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.
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.
The Wressle field is co-owned by Europa, HEYCO Energy Group and Union Jack Oil, and was first discovered in 2014.
bp has entered into an agreement with Apollo-managed funds for the sale of a non-controlling interest in its subsidiary, bp Pipelines TAP.
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.
Staatsolie has signed PSCs with PetroChina Investment Suriname, a subsidiary of China National Petroleum Corporation (CNPC).
Peru has sanctioned a financing package worth $1.75bn (6.59bn new sol) to assist the state oil company Petroperu, reported Reuters.
A court has issued an injunction against Ecopetrol and Petrobras, mandating a halt to the drilling of a gas well in Caribbean waters
Saipem has secured an offshore engineering, procurement, and construction (EPC) contract from QatarEnergy, worth approximately $4bn.
TC Energy’s Coastal GasLink has been fined C$590,000 for 10 additional penalties relating to environmental non-compliance.
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