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(Reuters) - Ecuador's state oil company Petroecuador hopes to be able to lift a declaration of force majeure over its Oriente crude exports by July 7, following an agreement between the government and indigenous leaders that put an end to over two weeks of protests, a company executive said on Thursday. A pact to end... Continue Reading →
(Reuters) - Shell (SHEL.L) said on Thursday it had suspended plans to sell its onshore oil assets in Nigeria, complying with a Supreme Court ruling that said it had to wait for the outcome of an appeal over a 2019 oil spill. "Shell welcomes the Nigerian Supreme Court's decision to hear the appeal of the Shell Petroleum... Continue Reading →
Norwegian oil and gas company Aker BP has revealed that the acquisition of Lundin Energy’s oil and gas business, through a statutory merger, is expected to be completed today, which will create the largest listed E&P company focused exclusively on the Norwegian Continental Shelf (NCS). Back in December 2021, Aker BP agreed to acquire Lundin Energy’s oil... Continue Reading →
Denmark-headquartered Maersk Supply Service has revealed that one of its anchor handling tug supply (AHTS) vessels, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials offshore Norway, following upgrades. Maersk Supply Service has steadily been reducing its emissions since 2018 through a combination of initiatives, such as energy-efficient operations... Continue Reading →
(Reuters) - Russian gas giant Gazprom (GAZP.MM) has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging 27%. "The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy CEO Famil Sadygov said.... Continue Reading →
(OP) Latin America’s largest economy Brazil is experiencing a massive offshore energy boom which has seen the country overtake Venezuela and Mexico in little over a decade to become the region’s largest oil producer. This is driven by pre-salt petroleum discoveries in offshore Brazil, with the first being made by national oil company Petrobras in the Santos... Continue Reading →
Norwegian offshore vessel owner Solstad Offshore has secured charters for the construction support vessels Normand Cutter and Normand Sentinel. The Normand Cutter has been awarded a contract with an unnamed customer in South America. The firm charter period is for 460 days with the option of a further 480 day extension. Under the charter, which... Continue Reading →
Oil and gas giant Petrobras has awarded CGG with a four-year contract extension for its dedicated reservoir services center in Rio de Janeiro, Brazil. Under the contract, CGG will continue providing its reservoir characterization workflows, such as geostatistical, 4D and azimuthal inversion, while also bringing new technologies to Brazil to further enhance reservoir understanding. These... Continue Reading →
(Reuters) - Suriname's state-run oil company Staatsolie is getting ready to offer for auction 60% of the country's offshore blocks, which remain unawarded, in the coming year, starting with a deepwater round in the fourth quarter, the firm's vice president told Reuters on Wednesday. The company, in partnership with Shell (SHEL.L), APA Corp and TotalEnergies ,... Continue Reading →
(Reuters) - Exports of Ecuador's flagship Oriente crude remain suspended under a force majeure declaration as the spread of anti-government protests hurts oil output, state-run Petroecuador said on Wednesday. At least eight people have died and road blockades have led to food and medicine shortages. The crisis has halved oil output, the country's main source... Continue Reading →
