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Petrobras in final preparatory stage to start production from Sepetiba

OilNOW -
The FPSO Sepetiba, a floating production, storage, and offloading (FPSO) platform, has arrived in Brazil from China. After undergoing necessary legal and technical procedures, the FPSO will be deployed to the Mero field in the Santos basin's Libra section.  This...
News

“Very big deal for Guyana to have its own capping stack” –  Exxon Project Manager

OilNOW -
A key provision in ExxonMobil’s permit for the massive Yellowtail project offshore Guyana requires the company to have a capping stack maintained, tested, and stored in country. And this, according to Exxon’s Project Manager, Anthony Jackson, should be considered...
News

TotalEnergies comes out swinging with US$9 billion investment proposal for first Suriname development

Shikema Dey -
Deepwater oil development offshore Suriname is finally coming. TotalEnergies on Sept. 13 announced plans to plug US$9 billion in a Block 58 development to extract the massive oil finds hidden in the Sapakara South and Krabdagu fields - close to...
Business Wire

Hunting PLC (“Hunting” or “the Company” or “the Group”) Capital Markets Day

LONDON--(BUSINESS WIRE)--Hunting PLC (LSE:HTG), the global engineering group, provides the following update ahead of its Capital Markets Day that will be held today at 2.00pm BST / 8.00am CST at the London Stock Exchange. The Company’s senior management team will...
News

Exxon’s supplier partnerships yielding game-changing cost savings in Guyana, says Hess boss

OilNOW -
ExxonMobil, one of the world’s largest publicly traded oil and gas companies, and operator of the Stabroek Block in Guyana, has been aggressively pushing back on cost pressures for its projects offshore the South American country. Bringing this to...
News

Petrobras revising divestment strategy, puts Urucu, Bahia-Terra, Manati, and Argentine subsidiary sales on pause

OilNOW -
In line with shifting priorities, Brazil’s Petrobras has axed the divestment of four major assets as it seeks to revise the process. Its sale of the onshore Urucu and Bahia-Terra clusters, the Manati oilfield, and its Argentine subsidiary, Petrobras...
News

Nigeria’s Oando PLC to acquire NAOC from Eni

OilNOW -
Italian energy giant Eni has declared the signing of an agreement to sell its wholly-owned subsidiary, Nigerian Agip Oil Company Ltd (NAOC Ltd), to Oando PLC. Oando PLC, an energy solutions provider, is prominently listed on both the Nigerian...
Business Wire

Flame Acquisition Corp. Announces Stockholder Approval of Extension Proposal

HOUSTON--(BUSINESS WIRE)--Flame Acquisition Corp. (“Flame”) today announced the results for the proposal considered and voted upon by its stockholders at its special meeting on August 29, 2023. Flame reported that the proposal to amend Flame’s amended and restated certificate...
News

BW Energy moves forward with acquisition of FPSO Cidade de Vitória in Brazil

OilNOW -
Oslo-based BW Energy is set to proceed with its acquisition of the FPSO Cidade de Vitória, located on the Golfinho field in Brazil, following an agreement reached with the vessel's Italian owner, Saipem. This development comes more than a...
Business Wire

Cool Company Ltd. Q2 2023 Business Update

HAMILTON, Bermuda--(BUSINESS WIRE)--This release includes business updates and unaudited interim financial results for the three ("Q2", "Q2 2023" or the "Quarter") and six months ("1H 2023") ended June 30, 2023 of Cool Company Ltd. ("CoolCo" or the "Company") (NYSE:CLCO...
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CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...

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