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A service for energy industry professionals · Friday, April 4, 2025 · 800,024,454 Articles · 3+ Million Readers
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  • Published on 00:48 GMT

    Karoon closing on Baúna FPSO acquisition

    Karoon Energy expects to close its acquisition of the FPSO Cidade de Itajaí by the end of this month. This is connected to 12 subsea wells serving the Baúna and Patola fields in the Santos Basin offshore Brazil. The FPSO, at present operated by Altera …

    Source: Offshore - Neutral
  • Published on 00:48 GMT

    BW Energy granted production extension for Golfinho license offshore Brazil

    Brazil’s regulator ANP has extended the production phase for the Golfinho license in the offshore Espirito Santo basin by 11 years until 2042. It follows ANP’s approval last November of operator BW Energy’s field development plan.   "The extension …

    Source: Offshore - Neutral
  • Published on Apr 3, 2025

    BW Offshore’s arbitration saga with Brazilian firm ends in settlement

    Norwegian FPSO operator BW Offshore has reached a settlement with Brazil’s Prio Comercializadora, previously known as Petro Rio O&G Exploração e Produção de Petróleo, over a dispute concerning a floating production, storage, and offloading (FPSO) …

    Source: Offshore Energy - Neutral
  • Published on Apr 3, 2025

    BW Offshore gets $36m in court case settlement

    Floater specialist BW Offshore and Prio Comercializadora, previously known as Petro Rio, have settled an arbitration case dating back to 2021. In September 2021, Prio, then Petro Rio, filed a request for arbitration concerning the charter and services …

    Source: Splash 247 - Neutral
  • Published on Apr 3, 2025

    Brazilian Oil Production Increases By 1.1%

    (MENAFN- Brazil-Arab News Agency (ANBA)) Rio de Janeiro – Brazilian oil production reached 3.488 million barrels per day in February this year, according to data released on Tuesday (1st) in Rio de Janeiro by the country's oil regulator ANP . The …

    Source: MENAFN - Uncategorized
  • Published on Apr 2, 2025

    FG urges oil giants to ramp up investments in Nigeria's oil sector

    The Federal Government has called on International Oil Companies (IOCs) to significantly increase their investments in Nigeria’s oil and gas industry, stressing that the administration of President Bola Tinubu has already provided the necessary incentives …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on Apr 2, 2025

    Ramp up investments in oil and gas now, FG tells OICs

    The federal government has called on the International Oil Companies (IOCs) operating in Nigeria to ramp up investments in the country’s oil and gas sector, saying the administration of President Bola Ahmed Tinubu has provided all necessary incentives to …

    Source: Blueprint Newspapers Limited - Label Pending
  • Published on Apr 2, 2025

    Brazilian FPSO on track to change hands by month end

    Australia’s oil and gas company Karoon Energy is moving forward with the acquisition of a floating production, storage, and offloading (FPSO) vessel, which is deployed on its project off the coast of Brazil. Once the firm takes over the ownership of the …

    Source: Offshore Energy - Neutral
  • Published on Apr 3, 2025

    ANP extends BW Energy’s Golfinho licence production phase to 2042

    BW Energy has secured an extension for the Golfinho licence production phase, which is now set to continue until 2042. This development follows Brazilian oil and gas regulator ANP’s approval of the company’s field development plan in November 2024. The …

    Source: Offshore Technology - Neutral
  • Published on Apr 2, 2025

    FG to withdraw idle oil blocks, charges IOCs to drill or drop

    The Federal Government, yesterday, expressed concerns over the increasing number of idle and underdeveloped oilfields in Nigeria, warning International Oil Companies (IOCs) that they risked losing underutilised assets. Speaking at the Cross Industry Group …

    Source: The Guardian (Nigeria) - Uncategorized
  • Published on Apr 1, 2025

    FG to take over idle assets abandoned by oil firms in Nigeria – Lokpobiri

    The Federal Government of Nigeria has said it would soon begin enforcement of the “drill or drop” provisions of the Petroleum Industry Act (PIA), which empowers the government to take over idle assets abandoned by oil firms for an extended period. This was …

    Source: Nairametrics - Neutral
  • Published on Apr 1, 2025

    FG TO OIL GIANTS: MAKE INVESTMENTS NOW

    …says Government has done its part, industry must match efforts with tangible investments The Federal Government has called on International Oil Companies (IOCs) operating in Nigeria to ramp up investments in the country’s oil and gas sector, emphasizing …

    Source: Equity Media - Gov't Propaganda
  • Published on Apr 1, 2025

    Nigeria urges oil giants to boost country’s energy sector

    From Femi Folaranmi, Yenagoa The Federal Government has called on International Oil Companies (IOCs) operating in Nigeria to ramp up investments in the country’s oil and gas sector, emphasising that the administration of President Bola Ahmed Tinubu has …

    Source: The Sun Nigeria - Uncategorized
  • Published on Apr 1, 2025

    FG threatens to revoke dormant oil blocks licenses

    Minister of State Petroleum Resources (Oil), Senator Heineken Lokpobiri, on Tuesday, threatened to withdraw oil blocks from owners that have failed to meet a production target of 2.06 million barrels per day set by the federal government this year. …

    Source: Eagle Online - Neutral
  • Published on Apr 1, 2025

    North Sea oil firm Serica cuts output guidance after Storm Éowyn delays

    Serica expects to deliver between 33,000 and 37,000 boepd per day this year By HARRY WISE Updated: 10:43 EDT, 1 April 2025 Serica Energy has reduced its annual output guidance following troubles at a major offshore vessel. The AIM-listed group now expects …

    Source: Daily Mail - Right-wing
  • Published on Apr 1, 2025

    Serica Energy Lowers 2025 Output Forecast Due to Triton FPSO Issues

    Apr 1, 2025 Triton FPSO (Credit: Serica Energy) British oil and gas group Serica Energy lowered its outlook for 2025 total production on Tuesday, pressured by production delays at its Triton floating production storage and offloading unit in the North Sea. …

    Source: Offshore Engineer News - Neutral
  • Published on Apr 1, 2025

    Inpex has its hands full with FEED contests on giant Asian gas project

    Heavyweight services companies are in the frame for the front-end engineering and design prizes for the $19 billion Abadi gas-mega project in Indonesia, where operator Inpex has admitted it is very concerned about domestic supply chain pressures. The Abadi …

    Source: Upstream - Neutral
  • Published on Apr 3, 2025

    Why Tinubu sacked Kyari, dissolved NNPCL board

    There are strong indications that President Bola Ahmed Tinubu reluctantly approved the sack of Mele Kolo Kyari as Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), following mounting concerns about some aspects …

    Source: Daily Trust - Label Pending
  • Published on Apr 1, 2025

    South America, Middle East Emerge as Growth Drivers in Global Oil and Gas Investment

    South America, the Middle East, and Africa are emerging as key growth drivers in global oil and gas investment for the coming 3 to 5 years, fueled by greenfield developments, exploration, and midstream infrastructure spending currently in project pipelines …

    Source: Journal of Petroleum Technology - Neutral

04 days 01:41:01

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