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(Reuters/OE) Exxon Mobil reportedly made a new discovery at Whiptail in the Stabroek Block offshore Guyana, as it develops one of the world's most important new oil and gas blocks in the last decade. The company operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corp and China's CNOOC Ltd. It... Continue Reading →
Equinor (STOHF) (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 4.64 billion and USD 1.58 billion after tax in the second quarter of 2021. IFRS net operating income was USD 5.30 billion and the IFRS net income was USD 1.94 billion. The second quarter of 2021 was characterised by: Strong results due to higher... Continue Reading →
The ANP published the notice and concession contract model for the 17th Bidding Round, which contain, respectively, the rules and procedures of the round and the rights and obligations of future concessionaires. This round is scheduled to take place on October 7, with the offer of 92 blocks with exploratory risk, with a total area... Continue Reading →
SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandaré. These contracts follow the signing of the binding Letter of Intent as announced on February 25, 2021. FPSO Almirante Tamandaré will be deployed at the Búzios field in the... Continue Reading →
(PetroleoHoje) Hygo (formerly Golar Power) and Aruanã Energia plan to build two LNG facilities at the Port of Suape, in Pernambuco. Under analysis by the ANP, the projects foresee the use of the same area in the port, which motivated the agency's letter asking for clarification from the Suape administration. This is the Multiple Use... Continue Reading →
(Reuters) - Wintershall Dea (WINT.UL) posted strong second quarter 2021 earnings as it benefited from firmer oil prices and reduced spending, its earnings report showed on Tuesday. The company, owned jointly by BASF (BASFn.DE) and Russia's LetterOne, posted earnings before interest, tax, depreciation, amortisation, and exploration expenses (EBITDAX), a standard oil industry measure, of 636 million euros... Continue Reading →
(PetroNoticias) Enauta started the week with good reasons to celebrate. Its main asset, the Atlanta field, reached today the mark of 18 million barrels produced since the beginning of its operation, in May 2018. Located in the Santos Basin, the field today operates through an Early Production System (EPS), the FPSO Petrojarl I, in a... Continue Reading →
(Reuters) - The U.S. Justice Department is investigating Connecticut-based trading house Freepoint Commodities over whether payments to employees of Brazil's state-run oil company broke U.S. laws, two sources with knowledge of the matter told Reuters this week. The criminal probe, which is being led by prosecutors in Washington, complements a separate, ongoing bribery investigation into... Continue Reading →
By Oliver Thompson, Archer Knight Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind. Growth in this sector is seen as... Continue Reading →
(Bloomberg) -- If an energy transition is underway around the world, it hasn’t reached the streets of Ilha da Conceicao, the working-class district at the heart of Rio de Janeiro’s oil revival. There, buses and trucks are piling into Baker Hughes Co.’s shipyard, where the energy services giant is churning out hundreds of kilometers of... Continue Reading →
