DOF Group ASA has been awarded two new long-term contracts in Brazil. Following the same competitive tender process that resulted in the previously announced contract award of Skandi Achiever on a 4-year charter as RSV, Skandi Carla and Geoholm have also been contracted on 4-year charters with Petrobras. SourceContinue Reading
Azule Energy, a joint venture between bp and Eni, is fast-tracking its Namibia oil operations as it competes with companies including TotalEnergies SE to be among the first to produce crude in one of the world’s newest hotspots. SourceContinue Reading
A South African court has overturned a decision granting TotalEnergies environmental authorization for an oil exploration block offshore the country’s west coast, ruling that the environmental impact assessment for the block was “deeply flawed.” SourceContinue Reading
Canadian Natural Resources Ltd., Imperial Oil Ltd. and others are extending maintenance cycles to two-years from one, which saves on capital expenditure, increases output and effectively offsets declining profits resulting from lower oil prices. SourceContinue Reading
According to a new report by Enverus Intelligence Research (EIR), repowering legacy sites with gas, nuclear and geothermal could unlock firm, low-carbon energy faster by bypassing interconnection bottlenecks and greenfield delays. SourceContinue Reading
Brazil’s state-controlled oil company received permission from regulators to perform emergency response drills near the mouth of Amazon River, a crucial step toward winning approval to explore in a region the company has been pushing to access for years. SourceContinue Reading
Venture Global Inc., one of the largest U.S. exporters of liquefied natural gas, has prevailed over oil giant Shell Plc in an arbitration case over the sale of cargoes from its first export plant, capping a two-year fight. SourceContinue Reading
Global oil markets are on track for a record surplus next year as demand growth slows and supplies swell, the International Energy Agency said. SourceContinue Reading
ExxonMobil has signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby Guyana. SourceContinue Reading
ConocoPhillips has contracted Halliburton to deliver comprehensive well stimulation services to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods. SourceContinue Reading
