(Reuters) - Brazil's government is trying to add a 12th block to an auction of oil exploration areas expected later this year, an Energy Ministry official said on Tuesday at the Offshore Technology Conference (OTC) in Houston. The Ametista block is located at the South border of the region known as the pre-salt and has... Continue Reading →
Shell announces first production at FPSO Guanabara offshore Rio de Janeiro
(WO) Shell Brasil Petróleo Ltda., a subsidiary of Shell plc, announced the start of production of the FPSO Guanabara in the Mero field, offshore Santos Basin in Brazil. The FPSO Guanabara, which while under construction was also known as Mero-1, has an installed capacity of 12 million cubic meters of natural gas and 180,000 barrels... Continue Reading →
Halliburton Appoints New CFO
U.S. oilfield service giant Halliburton on Monday announced senior executive leadership changes whereby Lance Loeffler, executive vice president and chief financial officer (CFO) will assume the role of senior vice president of the Company’s Middle East North Africa (MENA) region. “Lance has done a fantastic job serving as Halliburton CFO and has played an instrumental role... Continue Reading →
Baker Hughes Says Its New Subsea Wellhead Tech Saves Rig Time, Costs
(OE) U.S.-based international energy services and technology firm Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal. According to Baker Hughes, the seal can save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips. "The new integrated sealing solution, globally launched and exhibited at... Continue Reading →
Guyana, Exxon discuss pipeline to bring natgas ashore – minister
(Reuters) - Guyana has started discussions with Exxon Mobil Corp (XOM.N) to build a more than 120-mile (190-km) natural gas offshore pipeline, Natural Resources Minister Vickram Bharrat said on Tuesday at the Offshore Technology Conference in Houston. Guyana, a tiny South American country, is trying to build infrastructure including a gas-fueled power plant to develop its economy... Continue Reading →
Açu Petróleo becomes Vast Infraestructura in search to expand range of business
(PN) Açu Petróleo has just announced that it is now called Vast Infraestrutura. For the company, the name change represents an expansion of its business and a new positioning in the infrastructure market. “A brand look ahead and attentive to the future of energy”. The company is no longer exclusively an oil transshipment company to... Continue Reading →
Brazil showcases oil & gas, technology, opportunities for foreign investors during OTC
(WO) ApexBrasil, a Brazilian Trade and Investment Promotion Agency, is partnering with Brazil's Energy Research Office (EPE), The Brazilian Petroleum and Gas Institute (IBP), The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP), Petrobras, and the Federation of the Industries of Rio De Janeiro State (FIRJAN) to highlight the country's burgeoning leadership in the sector at the... Continue Reading →
Transocean Ltd. Reports First Quarter 2022 Results
(GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported a net loss attributable to controlling interest of $175 million, $0.26 per diluted share, for the three months ended March 31, 2022. First quarter 2022 results included net favorable non-cash item of $8 million, or $0.02 per diluted share, related to discrete tax items. After consideration... Continue Reading →
TechnipFMC Gets Notice to Proceed, Wins More Work at Exxon’s Yellowtail Project Offshore Guyana
Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana. The newly announced, "significant" flexibles contract covers six risers that are qualified for high pressure and high temperature. For TechnipFMC, a “significant” contract is between $75 million and $250... Continue Reading →
BP’s Profit Soars to Highest in Over Decade
(Reuters) BP boosted its share buyback program after net profit soared to its highest in more than a decade on strong oil and gas trading results, as the energy company took a $24 billion charge after exiting its operations in Russia. Soaring oil and gas prices in the wake of the Russian invasion of Ukraine... Continue Reading →
