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Brazil Court Green Lights TOR Mega Auction

October 10, 2019

Brazil's Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a "transfer of rights" (TOR) area off the country's southeastern coast. The government expects…

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Majors to Bid in Brazil's $800 Mln Oil Auction

October 10, 2019

BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks. Combined, the minimum…

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Maersk Supply Service Wins Brazil Project

October 9, 2019

Maersk Supply Service said it will provide an integrated mooring lines life extension solution for Shell’s floating production, storage and offloading unit (FPSO) Fluminense, including project management, engineering, interface management and offshore execution off the coast of Rio de Janeiro.

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Keppel, Sembcorp Reach Deal with Embattled Brazil Firm

October 7, 2019

Singapore firms Keppel Corp and Sembcorp Marine said on Monday they had reached settlements with indebted Brazilian firm Sete Brasil over long-standing contracts to build drillships and rigs. Sete, which leased oil rigs to Brazil's state oil firm Petroleo Brasileiro SA (Petrobras)…

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Hibiscus Oil Find Bigger than Expected

October 4, 2019

Panoro Energy reported drilling results in the Hibiscus Updip well (DHIBM-1), located on Dussafu Marin Permit, offshore Gabon, “have significantly exceeded expectations” the company's CEO John Hamilton said. Panoro and operator BW Energy estimate…

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BP Names Bernard Looney as Next CEO

October 4, 2019

Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy. BP on Friday appointed Looney…

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Shell Awards Pierce Scope to Subsea 7

October 4, 2019

Services company Subsea 7 said it has secured a contract from Shell for the Pierce depressurisation project in the UK North Sea, located approximately 160 miles offshore, east of Aberdeen. Shell announced it has taken financial investment decision (FID) for the project on Thursday.

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Energean FPSO Hull Floated Out

October 4, 2019

The hull of Energean Oil and Gas’ Energean Power FPSO has been undocked and floated out from the COSCO Shipyards’ dock in Zhoushan, China, about 10 months after first steel cut. Once completed, the FPSO will be deployed at Energean’s Karish and Tanin fields offshore Israel…

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13 Firms Approved to Bid in 6th Pre-salt Round

October 3, 2019

Thirteen companies have been approved by Brazilian authorities to participate in a November oil bidding round for offshore exploration and production rights. The companies were cleared to participate in the so-called 6th pre-salt bidding round…

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Shell Reaches FID for Pierce Upgrade

October 3, 2019

Operator Shell and its partner Ithaca Energy have taked final investment decision (FID) to upgrade the Pierce oilfield in the UK North Sea so that it can produce natural gas, Shell said on Thursday. The depressurization project involves modifying the existing floating production…

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Japan JV Sells Frade Stake to PetroRio

October 3, 2019

Japan's Inpex Corp, Sojitz Corp and Japan Oil, Gas and Minerals National Corp (JOGMEC) said on Thursday they exited the Frade oil field in Brazil by selling their stakes to partner PetroRio S.A. The three entities, which owned an 18.3% stake in the oil field through a joint venture…

Brazil Tops Record Monthly Oil Production

October 2, 2019

Brazil's oil production in August reached 2.989 million barrels per day, up 18.5% over the same month a year ago, as monthly output hit a record high, oil regulator ANP said on Wednesday. Brazilian natural gas production in August rose 25.3% from a year ago to 133.3 million cubic meters per day…

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DoJ Drops Shell Investigation

October 2, 2019

Royal Dutch Shell said on Wednesday that it had been informed by the U.S. Department of Justice that it had closed its inquiry into Shell over the 2011 $1.3 billion acquisition of a Nigerian offshore oilfield. Shell and Italy's Eni are both…

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US DOJ Closes Eni Investigations

October 1, 2019

The U.S. Justice Department has closed its investigations into alleged corruption by oil major Eni in Nigeria and Algeria without taking any action, the Italian energy group said on Tuesday. Eni, the biggest foreign oil and gas producer in Africa…

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Excelerate Charters Out Maran Gas FSRU

October 1, 2019

Excelerate Energy and Maran Gas Maritime have signed a five-year bareboat charter agreement (BBC) for the floating storage regasification unit (FSRU) hull 2477. During the five-year BBC Excelerate will have the option to purchase Hull 2477.

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Yinson Wins Extension for Vietnam FPSO

September 30, 2019

The floating, production, storage and offloading (FPSO) service provider in Malaysia, Yinson Holdings Bhd has been awarded a contract extension for its Lam Son FPSO for operations on the Lam Son field, located offshore Vietnam. "On 30 September 2019…

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14 Firms to Bid in Brazil's Massive TOR Auction

September 30, 2019

Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday.

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BP CEO Dudley Planning to Step Down

September 30, 2019

BP Chief Executive Officer Bob Dudley is drawing up plans to step down next year, ending a tumultuous decade at the helm of the oil and gas company that swung from near collapse in 2010 to rapid growth today, sources close to the company said on Monday.

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Barossa FID Expected in Early 2020

September 27, 2019

Santos, a partner in the Barossa offshore gas and light condensate development offshore Australia, said the project is moving toward a final investment decision (FID) early next year following operator ConocoPhillips awarding the gas export pipeline contract to Dutch contractor Allseas.

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BHGE, Ocean Installer Win Balder X Subsea Scope

September 27, 2019

Independent oil and gas company Vår Energi has awarded a contract to oilfield services company Baker Hughes, a GE company (BHGE) and Norwegian subsea contractor Ocean Installer for the engineering, procurement, construction and installation…

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Montara Umbilical Cables Replaced

September 26, 2019

Independent oil and gas company Jadestone Energy said replacement subsea umbilical cables have been installed at the Montara complex, offshore Australia. The project to replace the umbilical cables, which provide electrical power and control signals to the Montara complex subsea well-heads…

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