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Offshore drilling contractor Noble Corporation has revealed that its shareholders have endorsed its plan to merge with Maersk Drilling in an all-stock transaction almost unanimously, despite concerns, which were voiced by certain shareholders over this plan in the past. A short time after the two rig owners announced their business combination on 10 November 2021, Cyprus-based S.D.... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) informs its shareholders, investors and the market in general that, on May 10, 2022, the National Petroleum, Natural Gas and Biofuel Agency (“ANP”) approved the transfer of the concession agreements of 14 onshore production fields that form the Recôncavo Cluster (“Recôncavo Cluster”), owned by Petróleo Brasileiro... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 12/27/2021, informs that today it finalized the sale, together with Sonangol Hidrocarbonetos Brasil Ltda. (Sonangol), of all the stakes held by both companies in the onshore exploratory block POT-T-794, belonging to the BT-POT-55A concession, located in the Potiguar Basin, in the state of... Continue Reading →
(WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Department of Energy (DOE) is allocating funds and programs to the development of projects... Continue Reading →
(Reuters) - Colombia's government must promote exploration and production of hydrocarbons or face the end of self-sufficiency in both oil and gas by 2028, the country's private oil producers association said on Monday. Colombia's oil and gas industry is a major source of income and foreign exchange for Latin America's fourth-largest economy. The government of... Continue Reading →
(Reuters) - A joint venture formed by Canada-based firms CGX Energy (OYL.V) and Frontera Energy (FEC.TO) on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas condensate. "The joint venture encountered hydrocarbons in multiple zones," the companies said in a press release, following completion of drilling activities at... Continue Reading →
The government of Equatorial Guinea has granted an extension of the Production Sharing Contract ("PSC") for the offshore Block G until December 31, 2040, covering both the producing Ceiba and Okume Complex Fields, Panoro Energy, a partner in the project, said. Prior to the extension, the PSC expiry for the Ceiba Field was 2029 and... Continue Reading →
(Reuters) - Guyana is in "no rush" to draft a new production sharing agreement (PSA) for offshore oil development, its Natural Resources minister told Reuters, reversing a year-long drive to devise new rules for future output. The government of South America's newest crude oil producer said in 2021 it was planning a new agreement to... Continue Reading →
Offshore seismic data company ION Geophysical has completed reprocessing of the prestack time and depth imaging of over 62,000 km of legacy data acquired from the National Hydrocarbon Agency of Colombia (ANH) for its Colombia Caribe 2D reprocessing program. The Caribe Colombia Reprocessing project is a 2D multi-client program designed to improve understanding of the... Continue Reading →
(OE) Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects. OPEC and its allies, known as OPEC+, pumped 1.45 million barrels per day (bpd) -... Continue Reading →
