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(Reuters) - BP (BP.L), opens new tab expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy (WDS.AX), opens new tab, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said. BP, which holds a 30% stake... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE), opens new tab said its preliminary financial results on Tuesday were above market expectations, with revenue up 12.6% on a comparable basis to 7.65 billion euros ($8.29 billion) and a profit margin before special items of 2.7%. The company kept its outlook for the year unchanged, pointing to expected variations across its... Continue Reading →
(Reuters) - Suriname should boost incentives for energy companies looking to develop oil and gas discoveries, said Zamri Baseri, head of Malaysia's Petronas (PETRA.UL) in the South American country. Baseri did not specify the incentives his company is looking for, but lower royalties and taxes, or commercial incentives often hasten investment decisions by energy companies.... Continue Reading →
(OE) Halliburton's fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities boosted demand for oilfield services and equipment. With a better economic environment and acerages internationally, oilfield services are setting their sights outside the United States to grow, with the North American segment dominated by higher efficiencies but fewer... Continue Reading →
(OM) Rockhopper Exploration has commented on a progress report on the Sea Lion oil development in the offshore North Falkland basin from operator Navitas Petroleum LP. This includes an updated development plan, which takes into account static and dynamic reservoir models. Netherland Sewell & Associates’ latest independent report has increased gross 2C resources in the partners’ licenses in the basin... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured $70 million in new contracts and extensions for two of its subsea construction vessels (CSV) that will be employed offshore Brazil. The new contract is for the CSV Normand Fortress with Brazilian state-run oil company Petrobras. The contract has a duration of two years firm with... Continue Reading →
(OM) Eco Orinduik has informed Guyana’s Minister of Natural Resources of its intention to enter the second phase of the second renewal period of the offshore Orinduik license. There is a commitment to drill one exploration well into the Cretaceous Formation before the license period ends on Jan. 13, 2026. TOQAP Guyana, the joint entity held... Continue Reading →
(Bloomberg) -- The privatization of state-run oil company YPF SA is no longer included in sweeping reforms that President Javier Milei is trying to get approved by Argentina’s congress, according to a summary of the legislation circulated by the government Monday. The so-called omnibus bill, currently up for debate in the lower house, was changed... Continue Reading →
(OE) French energy major TotalEnergies has signed an agreement with European Energy to develop offshore wind projects in three Nordic countries, including Denmark, Finland and Sweden. The agreement covers 405 MW of offshore wind power under development in Denmark, and new large scale offshore wind projects to be developed jointly by TotalEnergies and European Energy... Continue Reading →
(OE) The first multiphase pumping subsea system (MPP), that will support oil and gas production at the Atlanta field in Brazil's Santos Basin, has been shipped from Norway, Brazilian oil and gas company Enauta has informed. The MPP, manufactured by OneSubsea, was loaded on January 21, 2024, in Norway ahead of shipping for Brazil. The... Continue Reading →
Brazil Energy Insight 