Oil major Shell has booked a semi-submersible drilling rig for its operations in Namibia, where it recently struck a major offshore oil discovery. Offshore rig owner Northern Ocean said Thursday that Shell Upstream Namibia B.V., a subsidiary of Shell, had awarded it a contract for the Deepsea Bollsta semi-submersible drilling rig. The contract for the... Continue Reading →
Peru’s $4.5 bln lawsuit against Repsol over oil spill to go to court
(Reuters) - A Peruvian judge on Tuesday admitted a $4.5 billion lawsuit against Spanish oil firm Repsol SA (REP.MC), eight months after an underwater oil pipeline owned by the company caused a spill of over 10,000 barrels into the Pacific Ocean. The civil lawsuit seeking $3 billion for environmental damage and $1.5 billion for damages to... Continue Reading →
New FPSO vessel heading to Brazil equipped with Sulzer pumps
An increase in demand for oil and gas has hailed the resumption of projects to deliver more FPSO vessels. Recent announcements have included the first round of tenders for equipment destined for the Parque das Baleias (Whale Park) FPSO, a process that has seen the water injection pumps being awarded to Sulzer. Due to be located 77 km... Continue Reading →
FPSO Carioca completes one year of operation with approximately 175 thousand barrels/day,
The FPSO Carioca, in the Sépia field in the pre-salt layer of the Santos Basin, completed one year of operation. During this period, the platform vessel reached an accumulated production of around 39 million barrels of oil (operated production). It is currently the largest platform in Brazil in terms of complexity and production, with around... Continue Reading →
PRIO and Dommo confirm studying strategic operation
(PN) Amid rumors indicating that PRIO (PetroRio) was acquiring Dommo, the two companies provided clarification on the possible operation to the Securities and Exchange Commission. In short, the companies confirmed that they are evaluating a strategic operation, with the possible purchase and sale of assets. However, there is still no binding document or decision on... Continue Reading →
Venezuelan man indicted in U.S. for money laundering linked to Petropiar oil venture
(Reuters) - A Venezuelan man has been indicted for allegedly laundering the proceeds of inflated procurement contracts obtained via millions of dollars in bribes to officials at Venezuelan oil venture Petropiar, the U.S. Department of Justice said on Wednesday. Rixon Moreno, 46, allegedly received benefits including over $30 million in payments on contracts from Petropiar... Continue Reading →
Oil money is flooding into Guyana. Who will benefit?
(Reuters) - Ever since Exxon Mobil (XOM.N) found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries. This year alone, the economy should grow 48%, the fastest rate on the planet, according to the World Bank. But managed poorly,... Continue Reading →
CNOOC’s Profit More Than Doubles to Record $10.5B
China's CNOOC Ltd more than doubled its first-half profit helped by higher oil and gas prices, the offshore oil and gas producer reported on Thursday. Interim net income rose 116% to 71.89 billion yuan ($10.50 billion) while revenue rose 75.6% to 176.7 billion. Oil prices have soared this year, with prices coming close to $147... Continue Reading →
Petrobras receives Transparency Trophy 2022
Petróleo Brasileiro S.A. – Petrobras informs that it was elected one of the ten companies with the most transparent financial statements in Brazil in the category of companies with net revenues over R$20 billion. The recognition is granted annually by the National Association of Finance, Administration, and Accounting Executives (Anefac) to the Brazilian companies with... Continue Reading →
DEME Offshore, Havfram to Jointly Offer Offshore Wind Services in Norway
Belgium-based offshore installation company DEME Offshore and Norway-based offshore services firm Havfram have signed a memorandum of understanding to jointly offer construction services to the offshore wind farm sector in Norway. "Both DEME Offshore and Havfram plan to play an important role in the upcoming Norwegian offshore wind market by delivering transport and installation services... Continue Reading →
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