New Gunvor bribery ‘skeleton’ haunts oil tader’s pledge to reform
In late 2019 Gunvor Group, one of the world’s biggest oil traders, said it would make a clean break from the past by settling a long-running bribery case in Africa.
Brazil
New Fortress pulls trigger on floating LNG plan
New Fortress Energy has taken a final investment decision (FID) on its Fast LNG plan.
Wood earmarks $196million for bribery case settlements, agrees deal with Scottish authorities
Wood, the Aberdeen-headquartered energy services giant, has earmarked $196million in order to settle bribery cases with authorities in the US, Brazil and the UK.
Keppel delivers small-scale LNG carrier
Singapore’s Keppel Offshore & Marine (Keppel O&M) has delivered its second newbuild liquefied natural gas (LNG) carrier to small-scale integrated supplier Avenir LNG.
Firm at centre of north-east Brazilian Covid scare speaks out
The testing, inspection and certification firm at the centre of the north-east Brazilian Covid scare has spoken out about the unfolding health crisis.
Jason Leitch confirms north-east Brazilian Covid variant cases worked in oil and gas
Scotland’s National Clinical Director has confirmed the trio who tested positive in Aberdeen for the Brazilian Covid variant worked in oil and gas.
SBM ups dividend after job cuts
SBM Offshore had a tough year, increasing its dividend by 10%, while cutting around 600 jobs.
UKEF considering FPSOs in Brazil, pipeline in Uganda
As the period for comments on UK Export Finance’s (UKEF) plans close, a campaigning group has highlighted a number of hydrocarbon projects in which the agency may play a role.
Guyana-Suriname sees rig ‘demand surge’ as region bucks global trend
The Guyana-Suriname basin is helping drive a “surge” of oil rig demand in South America, bucking the global trend of depressed activity, according to new analysis.
Cyprus, Mexico to lead drilling in 2021
IHS Markit expects companies to drill 38 high impact wells this year.
TMC to provide compressors for Bonga FPSO
Norway’s TMC Compressors will provide a complete offshore topside compressed air system to the Bonga Main vessel offshore Nigeria.
Oil trader Trafigura denies Brazil prosecutor bribery claims
Trafigura Group Ltd. denied bribery allegations leveled by Brazilian prosecutors in a civil lawsuit claiming the commodities trader and its staff participated in a kickback scheme to win business with state oil producer Petroleo Brasileiro SA.
SBM Offshore hit with fresh corruption suspicions from Swiss prosecutor
SBM Offshore is seeking clarity from the Swiss Federal Prosecutor after it brought fresh suspicions of corruption against the Dutch contractor.
Oil companies on track to discover 10billion barrels in 2020 despite pandemic – Rystad
Oil companies are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
Revenues up 16% for SBM Offshore thanks to Guyana and Brazil FPSOs
Dutch shipbuilder SBM Offshore has seen underlying revenues increase by 16% thanks to major orders for FPSO vessels in Guyana.
Prosafe gets £21.7million Safe Notos extension with Petrobras
Prosafe has secured a contract extension worth £21.7million for its Safe Notos vessel with Petrobras.
Total trims spending on price volatility
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Total holds the dividend, cuts debt
Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
Subsea holds the key as TechnipFMC enjoys strongest quarter for orders
TechnipFMC enjoyed its strongest quarter of the year for new orders in the three months ended September 30, booking in $2.2 billion of new deals.
$20 per barrel for project approvals, Pouyanné states
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.
Total strikes deal to transfer Brazil basin blocks to Petrobras
Total has reached a deal to transfer its stakes in five exploration blocks in the Foz do Amazonas Basin, offshore Brazil, to Petrobras.
Oil project approvals to recover and exceed pre-Covid levels from 2022
The Covid-19 pandemic has devastated global oil and gas project sanctioning this year and will cause total committed spending to drop to around $53 billion from 2019’s $190 billion, Rystad Energy says.
UK to see world’s second-highest deployment of FPSO vessels in next five years
The UK North Sea will see the world's second-highest deployment of FPSO vessels in the next five years, according to new analysis.
Microsoft deepens oil ties, helping Petrobras weather pandemic
Big Oil is tapping Big Tech to keep drilling off the shores of Brazil even as the global pandemic traps workers at home.
TechnipFMC bags huge contract for Mero 2 project off Brazil
The Libra Consortium has awarded TechnipFMC a huge contract for the Mero phase two project offshore Brazil.