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UK oil and gas company Premier Oil has 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 cross-currency swaps. According to Premier’s statement on Tuesday, the deal will create the largest independent oil and gas company listed on... Continue Reading →
Oil and gas company Hess Corporation has entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana. Hess said on Monday it is selling its stake to BHP, the field’s operator, for a total consideration... Continue Reading →
Karoon Energy intends to conclude, with Petrobras, the acquisition of the Baúna field, in the Santos Basin, in the second half of October, the oil company said on Monday. The Australian company depends on the endorsement of the ANP and the transfer of a contract from the FPSO Cidade de Itajaí, which operates in Baúna,... Continue Reading →
Brazil's oil production is expected to reach 3.5 million barrels per day by the end of 2022, compared to 3.3 million bpd in early 2020, Goldman Sachs analysts projected in a report on Sunday, which already considers effects recent review of the Petrobras project portfolio. "In general, we are raising our production expectations for the... Continue Reading →
U.S. oil giant Exxon Mobil said on Monday it plans to reduce its European workforce by up to 1,600 across the company's affiliates by the end of 2021 as part of its global review. Exxon said country-specific cuts will depend on the oil major's local business footprint and market conditions, after the COVID-19 pandemic hammered... Continue Reading →
MEXICO CITY (Reuters) - Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy. The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since... Continue Reading →
(Reuters) - Golar Power said on Friday that it rejects the process that culminated in its disqualification by Petrobras of a bid to lease a regasification terminal for the state-owned company in Bahia, and stressed that it will file an appeal to return participate in the dispute. If this is not enough, the company also... Continue Reading →
Petrobras readies new hires involving the next Petrobras platforms for the Brazilian pre-salt. In particular, the contracts related to the three future units that will be installed in the Búzios field (P-78, P-79 and FPSO Almirante Tamandaré), in the Santos Basin. In the next six months, the state company plans to launch tenders for the... Continue Reading →
TechnipFMC has appointed Arnaud Pieton as President and CEO-elect, Technip Energies, effective immediately. As a result, the company has also appointed Jonathan Landes to the role of President – Subsea. Pieton has been with the company since 2004 and held multiple leadership positions, including vice president, Projects. He most recently served as the TechnipFMC’s president,... Continue Reading →
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first... Continue Reading →
