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(PN) The Permanent Offer is once and for all consolidated as the main form of bidding for oil and gas areas in Brazil. The Brazilian government authorized the National Petroleum Agency (ANP) to sell 11 pre-salt exploratory blocks within this auction model. The decision was published in an order in the Official Gazette of the... Continue Reading →
PGS has added 10,700 square kilometers of 3D MultiClient data to its data library coverage of the Niger Delta, kick-starting a major reprocessing project. According to PGS, this will be the cornerstone of a new regional-scale MegaSurveyPlus dataset for Nigeria, with the final data set to be ready in Q4 2022. The Nigeria MegaSurveyPlus covers... Continue Reading →
(Reuters) - Oil prices rose sharply on Thursday, extending a rally from the previous session, on escalating unrest in OPEC+ oil producer Kazakhstanand supply outages in Libya. The global benchmark Brent crude futures rose $1.09, or 1.4%, to $81.89 a barrel, by 1054 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1.17, or 1.5%,... Continue Reading →
Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos (Pemex) for his role in a corruption scandal, two judicial sources said on Wednesday. Emilio Lozoya is accused of having requested money from scandal-plagued Brazilian construction conglomerate Odebrecht to partially finance... Continue Reading →
Initiative reinforces the company's commitment to the gas market in Brazil (TN) Repsol Sinopec Brasil signed a sales contract for the Sapinhoá Norte gas with Petrogal Brasil, reinforcing its participation in the natural gas value chain in Brazil. With this contract, which is the first in this modality, the company began marketing this gas as... Continue Reading →
U.S. oil and gas giant ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 wells located in the prolific Stabroek block offshore Guyana. In a statement on Wednesday, ExxonMobil confirmed that the Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838... Continue Reading →
(WO) --The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere... Continue Reading →
(Reuters) - Oil prices slipped below $80 a barrel on Wednesday after OPEC+ producers stuck to an agreed output target rise for February and investors assessed the impact of a spike in COVID-19 cases caused by the Omicron variant. Brent crude futures were down 18 cents, or 0.23%, to $79.82 a barrel by 0945 GMT,... Continue Reading →
BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects using BW Ideol’s patented Damping Pool technology over the next 5 years. JERA is Japan’s largest utility company, and ADEME... Continue Reading →
Tanker operator AET has taken delivers of Eagle Campos, the first of another three Suezmax Dynamic Positioning (DP2) Shuttle Tankers purpose built for long-term charter to Brazil Shipping I Limited, a subsidiary of Shell. Shuttle tankers are used for the offloading and transporting oil from offshore oil installations. AET struck a deal with Shell in... Continue Reading →
