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Equinor said it will return an additional $3 billion to shareholders after reporting better-than-expected second-quarter profit on the back of soaring gas prices fuelled by the war in Ukraine. The company boosted gas supplies to Europe by 18% in the April-June period compared to a year ago, making Norway the continent's largest supplier of piped... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) said on Tuesday it has made two new oil discoveries offshore Guyana and that it has already exceeded its original year-end daily production target for the South American country. The announcements are part of Exxon's efforts to accelerate production in Guyana and to invest in long-term megaprojects that offer lower costs... Continue Reading →
(Reuters) - The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country increased supply to Europe amid the Ukraine crisis. U.S. LNG exports rose 12% to average 11.2 billion cubic feet per day (bcfd) in... Continue Reading →
(Reuters) - Guyana's government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan Ali said on Monday, following years of domination by U.S. giant Exxon Mobil (XOM.N) and its partners. As part of his first official trip to Washington, Ali expects to hold talks with U.S.... Continue Reading →
Offshore drilling contractor Transocean has secured new contracts and extensions for its rigs with a particular emphasis on its drillship fleet and with notable day rate increases. As revealed by Transocean in its latest quarterly fleet status report on Monday, the aggregate incremental backlog associated with these fixtures is approximately $650 million. As of 25 July, the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the news published in the media, confirms that it received, on 06/22/2022, a letter from the Special Secretary of the Treasury and Budget of the Ministry of Economy regarding the payment of dividends. The Company clarifies that, in its response, it informed that all the requests in the referred... Continue Reading →
Norwegian shipowner Siem Offshore said it has secured contract extensions for two of its platform supply vessels (PSV) working for TotalEnergies offshore Brazil. Total E&P do Brazil has declared the first of two options for the PSVs Siem Atlas and Siem Giant, and both vessels are now firm until June 2023. Siem Atlas and Siem... Continue Reading →
(Reuters) - Brazilian chemical maker Unigel on Monday announced plans to build a green hydrogen plant in the northeastern state of Bahia, with an initial investment of $120 million and the goal of making it one of the largest of its kind in the world. The plant is expected to start operations by the end... Continue Reading →
(OEM) Wave Energy Scotland (WES) has launched a tender for a study into the techno-economic benefits of shared services and infrastructure for wind and wave energy generation technologies and projects. The challenge is to identify and analyze opportunities for sharing of physical infrastructure, supply chains and services between wave energy and floating wind energy technologies and developments. These opportunities... Continue Reading →
Rystad Energy, an energy intelligence group, has revealed that Guyana’s burgeoning offshore oil and gas industry is poised to enter the big league with revenues set to break the $1 billion mark in 2022 and see a significant annual acceleration in 2030. This boost in revenue is powered by the Stabroek block, according to Rystad Energy’s research,... Continue Reading →
Brazil Energy Insight 