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U.S. oil major ExxonMobil is resuming operations at the Canje Block offshore Guyana with the drilling of the billion-barrel prospect Jabillo-1, using the Stena Carron Drillship. The news was shared by Westmount Energy, a company that owns a stake in one of ExxonMobil's Canje block partners. Westmount Energy said Monday it was "pleased to note... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will start on August 15th the scheduled stoppage for 30 days of the Mexilhão platform and Route 1 pipeline, which outflows natural gas produced in Mexilhão and in other pre-salt and post-salt platforms in the Santos Basin. The intervention on Mexilhão platform and Route 1 gas pipeline... Continue Reading →
Oil extended gains on Friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe. The Organization of the Petroleum Exporting Countries and allies on Tuesday said they would stick to agreed supply restraints. A weekly supply report... Continue Reading →
(Reuters) Ecuador's state oil company, Petroecuador, has declared force majeure at one of its fields in the Amazonian province of Orellana due to a prolonged protest by an indigenous community over compensation to nearby residents. In a statement published late on Thursday, Petroecuador said the force majeure declaration at the Eden Yuturi field in its... Continue Reading →
Following the completion of financial restructuring and the acquisition of rival Pacific Drilling, offshore drilling contractor Noble Corporation has received approval for listing its ordinary shares on the New York Stock Exchange (NYSE). Noble Corporation said in a statement on Friday that trading is expected to start under the ticker symbol “NE” at the market... Continue Reading →
Offshore accommodation rig provider Prosafe said Friday it had received support from lenders of its affiliated companies Prosafe SE and Prosafe Rigs Pte. Ltd. on debt restructuring proposal. "The company has received acknowledgment of credit approval (subject to certain conditions) in support of the Transaction from ca. 79% across the USD 1300 million facility and... Continue Reading →
(TNPetroleo) The government of Pernambuco began technical and economic feasibility studies for the implementation of a green hydrogen production plant at the Port of Suape. The project belongs to the company Qair Brasil, of French origin, whose main activity is the independent production of electricity from alternative sources. The initiative, named Pernambuco Green Hydrogen Plant,... Continue Reading →
Petrobras is sustainably increasing the share of pre-salt oil used in its refineries, in line with the demands and opportunities of the national and international market. Between January and April 2021, around 55% of refined oil originated in the Brazilian pre-salt. During this period, the company surpassed the mark of 1 million barrels of processed... Continue Reading →
Global petrostates can forget trillion-dollar from oil and gas tax revenues as the accelerating energy transition bites, according to a report by Rystad Energy. The global government income from oil and gas taxation fell to a multi-year low in 2020 of around $560 billion, as production and prices shrunk. Before Covid-19, oil and gas taxes... Continue Reading →
Excelerate Energy’s floating storage and regasification unit (FSRU) the Exemplar has begun operations in Bahia Blanca, a port city located 400 miles south of the Argentine capital Buenos Aires. The Exemplar, with a storage capacity of 150,900 m3, will deliver liquefied natural gas (LNG) for the 2021 winter season in Argentina, providing reliability and stability... Continue Reading →
