Business & Finance
More acreage for PetroRio in Brazil as Petrobras sells deepwater field
In line with its divestment strategy, Petrobras has agreed to sell its entire stake in a Brazilian deepwater field to PetroRio.
This year’s oil & gas payments to governments to smash records, Rystad says
High commodity prices and increasing oil & gas supply are set to push upstream sector payments to governments to an all-time high, Rystad says.
Petrobras collects about $2 bln from Shell and TotalEnergies for stakes in Brazilian field
Shell and TotalEnergies have paid for an increased stake in the Petrobras-operated Atapu field located offshore Brazil.
TechnipFMC’s subsea orders hit $1.9 billion in Q1 2022
TechnipFMC has reported $1.9 billion of inbound subsea orders in the first quarter of 2022, an increase of 83% when compared to the fourth quarter of 2021, resulting in a book-to-bill of 1.5. For the Subsea segment, TechnipFMC reported revenue of $1,289.1 million, a 4.3% increase from the fourth qua
TotalEnergies takes $4.1 bln impairment charge on Russian Arctic LNG 2 project
TotalEnergies will no longer book proved reserves for the Arctic LNG 2 and will book a $4.1 billion impairment charge on Novatek’s project.
Valaris sells two stacked rigs to ADES
Offshore rig owner Valaris has sold two jack-up rigs to a subsidiary of the UAE-based operator ADES International Holding.
Hamlet proves to be an oil and gas discovery
Oil and gas company Neptune Energy has confirmed an oil and gas discovery at its Hamlet exploration wells in the North Sea off Norway.
Saipem picks contractor to supply electrical module for FPSO destined for giant deepwater oilfield
Saipem has selected GE Power Conversion to supply an electrical module for an FPSO, which will be deployed on Petrobras’ field off Brazil.
Activists in Germany turn off oil pipelines in protest against North Sea drilling
Activists in Germany turned off crude oil pipelines at five locations, calling the government to stop new fossil fuels projects.
ExxonMobil digs up three more oil discoveries in Guyanese waters
ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block.
EU’s Innovation Fund launches €100M call for innovative low-carbon projects
The European Commission has launched a call for small-scale projects focusing on innovative technologies in renewable energy, heavy industry, energy storage, and carbon capture as part of its Innovation Fund.
Danes on the lookout for energy islands consultant
Danish energy operator Energinet has issued a tender looking for consultancy services for the expected subsea cable routes of the planned Energy Islands in the North and Baltic Seas. The scope of work includes consultancy services regarding the external threat and risk assessment as well as assessme
Report claims worker died at Indian yard while scrapping former BW Offshore FPSO but BW says incident unrelated to its vessels – updated
A worker lost his life while scrapping an FPSO vessel, formerly owned by BW Offshore, at an Indian beaching yard on 21 April.
First gas flows between Denmark and Norway after Baltic Pipe North Sea construction ends
Energinet has completed all work on the Baltic Pipe project in the North Sea, after several years of preparation and construction work. According to the Danish transmission system operator (TSO), the extensive construction work in the North Sea has been completed and this weekend there was a “hole t