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(Reuters) The U.S. Interior Department on Tuesday named Elizabeth Klein, a lawyer who worked in the Obama and Clinton administrations, to head the bureau that oversees offshore oil, gas and wind development. Klein will take over for the current head of the Bureau of Ocean Energy Management, Amanda Lefton, who has resigned from the post... Continue Reading →
(Reuters) China's CNOOC Ltd has set its 2023 production target at a record 650 million to 660 million barrels of oil equivalent (boe), about 8% above last year's goal. The state-controlled offshore oil and gas company produced about 620 million boe last year, exceeding its goal of 600-610 million boe, CNOOC said on Wednesday in a... Continue Reading →
(Reuters) - Geneva-based energy trader Gunvor Group on Wednesday said it has renewed a $1.565 billion loan facility to support the working capital needs of its liquefied natural gas (LNG) activities globally. The credit arrangement launched at $1.2 billion was oversubscribed and increased from $1.135 billion to $1.565 billion, the company said. As a part... Continue Reading →
(Reuters) - Almost as surprising as the weekend's shock events in Brasilia was how little world markets appeared to react - showing investors may already be braced for an era of more volatile geopolitics after 2022's tensions over Russia and China. And yet just a year after most markets dismissed the chances of a full-scale Russian invasion... Continue Reading →
(Reuters) - Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana's President Mohamed Irfaan Ali and Suriname's President Chandrikapersad "Chan" Santokhi, who are visiting India, held discussions on Monday with... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) and Spain's Dragados Offshore have been awarded a contract worth more than 4 billion euros ($4.29 billion) to build two converter systems for offshore wind energy grid connections in Germany, the German company said in a statement on Tuesday. Siemens Energy said the contract, which was awarded to the consortium of both... Continue Reading →
(PN) The production of the independent oil company Enauta in December reached the level of 18 thousand barrels of oil equivalent per day. The volume represents a growth of around 5% compared to the previous month, when the operator produced 17,000 barrels of oil equivalent per day. The Atlanta field, in the Santos Basin, Enauta's... Continue Reading →
Oilfield services provider Archer has closed the acquisition of plug and abandonment (P&A) specialist Romar-Abrado, increasing its guidance for this year. The acquisition is based on an enterprise value of $8 million, plus earn-out pending trading performance over 2023 to 2025, and is conducted on a debt-free basis and financed by available cash at hand. “We... Continue Reading →
(OED) Fugro and Enviros have secured contracts with the Norwegian Petroleum Directorate (NPD) for mapping of the shallowest strata under the seabed offshore Norway, with the objective of locating sites that are best suited for the installation of wind turbines. Fugro has won the contract for the Sørlig Nordsjø II area, while Enviros will map... Continue Reading →
Forum Energy Technologies (FET) has delivered three work-class remotely operated vehicles (ROVs) to Brazil-based OceanPact for deployment on Petrobras’ oilfields. The three 200HP Perry XLX-C ROVs, manufactured at FET’s UK facility at Kirkbymoorside, North Yorkshire, will be deployed on two of OceanPact’s vessels to support inspection, repair and maintenance (IRM) services for the oilfields of Brazil’s... Continue Reading →
Brazil Energy Insight 