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The government of Guyana has granted an extension to the term of the Tullow Oil-operated Orinduik offshore block that will see the block partners maintain control of the block until 2023. According to Eco Atlantic, Tullow Oil's partner in the offshore block, the joint venture partners in respect of the Orinduik Block offshore Guyana have... Continue Reading →
Guyana, a country that has become a deepwater oil and gas exploration hotspot mostly due to a string of discoveries made by ExxonMobil in recent years, is set for a record year when it comes to the number of offshore wells expected to be drilled in 2021, Rystad Energy said in a report Friday. Rystad... Continue Reading →
(Reuters) - Oil prices rose on Monday, with Brent reaching $70 a barrel, as data showed China’s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world’s largest oil importer. Brent crude futures for May were steady at $69.21, down 1 cent a barrel by 1150 GMT while U.S.... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that today it has called the Annual General Meeting (AGM) and the Extraordinary General Meeting (EGM), to be held on April 14, 2021, exclusively in digital form. The AGM will resolve on: (i) Management’s Report and the Company’s Financial Statements, with the report from the independent auditors and the... Continue Reading →
Offshore drilling contractor Noble Corporation has recently secured several drilling contracts and its CEO says there has been an uptick in tender activity in various markets. The company, which in February completed its financial restructuring and emerged from Chapter 11 for which it had filed in August 2020, on Thursday released its fleet status report showing... Continue Reading →
The ANP board approved the disclosure of onshore seismic data to anyone who is interested. More than 2 terabytes of seismic data will be available free of charge as of May this year, the data will be made available through physical deliveries to interested parties, on media with data storage capacity equivalent to the order.... Continue Reading →
Ocyan won a new contract from Petrobras for maintenance activities and offshore services on the Merluza and Mexilhão platforms, in the Santos Basin. The contract will be for the next three years and can be renewed for another 24 months. Initially, 220 workers will be mobilized for the project and the forecast is to reach... Continue Reading →
BW Ideol, a company established after oil & gas services provider BW Offshore’s bought into the floating wind technology developer Ideol, has applied for admission to the Oslo Stock Exchange and is expected to start trading there around 18 March. Through the offering of shares, for which a day-long bookbuilding period was launched on 11... Continue Reading →
UK’s Expro Group, an energy services company, and Dutch Frank’s International, an oil services company that provides drilling and completions solutions and services, have entered into a definitive agreement to combine in an all-stock transaction. Upon the closing of the transaction, Expro shareholders will own approximately 65 per cent of the combined entity, with Frank’s... Continue Reading →
(Reuters) - Royal Dutch Shell, owner of the world’s largest fuel retail network, said on Thursday its total greenhouse gas emissions dropped 16% in 2020 as oil and gas sales fell sharply due to the coronavirus pandemic. Shell said in its annual report that total emissions from its oil wells to forecourt fuel sales fell... Continue Reading →
