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(OE) Norwegian company PGS, best known for its seismic survey services in the offshore oil and gas sector, said Wednesday it had scored its first offshore wind contract. The company said it had secured its first ultra-high resolution offshore wind farm site characterization project, marking its debut in "a strategically important new energy market." "PGS... Continue Reading →
(Reuters) The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela. The license, issued by the U.S. Treasury Department at Trinidad's request and intended to enhance Caribbean... Continue Reading →
TechnipFMC said on Tuesday that the Brazilian oil company Petrobras had awarded it a large master services agreement for subsea services. For TechnipFMC, a “substantial” contract is between $250 million and $500 million. The three-year contract has an option to extend for two years. TechnipFMC will provide life-of-field services to support its installed base offshore... Continue Reading →
Karoon announced an increase in its proven reserves (1P) in block BM-S-40 – which encompasses the producing Baúna and Piracaba fields and the Patola field, which is under development. The block, located in the Santos Basin, has 42.8 million barrels in 1P reserves, according to an assessment reviewed and certified by AGR Energy Services (dated... Continue Reading →
(Reuters) - European Union leaders will give clearance in February for work on new EU funding for the green tech industry to counterbalance subsidies in the United States and China, as well as more flexible use of existing funds and looser state aid rules. The draft conclusions for the Feb 9-10 EU leaders' summit, seen... Continue Reading →
(Reuters) - Imports of renewable hydrogen into the European Union by 2030 will be competitively priced compared with domestically produced clean hydrogen, a future energy source to replace fossil fuels, a study by Aurora Energy said on Tuesday. In the RePowerEU policy, lawmakers have assumed that hydrogen usage in the bloc will reach 20 million... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) on Tuesday announced it would increase refinery gate gasoline prices, as its board of directors prepares to vote on President Luiz Inacio Lula da Silva's pick for the chief executive role. In a statement on its website, Petroleo Brasileiro SA said it would hike gasoline prices by an average... Continue Reading →
TotalEnergies' offshore oilfield Dalia in Angola will undergo planned maintenance for about 35 days starting Feb. 20, a company spokesperson said on Tuesday. The company added that the maintenance will include inspections of equipment, subsea lines and works relating to flare tips. The field produces more than 200,000 barrels per day. Traders said there may... Continue Reading →
(Reuters) U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field. The company forecast 2022 E&P capital and exploratory expenditures of about $2.7 billion. The... Continue Reading →
(Reuters) - U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level since 2005 as buyers became more choosy about asset purchases. The decline comes as large companies with strong balance sheets are targeting... Continue Reading →
