Offshore Energy News - page 62


Solvberg Appointed NPD Director General

Oct 13, 2019

The Norwegian Petroleum Directorate (NPD) has announced the appointment of Ingrid Solvberg as Director for the Norwegian Sea and Barents Sea, replacing Bente Nyland.According to a note from NPD, Sølvberg was appointed by the King in Council on 11 October…

BP Spurs $10 Bln Divestment Target

Oct 11, 2019

BP will take charges of $2 to $3 billion in the third quarter, the British energy firm said on Friday, as it looks to reach divestments worth $10 billion by the end of 2019, a year ahead of schedule.In a statement, London-based BP said it expects…

Iranian Tanker Hit by Missiles, Oil Rises

Oct 11, 2019

Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants…

Total Says It Will Skip Brazil TOR Auction

Oct 10, 2019

Fance's Total SA, the big winner in a Brazilian auction of offshore oil concessions on Thursday, said it will not participate in a bigger auction scheduled for November 6 of the so-called Transfer of Rights area in Brazil's pre-salt region.The company's chief executive officer…

Brazil Oil Auction Draws $2.2 Billion

Oct 10, 2019

Ten companies on Thursday agreed to pay more than $2 billion for the exploration and production rights in 12 offshore oil blocks in Brazil, in what could be a promising sign for even bigger upcoming oil auctions.The most heavily sought after…

Brazil Oil Bidding Points to Future Auction Success

Oct 10, 2019

Brazil's mines and energy minister said the positive results of Thursday's round of bidding for the country's offshore oil blocks point to successful auctions later this year of the so-called Transfer of Rights area and pre-salt oil find.Minister…

Brazil Court Green Lights TOR Mega Auction

Oct 10, 2019

Brazil's Federal Audit Court known as the TCU unanimously approved on Wednesday the ground rules for a major auction of pre-salt oil concessions in a 'transfer of rights' (TOR) area off the country's southeastern coast.The government expects to raise 106 billion reais ($25…

Which Way for Gabon's Offshore Sector?

Oct 10, 2019

Gabon, sub-Saharan Africa’s eighth largest oil producer, last week participated in the last of its earlier scheduled nine events held in North America, Asia, Europe and Africa, to popularize the 12th shallow and deep water licensing round with only three months before the bidding process is closed…

Brazil's New Dawn

Oct 10, 2019

Brazil’s offshore oil and gas sector: it’s complicated, challenging and rife with opportunity.Brazil today is seeing offshore activity increase, production is on the rise, and its government has made significant strides to remove obstacles for investment…

Equatorial Guinea Says Currency Caps Will Hurt Energy Prospects

Oct 10, 2019

New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and 'destroy' Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.Equatorial Guinea…

Majors to Bid in Brazil's $800 Mln Oil Auction

Oct 10, 2019

BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks.Combined, the minimum…

Angola Seeks to Reduce Gas Flaring to Capture Revenue

Oct 09, 2019

Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday.The announcement of efforts to generate more revenues by reducing…

Senegal Delays Oil Licensing Round

Oct 09, 2019

Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until November 4 as contract documents still need to be finalized, oil minister Mahamadou Makhtar Cisse said.'We need to ensure the legal framework for investors…

Energy Recruiters Name Scotland Regional Manager

Oct 08, 2019

Norway-headquartered MDE Group, a global provider of energy recruitment services, continues to implement its UK sector growth strategy, by announcing the appointment of its first regional manager in Scotland.The company is a familiar name in the North Sea…

Johan Sverdrup Comes On Stream

Oct 05, 2019

Production has commenced from the giant Johan Sverdrup field in the Norwegian North Sea, operator Equinor announced on Saturday.The largest development in Norway for three decades, the mega project has started up more than two months ahead of and NOK 40 billion ($4…

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