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Karoon Energy has signed a marketing agreement with Shell West, a member of the Royal Dutch Shell group, to trade and ship crude oil production from the Baúna field located offshore Brazil. The Baúna field, located in the Santos Basin off the coast of the state of São Paulo, started its operations in February 2013... Continue Reading →
U.S. engineering firm McDermott has entered into an agreement with lenders under which the company will have access to up to $1.7 billion of additional financing, including a letter of credit capacity. McDermott said on Monday that the company would have immediate access to $650 million of financing comprised of $550 million under a term... Continue Reading →
Halliburton Co reported a bigger-than-expected 10% drop in quarterly revenue on Monday, as the oilfield services provider battled lower demand from shale oil producers in North America, its biggest market. Revenue from North America, which accounts for more than half of the company’s total, fell 21% in the third quarter, primarily due to lower pressure... Continue Reading →
Oct 18, 2019 Project forecasts supply of thermoelectric plant in Roraima with natural gas produced in the field Eneva has begun construction of the Azulão field liquefaction terminal in the Amazon Basin. The integrated project also includes the installation of a gas treatment unit and the construction of a thermoelectric plant in the municipality of... Continue Reading →
October 18, 2019 Petróleo Brasileiro S.A. – Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil, (ii) environmental process in the state of Paraná; and (iii) disputes on special participation and royalties involving the National Agency of... Continue Reading →
Carlos Romero Deschamps, the head of Mexico’s oil workers’ union, has resigned after almost three decades in position, amid corruption accusations. The resignation comes in the same week in which the country’s president Lopez Obrador said Deschamps was being investigated by the Attorney Genera’s office and suggested that it was best for a person in... Continue Reading →
Oct 18, 2019 There is no future for companies that work only in oil and gas in the medium- to long-term, the head of Italian major Eni said on Friday. "Diversification into renewable energy and the circular economy is crucial," Claudio Descalzi told financial daily Il Sole 24 Ore in an interview. Asked about interest... Continue Reading →
Schlumberger NV beat Wall Street estimates for profit on Friday, in the first quarter under Olivier Le Peuch, as higher international drilling activity boosted demand for its equipment and services and helped counter weakness in North America. The international business has been a bright spot for the world's largest oilfield services provider since last year... Continue Reading →
Oct 18 ,2019 Field areas in the Campos Basin should be included in the ANP permanent offer regime. Petrobras informed the ANP of its interest in voluntarily returning the areas of modules 1 and 2 of the Espadarte field in the Campos Basin. If the order is approved, the areas - which have not been... Continue Reading →
October 17, 2019 Petrobras plans to begin production testing on its Sergipe deepwater discoveries in November, the company told the National Petroleum, Natural Gas and Biofuels Agency (ANP). The project had to be postponed for one year for maintenance at FPSO Cidade de São Vicente. The agency's board approved the new project schedule on... Continue Reading →
