(OET) Offshore accommodation provider Prosafe has been selected as the winning bidder for a 650-day firm period contract for Petrobras’ tender in Brazil. This announcement comes after the firm disclosed in October 2022 that it had submitted the most competitive offer in this bidding process. Prosafe explained last Friday that the final contract award and the start of... Continue Reading →
Guyana: Frontera, CGX to Spud Wei-1 Well ‘No later than January 31, 2023
Frontera Energy Corporation and CGX Energy Inc, partners in the Corentyne block offshore Guyana, have been given more time to drill the Wei-1 exploration well. Under the Corentyne block license terms, the joint venture was previously required to spud Wei-1, the second of two commitment wells on the block, by November 27, 2022. However, the... Continue Reading →
TotalEnergies’ Awari Exploration Well Offshore Suriname Fails to Deliver
(OED) Oil and gas company TotalEnergies has completed drilling the Awari exploration well offshore Suriname without encountering commercial hydrocarbon volumes. The news was shared Monday by APA Corporation, TotalEnergies' partner in Block 58, where the well was drilled. APA holds 50% working interest, while TotalEnergies is the operator on the block with a 50% working interest.... Continue Reading →
Petrobras on news in the media regarding Shareholder Remuneration Policy
Petróleo Brasileiro S.A. – Petrobras, regarding the news in the media about the Shareholder Remuneration Policy ("Policy"), approved by the Board of Directors in 2019 and improved in 2020 and 2021, clarifies that the payment of extraordinary dividends is provided for in the Policy. In addition, the Company does not take on debt to pay... Continue Reading →
Spain’s Acciona to build $1.3 bln wind farm in Australia in expansion drive
(Reuters) - Spain's Acciona SA (ANA.MC) announced plans on Monday to build a wind farm worth A$2 billion ($1.34 billion) in Australia, nearly doubling its investment and generation capacity at a site in the northeastern state of Queensland. The 1,000-megawatt (MW) Herries Range wind farm will be built at the MacIntyre Wind Precinct, where the renewable energy... Continue Reading →
Karoon Energy on the oil assets acquisition trail
(U) Australian independent Karoon Energy is on the acquisition trail as it looks to add more oil assets in Brazil, where it is already producing from the Bauna field, and potentially further afield in the Americas. “We are continuing to explore potential acquisition and farm-in opportunities,” confirmed Karoon chairman Bruce Phillips. Most of the assets... Continue Reading →
Petrobras CEO aims to stay until April, sources say, auguring messy transition
(Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva may have to wait months to implement his plans for state-run oil company Petrobras, as the chief executive appointed by the current government aims to finish his term in April, people familiar with his plans said. Until then, CEO Caio Paes de Andrade, installed by President... Continue Reading →
BP wins contract to market Guyana’s share of oil production
(Reuters) - BP Plc (BP.L) will market Guyana's share of crude oil produced over the next year from two offshore production platforms, the South American country's Ministry of Natural Resources said. Guyana is home to one of the largest oil discoveries in the last decade, with about 11 billion barrels found to date. A consortium that controls... Continue Reading →
Deepwater Oil And Gas Production To Rise 60pct By 2030
(RZ) Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 5,000 feet and above is growing fastest – by 2024 it will account for more than half of all deepwater production. Deepwater is the fastest-growing upstream... Continue Reading →
World’s First 16 MW Offshore Wind Turbine Rolls Off Production Line
(OWB) The first nacelle for a 16 MW offshore wind turbine jointly developed by China Three Gorges Corporation and Goldwind Technology has rolled off the production line at Fujian Three Gorges Offshore Wind Power International Industrial Park in China. According to China Three Gorges, the unit has the largest single capacity, the largest rotor diameter,... Continue Reading →
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