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.
petrobras
Technical development at heart of the solution
Oil and gas companies across the globe are facing something of a balancing act currently.
Switzerland ends tax deductions for bribes
Swiss companies will no longer be able to deduct bribes paid from taxes – as of January 2022.
SFO secures £1.2million from owner of luxury London home who bribed Petrobras
The Serious Fraud Office (SFO) has secured £1.2million from the owner of a luxury London apartment bought after bribing Brazilian state oil firm Petrobras.
Oil RenAIssance: Big Oil is tapping Big Tech once more
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
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.
Oil companies’ climate targets not what they seem
Two years ago, a group of the world’s largest oil companies announced a major commitment to fight climate change, promising to reduce methane emissions from their operations by 20 percent within seven years.
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.
$500bn in new project opportunities at Virtual Energy Exports Conference
More than US$500bn worth of project opportunities will be presented by key major project decision makers from around the globe at the Virtual Energy Exports Conference on Monday 28 September to Thursday 1 October (vEEC Week).
Subsea 7 clinches contract extensions worth £117m in Brazil
Subsea 7 has clinched one-year extensions worth £117 million to the contracts for three pipelay support vessels with Brazilian operator Petrobras.
BGS Online: Revolutionary approach in the event industry
Extraordinary times call for extraordinary solutions. In response to the travel constraints in Europe, BGS Group, the organizer of PRC Europe 2020, has announced the launch of a new virtual platform - BGS online.
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.
Third phase of Mero development off Brazil sanctioned
Total and its partners have taken an investment decision for the third phase of the Mero project offshore Brazil.
UK confiscates £5m London home linked to Petrobras bribery case
U.K. prosecutors have frozen a £5 million apartment in west London owned by a Brazilian businessman implicated in the Petrobras bribery scandal.
Floating production system market set for quick rebound, Westwood Global says
The floating production systems (FPS) market will rebound to $13 billion annually from 2021-24 with an average oil price of $60 per barrel, analysts have said.
Saipem wins £260m deal with Petrobras in Brazil
Italian oil and gas contractor Saipem has announced a multi-million pound deal with Petrobras at its Buzios pre-salt field.
Oil CEOs write open letter saying pandemic ‘sharpens focus’ on climate goals
The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it.
NOCs to slash over a quarter of exploration budgets on average in 2020
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
Prosafe vessel fleet use down by almost half in first quarter of 2020
Vessel-owner Prosafe has reported a significant knockdown in its fleet utilisation rate for the first quarter of 2020.
Petrobras looks to North Sea to decommission ‘former cash cow’ Campos Basin
Petrobras has set out the opportunity for UK firms to help decommission assets from its former “cash cow” Campos basin.
Africa Oil takes Nigeria dividend
Africa Oil has received its first dividend from its recently acquired Nigerian assets and has directed the cash to pay down a loan.
European oil firms leaving US counterparts behind in energy transition race, CMS report says
European and Chinese oil and gas firms are well ahead of US rivals in the energy transition race, new research has found.
Petrobras finally out of Africa
Petrobras has concluded the sale of its 50% stake in Petrobras Oil & Gas BV (POGBV), through which it held stakes in Nigeria’s Egina and Agbami fields.
Valaris pockets $200m after winning Samsung Heavy Industries dispute
UK headquartered driller Valaris has received a $200 million cash payment after winning a case against Samsung Heavy Industries (SHI).