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YPF announced today that a preliminary agreement was reached with Excelerate Energy for the charter of an LNG carrier, which will export Argentina’s excess LNG to the global natural gas market. Both parties will be executing the final agreement in the coming days, with the objective of starting operations the first week of September. "We... Continue Reading →
Dutch Heerema Fabrication Group has performed the last roll-up of the jacket structure for Equinor’s Peregrino C platform – to be installed at a location offshore Brazil – at its Vlissingen yard in the Netherlands. The Equinor-operated Peregrino oil field is located in licenses BM-C-7 and BM-C-47, approximately 85km offshore Brazil, in the Campos basin,... Continue Reading →
Anadarko Petroleum Corp (APC.N), in its last earnings report before shareholders vote on its sale to Occidental Petroleum (OXY.N), on Friday reported a quarterly profit that topped analysts’ estimates, as higher production offset lower prices for its oil. It reported a net loss on a $1 billion breakup fee paid to Chevron Corp (CVX.N). Anadarko... Continue Reading →
Weatherford announced a contract win with a Colombia, South America operator to migrate seven LOWIS sites, comprising 3,000 wells, to the Company's ForeSite Production Optimization software platform. Under the newly signed contract, the company will provide all maintenance and services for the software platform for five years, as well as all technical and production services... Continue Reading →
July 25, 2019 In an interview, the company's CEO Tim Hosking details plans for Bauna, Neon and Goia and confirms intention to expand presence in the country. Almost three years after the injunction that suspended Karoon's purchase of the Baúna field, the Australian oil company was finally able to acquire its first production asset in... Continue Reading →
Italian oil and gas company Eni saw its profit drop by 66% in the second quarter 2019 when compared to the same period last year. Eni reported on Friday that its adjusted operating profit for 2Q 2019 was €2.28 billion, down by 11% q-o-q and adjusted operating profit of €2.56 billion. Excluding the impact of... Continue Reading →
July 25, 2019 Compared to other countries and other infrastructure sectors (such as electricity, for example), the oil and gas sector makes little use of project finance and other domestic capital market instruments to finance itself, making capital investment more common by the shareholders of the concessionaires. However, this reality may change. After years... Continue Reading →
July 24, 2019 Wellbore Integrity Solutions (WIS) has applied to the CADE for authorization to acquire three Schlumberger businesses: Drilco (pipeline), Thomas Tools & Tubular Rental (tool rental and drill pipe) and Fishing & Remedial (equipment for debris removal in wells). The merger was published on Wednesday (24/7) in the Official Gazette. In the amount... Continue Reading →
July 24, 2019 ExxonMobil began the first technical visits to some of the rigs offered in its bid for chartering a drilling unit. The oil company's preliminary list includes at least five drillships: Ensco's DS-9, Constellation's Amaralina Star and Brava Star, and Seadrill's West Tellus and West Saturn. The vessels were offered at the best... Continue Reading →
July 24, 2019 The ANP is working to include deepwater assets in the permanent offer regime, the agency's managing director, Dedio Oddone, said on Wednesday. Among them are the Piranema field, which is part of Petrobras' divestment plan, and Moréia, returned by the state company to the ANP. During the inauguration of a robot for... Continue Reading →
Brazil Energy Insight 