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Hurricane Ida's damage to U.S. offshore energy production makes it one of the most costly since back-to-back storms in 2005 cut output for months, according to the latest data and historical records. Ida's 150 mile-per-hour (240 kph) winds cut most offshore oil and gas production for more than a week and damaged platforms and onshore... Continue Reading →
(OE) Stronger hurricanes threatening the U.S. Gulf Coast energy hub are elevating the risks of oil spills from damage to area refineries, oil platforms and subsea pipelines, say experts. On Monday, the U.S. Coast Guard said it was investigating nearly 350 reports of spills in and along the Gulf after Hurricane Ida hit. Federal and state agencies... Continue Reading →
The Colombian Maritime Authority (DIMAR) has selected Fugro to carry out a joint environmental and exploration seep study in the Caribbean Sea. The project began in late August and is scheduled to complete in November. According to Fugro, the work will involve the acquisition, analysis and interpretation of seabed sediment samples and heat flow measurements... Continue Reading →
Mexican President Andres Manuel Lopez Obrador said on Monday his government is tackling the debt burden of state oil company Petroleos Mexicanos (Pemex) and hinted he would try to use funds from the International Monetary Fund (IMF) to do so. Asked at a regular government news conference how his government would help Pemex in the... Continue Reading →
(epbr) The ANP's Special Bidding Commission approved the registration of 3R Petroleum in the 17th bidding round, scheduled to take place on October 7th. The Round will offer exploratory blocks for oil and gas in the Campos, Santos, Potiguar and Pelotas basins. -- 3R's entry into the auction may indicate a broadening of focus on... Continue Reading →
TechnipFMC is selling 7.6 million Technip Energies shares through a private sale transaction with HAL Investments, the Dutch investment subsidiary of HAL Holding. The sale price of the shares in the sale is set at €11.15 per share, yielding total gross proceeds of €196.2 million. Upon completion of the sale, TechnipFMC retains a direct stake... Continue Reading →
(TNPetroleo) Wintershall Dea do Brasil Exploration and Production Ltda. is the eighth company registered for the 17th Bidding Round for the exploration and production of oil and natural gas, scheduled for October. 92 blocks with exploratory risk will be offered, with a total area of 53,93 thousand km², located in 11 sectors with high potential... Continue Reading →
(PetroNoticias) The Brazilian Institute for the Environment and Natural Resources (IBAMA) granted the operating license for Petrobras to carry out the multiazimuth 3D and 4D seismic survey activity in the Albacora, Marlim and Voador fields, in the Campos Basin. The license is valid for 4 months. The new survey could be carried out using the... Continue Reading →
(PetroNoticias) The Administrative Council for Economic Defense (CADE) approved the sale of Petrobras' 62.5% stake in the Papa-Terra field to 3R Petroleum. The $105.6 million transaction was announced in July this year. Of the total, US$ 6 million were paid in cash, while another US$ 9.6 million will be paid when the deal is closed.... Continue Reading →
The Program for the Improvement of Oil and Natural Gas Exploration and Production Tenders (BidSIM) came to the conclusion that it is "urgent" to change the law to allow the concession regime within the so-called pre-salt polygon . According to the final reports of the program, the measure is necessary to increase the attractiveness of... Continue Reading →
