Brought to you by Quest Offshore & Southern Cone Consultants
UK-based company Sparrows Group, a provider of engineering and maintenance services for the energy industry, said Wednesday it had secured a three-year crane operations and maintenance services contract offshore Luanda, Angola. The agreement, with an unnamed client, covers 10 pedestal cranes and six line and rescue craft boats across the field’s four assets. "Having held... Continue Reading →
(Reuters) - China's largest oil and gas producer, PetroChina (601857.SS), on Thursday posted a net profit of 92.17 billion yuan ($14.53 billion) for 2021, making its biggest since 2014 thanks to a global economic recovery that lifted energy prices and consumption. In 2020, PetroChina's net profit was 19 billion yuan. The company said, in a statement... Continue Reading →
(Reuters) - The world's top banks provided $742 billion in finance to the fossil fuel industry in 2021, little changed on the prior year, a report on Wednesday showed, despite growing calls to rein in lending to help tackle global warming. Banks are increasingly in the crosshairs of investors and campaigners over their role in... Continue Reading →
(Reuters) - Global energy trader Vitol Group made a record net profit of just over $4 billion last year, sources familiar with the matter said, as oil, natural gas and other commodity prices soared. Vitol, the world's biggest independent oil trader, declined to comment. The unaudited result beats its previous record net profit in 2020,... Continue Reading →
The National Petroleum Agency (ANP) announced that the national production of oil and gas in the month of February totaled 3.754 million barrels of oil equivalent per day. Looking only at the share of oil, the volume reached 2.917 million barrels a day, which represents a drop of 3.8% compared to the previous month. Still,... Continue Reading →
Brazil’s Enauta has confirmed it is in talks with Australia’s Karoon Energy for the sale of part of its interest in the Atlanta field located offshore Brazil. Located in the Santos Basin, the Atlanta field is operated by Enauta, which has a 100 per cent interest in this asset. Following a report by Brazilian news... Continue Reading →
(PetroleoHoje) Ocyan signed a contract with Petrobras for the removal of flexible and umbilical ducts from the Cidade do Rio de Janeiro, Cidade de Rio das Ostras and Piranema FPSOs, located in the Campos and Sergipe-Alagoas basins. Ocyan had submitted the lowest bid in the state-owned company's tender, with a value below R$900 million. The... Continue Reading →
Aker Offshore Wind and Aker Horizons have announced an all-stock merger as part of a wider reorganisation to get after energy transition opportunities. The former, a wind developer, will become a privately-held subsidiary of investment management firm Aker Horizons, with the ultimate goal of merging Aker Offshore Wind with another portfolio firm: Mainstream Renewable Power. AOW... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its shareholders and the market in general that, following the best corporate governance practices, on this date has published the Proposal (“Proposal”) for the Annual and Extraordinary General Meeting (“Meeting”) to be held... Continue Reading →
(Reuters) China's CNOOC Ltd 0883.HK posted record annual net profit for 2021, with earnings nearly tripled from 2020, supported by rapidly rebounding oil and gas prices as global energy demand recovered from the pandemic. The state-controlled offshore oil and gas specialist posted a net profit of 70.32 billion yuan ($11.08 billion), versus 24.96 billion yuan... Continue Reading →
