Reading →
(PN)French company TotalEnergies notified the National Petroleum Agency (ANP) that it found evidence of oil and gas in block C-M-541, in well 1-TOT-2-RJS, in a water depth of 3,000 meters, in the Campos Basin. The drilling of the well Marolo-1 began at the end of last year. The activity was carried out by the Valaris... Continue Reading →
(Reuters) - Brazil's antitrust watchdog CADE said on Friday that the sale of state-run oil company Petrobras' (PETR4.SA) Reman refinery to fuel distributor Atem was approved with no restrictions. Brazil's antitrust watchdog CADE has approved the sale of state-run oil company Petrobras' (PETR4.SA) Reman refinery to Atem, two sources familiar with the matter said on Thursday. Petroleo Brasileiro SA,... Continue Reading →
(Reuters) - The Biden administration on Wednesday said it would scrap three planned sales of offshore oil and gas leases in Alaska and the Gulf of Mexico. In a statement, the Department of Interior said it was not moving forward with an auction for drilling rights in the Cook Inlet off the coast of Alaska... Continue Reading →
(Reuters) - France-based TotalEnergies and U.S. power company Duke Energy Corp (DUK.N) each won offshore wind leases in federal waters off the coast of North and South Carolina on Wednesday, the Interior Department said in a statement. The auction generated $315 million in winning bids, split between Duke at $155 million and TotalEnergies at $160 million. It... Continue Reading →
Shareholders of offshore drilling company Noble Corporation have approved the company's proposed plan to merge with the Danish offshore drilling firm Maersk Drilling. "...at the Extraordinary General Meeting of shareholders held today, shareholders approved all proposals related to the previously announced business combination agreement with [Maersk Drilling]," Noble Corp. said Tuesday. According to Noble Corp,... Continue Reading →
(Reuters) - Brazil's inflation slowed in April but still posted the steepest rise for the month in 26 years, pushing the 12-month figure to over 12% amid continued pressures on food and fuel, official figures showed on Wednesday. Consumer prices as measured by the benchmark IPCA index rose 1.06% in April, slightly above the 1.0%... Continue Reading →
(Reuters) - Colombia will prioritize signing contracts for oil and gas blocks with companies making greater strides to cut carbon emissions, a government official said on Wednesday, adding the country needs to assign an average of 10 blocks a year to maintain fuel self-sufficiency. Colombia's oil and gas industry is a major source of income... Continue Reading →
(Reuters) - Bidding for federal wind energy leases for two areas off the coast of North Carolina and South Carolina kicked off on Wednesday, with each attracting over $2.7 million. The sale - the second such offering this year - is part of the Biden administration's broad push to put wind turbines in federal waters... Continue Reading →
(Reuters) - Angola's crude oil production is forecast at an average of 1.14 million barrels per day (bpd) this year, down from 2021 production of 1.2 million bpd, but the country aims to fulfil its commitments to OPEC+, the oil minister said on Wednesday. "OPEC is still for us a very important forum and we... Continue Reading →
