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Australia’s FAR Limited is working towards expediting the evaluation of results encountered during the drilling of the Bambo-1 exploration well offshore The Gambia, hoping to devise a new exploration plan. FAR feels encouraged by the data collected during the drilling programme, believing there is a prolific oil source in the area, despite encountering no moveable... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media about the divestment project of the Potiguar Cluster, which includes a set of 22 concessions of onshore and shallow waters production fields, including the Clara Camarão refinery, in the state of Rio Grande do Norte, clarifies that, as informed in a press... Continue Reading →
Brazilian oil and gas company Enauta has signed agreements with Altera to extend the charter, operation, and maintenance of Petrojarl I FPSO for the Early Production System (EPS) of the Atlanta field located offshore Brazil. Located in the Santos Basin, the Atlanta field is operated by Enauta Energia, a wholly-owned subsidiary of the company, which also has... Continue Reading →
(OE) Oil and gas firm Eco Atlantic has increased its stake in JHI Associates by acquiring additional 800,000 common shares in JHI in return for 1,200,000 new common shares in Eco. "The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022, increasing the total number of shares... Continue Reading →
(OM) PetroRio has commissioned a workover on the OGX-44HP well at the Tubarão Martelo field in the southern Campos basin offshore Brazil, following a failure in the electrical submersible pump. The well is currently shut-in, with the Kingmaker rig expected to complete intervention work later this month. Production is connected to the FPSO Bravo
(Reuters) - Oil supply will soon overtake demand as some producers are set to pump at or above all-time highs, the International Energy Agency (IEA) said on Wednesday, while demand holds up despite the spread of the Omicron coronavirus variant. "This time around, the surge is having a more muted impact on oil use," the... Continue Reading →
Tullow Ghana, a subsidiary of the oil and gas company Tullow Oil, and the Ghana Navy have entered into an agreement, which is expected to add an additional layer of safety and security in the Ghanian waters, allowing the company to continue operations in its offshore fields in the area. Tullow Ghana reported on Monday... Continue Reading →
(PN) Equipment capable of separating CO2-rich gas from oil at the bottom of the sea. Petrobras, operator of the Libra consortium, started selecting suppliers to execute the project, build, install and carry out HISEP® tests, a technology patented by the company that aims to separate and reinject, even at the bottom of the sea, the... Continue Reading →
(epbr) The government of Ceara signed a memorandum of understanding (MoU) with BP for the potential implementation of a natural gas hub in Porto do Pecem. According to the company's president in Brazil, Mario Lindenhayn, the hub may have an installed capacity of around 2.2 GW and generate around 5,000 jobs during construction. -- “It... Continue Reading →
(OM) Finally catching up with its rivals, U.S. oil and gas giant ExxonMobil has revealed its ambition to achieve net-zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The net-zero ambition is contained in the company’s Advancing Climate Solutions – 2022... Continue Reading →
