trends

(Bloomberg) –A South African court overturned a decision granting TotalEnergies SE environmental authorization for an oil exploration block offshore the country’s west coast.  The Western Cape High Court ruled that the environmental impact […]

(Bloomberg) — 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.  […]

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.  Under the agreement, Tidewater’s vessel, […]

(Bloomberg) — TotalEnergies SE is planning a fresh drilling campaign offshore South Africa in a vast basin that includes major oil discoveries in neighboring Namibia.  Total’s South African unit expects to drill as […]

Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by Vantage Drilling and 75% by TotalEnergies.  As previously announced, […]

Valmet has signed a nationwide agreement with Petrobras (Petróleo Brasileiro S.A.) for the supply of spare parts of Neles™ valves, actuators, and positioners across all Petrobras operational units, including oil and natural gas exploration, production, […]

(Bloomberg) – Shale oil producers added a single drill rig this week after 14 consecutive weeks of declines, staving off at least for now a pandemic-level downturn in U.S. activity.  Rigs drilling for […]

Ammat Global Resources has announced an ambitious growth strategy for exploration and production in the Republic of Congo, aiming to increase the company’s oil and gas output by 70% over the next five years.  […]

ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total […]

(Bloomberg) — Brazil’s state-controlled oil producer Petrobras reported weaker-than-expected results and cut its dividend after lower oil prices offset stronger production figures.  Petroleo Brasileiro SA, as it is formally known, increased investments 30.6% […]