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(Reuters) - New Fortress Energy Inc said on Wednesday it would buy Hygo Energy Transition Ltd, a 50-50 joint venture between Golar LNG Ltd and Stonepeak Infrastructure Fund II Cayman, for $2.18 billion to expand its presence in South America. The deal is less than four months after the then chief executive of Hygo, which... 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 →
Norwegian marine seismic data firm TGS on Wednesday announced the start of the Espirito Santo multi-client 3D seismic survey offshore Brazil. "This survey, covering 2,694 square kilometers, will broaden the region's 3D coverage while adding to the extensive offshore seismic library. This survey is being acquired in a dual-azimuth acquisition format," TGS said. TGS said... Continue Reading →
Norway-based risk management and quality assurance company DNV GL will change its name to DNV on March 1, 2021. The classification society, providing services to offshore and maritime industries, among others, has had the current name since the 2013 merger between DNV (Det Norske Veritas) and GL (Germanischer Lloyd). "The name simplification is a natural... 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 →
Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand. Brent crude was up 79 cents, or 1.4%, at $56.45 a barrel by 1:38 p.m. EST (1838 GMT) after touching its highest level since... 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 →
