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.
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Contract News
Staatsolie signs production sharing contracts with PetroChina for blocks offshore Suriname
Staatsolie has signed PSCs with PetroChina Investment Suriname, a subsidiary of China National Petroleum Corporation (CNPC).
Deal News
Peru approves $1.75bn package for state oil company Petroperu
Peru has sanctioned a financing package worth $1.75bn (6.59bn new sol) to assist the state oil company Petroperu, reported Reuters.
Company News
Colombian court orders Ecopetrol and Petrobras to cease drilling at Uchuva-2 well
A court has issued an injunction against Ecopetrol and Petrobras, mandating a halt to the drilling of a gas well in Caribbean waters
Contract News
Saipem secures $4bn EPC contract by QatarEnergy
Saipem has secured an offshore engineering, procurement, and construction (EPC) contract from QatarEnergy, worth approximately $4bn.
Industry News
TC Energy’s Coastal pipeline fined again for environmental non-compliance
TC Energy’s Coastal GasLink has been fined C$590,000 for 10 additional penalties relating to environmental non-compliance.
Industry News
UK Government buys National Grid’s electricity system operator for $828m
UK to buy the National Grid’s Electricity System Operator (ESO) for $827.95m, to “accelerate clean power mission”.
Deal News
ExxonMobil joins forces with Mitsubishi for hydrogen plant in Texas, US
ExxonMobil has signed a project framework agreement with Japan’s Mitsubishi for participation in its proposed hydrogen and ammonia facility.
Deal News
Gevo to acquire Red Trail Energy’s assets for $210m
Gevo signed a definitive agreement to acquire Red Trail Energy’s ethanol production plant and CCS assets for $210m.
Industry News
Nigerians go to court and want $310m from Shell, and halt an asset sale
Local community groups are asking for compensation from the energy giant for allegedly violating an exisiting deal.