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French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central, Sapakara West and Kwaskwasi prospects. Using the Noble Sam Croft drillship, the well... Continue Reading →
ANP forecasts a gradual growth in production in the coming years, reaching 571.5 thousand m³ / day (3.6 million barrels per day) of oil and 173.2 million m³ / d of natural gas in 2025 . - It represents an increase of 23% in relation to 2021, in the case of oil, and 34% in... Continue Reading →
(Reuters) DBO Energy, an oil and gas company supported by Germany's RWE AG, is in bilateral negotiations with Petrobras to buy the Golfinho oil hub, two sources said, as the Brazilian oil company moves forward with its ambitious divestment program. Golfinho is one of dozens of production assets that Petrobras put up for sale in... Continue Reading →
Former Shell director Andy Brown will become CEO at Portuguese oil and energy company Galp Energia from Feb. 19, the company said, with boss Carlos Gomes da Silva leaving two years before the end of his mandate. The decision was agreed upon by Gomes da Silva and board chair Paula Amorim, and will be submitted... Continue Reading →
A merger between Premier Oil and Chrysaor has been approved by Premier’s shareholders and the deal is expected to close by the end of the first quarter this year. Premier reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of Premier’s existing debt and... Continue Reading →
Oil major ExxonMobil is preparing to drill an exploration well in waters offshore Brazil, using Seadrill’s West Saturn drillship. Petroleo Hoje, a Brazilian publisher specializing in oil and gas news, reported on Monday that ExxonMobil and Seadrill are preparing for the drilling campaign in the country and the West Saturn drillship is already located at... Continue Reading →
Brazilian oil exports registered an average of 387.3 thousand tons per day in the first week of the year, more than 100% above the average reported forJanuary last year, according to data released by the Ministry of Economy on Monday. In January 2020, foreign oil sales from Brazil totaled an average of 191.9 thousand tons... Continue Reading →
Energy intelligence firm Rystad Energy has conducted a comprehensive company-level analysis of the world’s upstream industry, identifying the top carbon-intensity performers in each of the offshore, onshore, and shale segments and concluded that onshore producers have a higher carbon intensity on average, while offshore producers are scattered. The carbon footprint of exploration and production companies... Continue Reading →
Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. There are growing fears that Exxon, because of its tremendous debt burden, is a zombie company. These are generally companies that are not generating sufficient... Continue Reading →
Brazilian oil and gas drilling company Constellation has won a long-term contract for its ultra-deepwater drillship Brava Star with the Brazilian oil firm Petrobras. Constellation said this week that the contract for the 2015-built Brava Star drillship was for 810 days and includes a termination for convenience after 180 days subject to a demobilization fee. ... Continue Reading →
