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(Reuters) - Equinor (EQNR.OL) will book a loss from gas derivatives of between $1.4 billion and $1.5 billion for the final quarter of 2021, in line with previous statements that some third-quarter profits would be reversed, the energy company said on Tuesday. Norway's largest company on Oct. 27 reported a surge in July-September earnings, driven by a global... Continue Reading →
TechnipFMC has decided to de-list from the Euronext Paris after selling off a chunk of its holding in spin-off firm TechnipEnergies. The firm said it has refocused as a “pure-play technology and services provider” and that a single listing on the New York Stock Exchange best suits it going forward. TechnipFMC completed a planned split with TechnipEnergies... Continue Reading →
(OE) China's biggest offshore oil and gas producer, CNOOC Ltd, on Tuesday set its 2022 production target at 600 million-610 million barrels of oil equivalent (boe), 10% above last year's goal. The company targeted output of 545 million-555 million boe in 2021, though it expects to have beaten that, churning out an estimated 570 million... Continue Reading →
talian offshore oilfield services company Saipem has won $1.1 billion worth of offshore contracts in Australia and Guyana with Woodside and ExxonMobil, respectively. In Australia, Woodside has granted Saipem the Notice to Proceed (NTP) for a contract related to the Scarborough project. Saipem will complete the export trunkline coating and installation of the pipeline that... Continue Reading →
(TN) Enauta's total production in December reached 624.2 thousand barrels of oil equivalent (boe), or average daily production of 20.1 thousand boe. For the year 2021, the Company's total production was 6,671.2 million barrels of oil equivalent (boe), or average daily production of 18.3 thousand boe. Also in December, the Atlanta Field operated through two... Continue Reading →
(PN) Petrobras announced that it has received a license from the Brazilian Institute for the Environment (Ibama) for 3D seismic survey activity in the Tupi and Iracema fields, in the Santos Basin. The document will be valid for 1 year and 30 days. Data acquisition will be carried out by Shearwater Geoservices do Brasil. The... Continue Reading →
(Reuters) - Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude rose 19 cents, or 0.2%, to $81.94 a barrel at 1006 GMT, and U.S. West Texas Intermediate (WTI) crude was up 20 cents, or 0.3%, at $79.10... Continue Reading →
(Reuters) - The regulatory National Mining Agency (ANM) suspended operations of French steel pipe maker Vallourec at its Pau Branco iron ore mine in Brazil on Sunday, a day after a dike at the mine overflowed and cut off a federal highway, the company said. The overflow of the dike cut off traffic on Saturday... Continue Reading →
(Reuters) - A debt refinancing operation for Mexican national oil company Pemex that swapped the highly-indebted firm's short-term bonds for a new 10-year bond has been completed, the finance ministry announced on Sunday. In a statement, the ministry said the near-term debt management scheme lowers Pemex's overall debt load by $3.2 billion, while reducing "financial... Continue Reading →
(Reuters) Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed as the coronavirus pandemic hit travel and economic activity.Typically,... Continue Reading →
