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(Reuters) - Ecuador's oil output has almost fully recovered after pipeline maintenance to repair erosion in the Andean country's Amazon region caused production to dwindle to less than 100,000 barrels per day (bpd), the energy ministry said. The erosion, a naturally occurring phenomenon along the Coca River, forced a halt to pumping in the SOTE... Continue Reading →
(Reuters) - Oil prices rose and were heading for their biggest weekly gains since mid-December on Friday as unrest in Kazakhstan and outages in Libya spurred concerns over supply. Brent crude climbed 70 cents, or 0.9%, to $82.69 a barrel at 1229 GMT. U.S. West Texas Intermediate (WTI) crude rose 59 cents, or 0.7%, to... Continue Reading →
The market for floating production, storage, and offloading (FPSO) units almost brushed off the pandemic’s effect in 2021 and is likely to continue apace in 2022, with 10 new awards expected, according to a Rystad Energy report. Two lease contracts were awarded in the fourth quarter of 2021, bringing the total for the year to... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Obs.: (1) Frade figures account for a 70% interest in the Frade Field until February 4 and 100% interest as of February 5, when the Company announced... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the news published in the media, clarifies that, as disclosed on December 16, 2021, it maintains its position of seeking the sale of up to 100% of the preferred shares it holds in Braskem S.A. (Braskem), to be conducted through secondary public offering(s) of shares (follow-on), together with NSP... Continue Reading →
(OE) Italian oil company Eni has extended its contract for BW Offshore's Abo floating production storage and offloading (FPSO) vessel for another year. The FPSO's owner BW Offshore said Thursday it has signed the extension with Eni's subsidiary Nigerian Agip Exploration. Under the extension, the FPSO, used for production from the Abo field offshore Nigeria,... Continue Reading →
(Reuters) - Royal Dutch Shell said it will pursue "at pace" a $7 billion share buyback largely funded from the sale of its U.S. shale business as it faces liquefied natural gas (LNG) outages and slower fuel sales due to the economic hit from Omicron. Shares in Shell (RDSa.L), the world's largest trader of LNG, were... Continue Reading →
(OE) Italian offshore energy services firm Saipem has chartered Edda Accommodation's Edda Fides offshore accommodation vessel. The contract, starting in the second half of 2022 is for the Edda Fides' deployment in the Mauritania/Senegal joint maritime zone where it will support work on the Tortue field development. The contract is firm for a period of... Continue Reading →
(Reuters) - At least five Nigerian oil and gas companies are preparing to submit bids this month for Royal Dutch Shell's (RDSa.L) onshore oilfields in a sale that could fetch up to $3 billion, three sources involved in the process told Reuters. Shell started talks with the Nigerian government last year about selling its stake in the West African... Continue Reading →
Changes in the organization of the future second largest thermoelectric plant in Brazil. The Administrative Council for Economic Defense (CADE) approved the sale of Prumo Logística's stake in the Gás Natural Açu II (GNA II) plant, which is currently under construction at Porto do Açu, in São João da Barra (RJ). With the transaction, Prumo... Continue Reading →
