Contract News
Subsea7 secures pipelay support vessel contracts from PetrobrasÂ
Subsea7, a company providing subsea engineering and services for the energy sector, has announced the award of four contracts from Brazil’s Petrobras.
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Gas
RusChemAlliance sues five European banks over cancelled gas plants in Russia
Russia’s oil industry is still operating in various parts of the world, with Russian crude accounting for 44% of India’s overall imports
Company News
Woodside Energy discussing partnerships for Driftwood LNG projectÂ
Woodside Energy is currently in discussions with potential partners for its Driftwood liquified natural gas (LNG) project, aiming to secure a stable gas supply and enhance revenues for US gas producers, reported Reuters, citing CEO Meg O’Neill.Â
Industry News
South Sudan ready to start moving oil through Sudan again
South Sudan is now nearer an agreement with Sudan over the transportation and export of crude oil, after months of delays and disputes.
Company News
Petrobras’ new plan prioritises upstream oil and gas operationsÂ
Petrobras is set to emphasise upstream oil and gas operations in its forthcoming 2025-29 strategic plan, reported Reuters, citing the company’s CFO Fernando Melgarejo. Â
Deal News
MidOcean Energy to buy further 15% stake in Peru LNG from Hunt
MidOcean Energy, an EIG-managed LNG company, has entered into a definitive agreement to acquire an additional 15% interest in Peru LNG from Hunt Oil Company. Â
Industry News
Approval secured for Wressle oil and gas field extension in North Lincolnshire
The Wressle field is co-owned by Europa, HEYCO Energy Group and Union Jack Oil, and was first discovered in 2014.
Deal News
Apollo to purchase $1bn stake in bp Pipelines TAPÂ
bp has entered into an agreement with Apollo-managed funds for the sale of a non-controlling interest in its subsidiary, bp Pipelines TAP.
Gulf of Mexico
Hurricane Francine: a fifth of the Gulf of Mexico’s oil production still locked in
Almost a fifth of Gulf of Mexico oil production is still out of action, or 340,000 barrels per day (bpd), thanks to Hurricane Francine.
Contract News
Staatsolie signs production sharing contracts with PetroChina for blocks offshore SurinameÂ
Staatsolie has signed PSCs with PetroChina Investment Suriname, a subsidiary of China National Petroleum Corporation (CNPC).Â