(EV) Shell is harnessing talent from its offshore oil and gas division to progress two major Scottish floating wind farms. The supermajor’s UK business manager for offshore wind, Melissa Read says they are “transitioning across” a lot of upstream skill to propel the Marram and Campion projects. Both floating wind schemes were secured alongside partner ScottishPower Renewables, a subsidiary of... Continue Reading →
BRAZIL Oil Production Surpassed 4 Million beod in September
Brazil on its journey to increase oil and gas production. The country achieved an important achievement in September, when it produced 4.048 million barrels of oil equivalent per day – a value that represents 3.148 million barrels of oil and 143 million cubic meters of natural gas. This was the second time in its entire... Continue Reading →
P-68 breaks record oil production reaching more than 161 thousand barrels daily in the Berbigao and Sururu fields
The P-68 platform vessel, which operates in the Berbigão and Sururu fields, in the Santos Basin pre-salt, broke a daily production record on the 8th. According to a Petrobras statement, the platform produced a volume of 161,756 barrels of oil per day (bpd). This milestone was reached with the entry into production of the ninth... Continue Reading →
3R Petroleum September 22 production data
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for September 2022 in the assets that the Company holds participation. The Company is the operator of Macau, Areia Branca, Fazenda Belém, Rio Ventura, Recôncavo... Continue Reading →
EXCLUSIVE Carlyle prepares sale of Gabon oil firm Assala Energy -sources
(Reuters) - Private equity fund Carlyle Group (CG.O) is preparing to launch the sale of its Gabon-focused oil and gas producer Assala Energy, hoping to raise over $1 billion amid high global energy prices, industry sources said. Carlyle International Energy Partners, the fund's energy arm, first invested in Assala in 2017 when it acquired Shell's (SHEL.L) operations in Gabon... Continue Reading →
ANP approves revision of Karoon’s Bauna U$378MM Development Plan
(PN) The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Baúna field, presented by Australian Karoon – operator of the area. With the actions proposed in the plan, the oil company intends to invest around US$ 378 million in the field, increasing the oil reserves and the recovery factor in... Continue Reading →
PRIO Sept. 22 Operational Data
Petro Rio S.A. (“PRIO”), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of September. Obs:(1) The MUP3A well, in the Frade Field, had its production temporarily interrupted due to a failure in the completion equipment, and will be repaired during the fourth quarter. (2) Manati... Continue Reading →
Enauta 3Q22 production dropped 50% compared to 2Q22
Enauta's production in September totaled 10,400 barrels of oil equivalent per day, the same level as the previous month, according to a new report released by the company. The Atlanta field, the company's main asset, saw its production grow from 3,000 barrels a day in August to 5,500 barrels in September. This is due to... Continue Reading →
Wall Street cranks up Exxon’s outlook on booming natgas prices
(Reuters) - Wall Street analysts on Wednesday sharply increased their view of Exxon Mobil Corp's third quarter earnings after the company disclosed a $2 billion profit gain from selling natural gas. The disclosure signaled the largest U.S. oil maker quarterly profit due out later this month will land close to the second quarter's record $17.9... Continue Reading →
Prio to start drilling development wells at Wahoo
(U) Prio plans to start drilling four development wells in the Wahoo oil field offshore Brazil, the company said this week. It will be connected via a subsea tieback to the Frade oil field, which it also owns, the independent oil company said in a statement issued at the Rio Oil & Gas 2022 conference.... Continue Reading →