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(Reuters) - Oil prices that rallied 50% in 2021 will power further ahead this year, analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude above $100 a barrel. Though the Omicron coronavirus variant has pushed COVID-19 cases far above peaks hit last year, analysts say oil prices... Continue Reading →
(Reuters) - Oil rose to more than $83 a barrel on Tuesday, supported by tight supply and expectations that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery. A lack of capacity in some countries has meant that supply additions by the Organization of the Petroleum Exporting... Continue Reading →
Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4 per cent to $628 billion this year from... Continue Reading →
(epbr) The entry of multiple hydrogen production routes, with the participation of fossils and renewables, can contribute to the expansion of the use of natural gas in the Brazilian energy transition strategy. The Energy Research Company (EPE) should publish technical notes in the coming days on the prospects for producing three colors of hydrogen in... Continue Reading →
(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 →
