(Reuters) BP (BP.L) and Eni (ENI.MI) said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies. The two companies have signed a non-binding memorandum of understanding and are in discussions on a joint venture that will include their liquefied natural gas (LNG) facilities, they... Continue Reading →
Ouro Negro to supply Monitoring technology to Libra
(TNPetroleo) The contract provides for the installation of the Direct Optical Wire Monitoring (DOWM)) system on flexible risers on three platforms in the Mero field, in the Libra block. The scope of the monitoring service considers flexible production, gas injection and water injection risers. By the end of 2020, Ouro Negro supplied more than 300... Continue Reading →
PETROBRAS ADDS TWO MORE DRILL RIGS FOR EXPLORATORY CAMPAIGNS IN THE CAMPOS AND SANTOS BASINS
(PetroNoticias) Petrobras will intensify its exploratory activity in the coming months. The company confirmed that it will add two more drilling rigs to its fleet: the drill ship Norbe VIII, in the Libra block; and the monocolumn SS-91 (Developer) for projects in the Campos and Santos basins. The two units are expected to start operating... Continue Reading →
IMEMATE FINDS OIL INDICATIONS IN AN ONSHORE WELL IN THE ESPIRITO SANTO BASIN
(PetroNoticias) Imetame notified the National Petroleum Agency (ANP) about the discovery of oil evidence in the Sintonia prospectus (1-IMET-28-ES), within the ES-T-441 block, located on the terrestrial part of the Espírito Santo Basin. Exploratory activity in the region began in April. Block ES-T-441 was fully purchased by Imetame in 2018, during the 14th Bidding Round... Continue Reading →
No place for further oil and gas investments in IEA net-zero roadmap
The International Energy Agency’s (IEA) has announced the world’s first comprehensive study on how to transition to a net-zero energy system by 2050. According to the IEA, climate pledges by governments to date – even if fully achieved – would fall well short of what is required to bring global energy-related carbon dioxide (CO2) emissions to net-zero... Continue Reading →
GeoPark Reports on the Ongoing Situation in Colombia
(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina reports on the ongoing situation in Colombia. Following a new tax reform proposal, a national strike started on April 28, 2021 with... Continue Reading →
MCS unveils MiniSpector ROV
MCS has launched a mini remotely operated vehicle (ROV), MiniSpector, with the aim of reducing cost in subsea inspection and 3D metrology for the energy industry. As described by the company, the MiniSpector reduces the reliance on additional vessels and equipment since it launches from a platform. Some of the tasks the MiniSpector can deliver... Continue Reading →
Oil hits $70, two-month high, as Europe, U.S. reopen economies
(Reuters) Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopenings of the European and U.S. economies offset concern over spreading coronavirus cases in Asia. The British economy reopened on Monday, and Europe is starting to reopen cities and beaches. New cases in... Continue Reading →
New Fortress’ Floating LNG Plans Boosted by Maersk Drilling Rigs Buy
Maersk Drilling sold two oil drilling rigs to U.S.-based energy infrastructure company New Fortress Energy Inc (NFE) which it will convert into floating liquefied natural gas (LNG) facilities, the companies said on Monday.Maersk sold the jack-up drilling rig Maersk Guardian to NFE and the two companies have agreed to the sale of the Maersk Gallant offshore... Continue Reading →
U.S. Supreme Court Sides with Oil Majors in Climate Change Case
The U.S. Supreme Court on Monday ruled in favor of BP PLC, Chevron Corp, Exxon Mobil Corp, Royal Dutch Shell PLC and other energy companies contesting a lawsuit filed by the city of Baltimore seeking monetary damages from them due to costs caused by global climate change. The 7-1 ruling came on a technical legal... Continue Reading →
