(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday. As widely expected, the companies participating include […]
Tag: Total
Guyana Key Elections To Come Ahead Of First Oil
(Argus, 26.Sep.2019) ) — Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that promises to transform the economy of the tiny South American country. The ruling People’s National Congress (PNC) party that has overseen the advent of oil […]
Diplomats Say Guyana Gov’t In Breach Of Constitution
(Reuters, 19.Sep.2019) — U.S. and European diplomats on Thursday declared Guyana’s government in breach of the country’s constitution until new elections are held and called on Guyanese President David Granger to “set an elections date immediately” or possibly face a cutoff of development funding. Guyana’s independent electoral body on Thursday […]
Eco Atlantic Reports 2nd Oil Discovery Offshore Guyana
(Eco, 16.Sep.2019) — Eco (Atlantic) Oil & Gas Ltd. announces a second oil discovery on the Orinduik Block, offshore Guyana. The Joe-1 exploration well was drilled by the Stena Forth drillship to a final depth of 7,176 feet (2,175 meters) in approximately 2,546 feet (780 meters) of water. Evaluation of […]
Petrobras’ P-68 Departs For Berbigão And Sururu fields
(Petrobras, 16.Sep.2019) — Petrobras reports that the P-68 platform left today the Jurong Aracruz Shipyard, heading to the Berbigão and Sururu fields, in the Santos Basin pre-salt. Production of these fields is expected to begin in the fourth quarter of 2019. In line with its 2019-2023 Business and Management Plan, […]
Tullow Announces Joe-1 Oil Find Offshore Guyana
(Tullow, 16.Sep.2019) — Tullow Oil plc announces the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. The Joe-1 exploration well was drilled by the Stena Forth drillship to a Total Depth of 2,175 metres in water depth of 780 metres. Evaluation of […]
Total Restates Commitment To Nigeria
(Total, 9.Sep.2019) — The top management of Total in Nigeria led by the Country Chair and Managing Director of Total E&P Mr. Mike Sangster, the Managing Director of Total Nigeria Plc Mr. Imrane Barry on Tuesday August 27, 2019 paid a courtesy call on the Minister of State for Petroleum […]
Eco Atlantic Spuds Joe-1 Well Offshore Guyana
(Eco, 27.Aug.2019) — Eco (Atlantic) Oil & Gas Ltd. said drilling of the Joe prospect has commenced offshore Guyana, the company’s second exploration well on the Orinduik Block. Joe-1 was spud at 14.45hrs (Local Guyana time) on 25 August 2019 using the Stena Forth drillship, which previously drilled the recently […]
Equinor Signs Deal With YPF
(Zacks Equity Research, 22.Aug.2019) — Equinor ASA recently announced the signing of a deal with the Argentine energy company, YPF Sociedad Anónima YPF, to jointly conduct exploration activities in the CAN 100 Block. The offshore prospect — acquired by YPF Sociedad in May — is located in the North Argentinian […]
Equinor Inks Deal With YPF, Expands In Argentina
(Zacks, 22.Aug.2019 ) — Equinor ASA recently announced the signing of a deal with the Argentine energy company, YPF Sociedad Anónima YPF, to jointly conduct exploration activities in the CAN 100 Block. The offshore prospect — acquired by YPF Sociedad in May — is located in the North Argentinian Basin. […]
Argentina’s Energy Secretariat Meets With Governors, Companies
(Energy Analytics Institute, Aaron Simonsky, 20.Aug.2019) — Argentina’s Energy Secretariat Gustavo Lopetegui held a meeting in provinces with governors and oil company executives to discuss recently announced freezes to oil and fuel prices. This was the first such discussion in which the Argentine government sought to establish joint dialogue with […]
‘The More Operators In Guyana’s Oil Fields The Better’
(Stabroek News, 20.Aug.2019) — Guyana is better off with more operators and countries involved in its oil fields, British High Commissioner to Guyana Gregory Quinn has said in wake of UK-based Tullow Oil’s recent offshore oil discovery. Tullow last week announced the discovery of oil in commercial quantities in its […]
PDVSA Partners Fear Latest U.S. Sanctions: Sources
(Reuters, Luc Cohen, 14.Aug.2019) — Foreign joint venture partners with Venezuelan state-owned oil company PDVSA are concerned the latest set of U.S. sanctions on the South American country could disrupt their operations, three industry sources said. The Trump administration last week froze all Venezuelan government assets in the United States […]
Guyana To Boost Royalties On Future Oil Licenses
(Reuters, 3.Jul.2019) — Guyana is preparing to raise the take of the government in future oil licences, the director of the South American country’s Department of Energy said on Wednesday. U.S. energy giant Exxon, French group Total and Britain’s Tullow Oil are drilling wells offshore Guyana, where Exxon has discovered […]
Total, Shell, Petrobras Launch Mero 2 Project Offshore Brazil
(Chron.com, Jordan Blum, 12.Jun.2019) — The Libra Consortium led by Petrobras, Royal Dutch Shell and Total said they’ve authorized construction of the multibillion-dollar Mero 2 project offshore of Brazil. The authorization shows the international offshore sector is continuing a slow but steady rebound worldwide. The new development involves building a […]
Mexico’s Fuel Market To Be More competitive in 2020
(Platts, 10.Jun.2019) — Mexico’s already liberalizing fuel market will become far more competitive in 2020 as several private midstream projects start operations, multiple oil company executives say. Infrastructure shortages has allowed state Pemex to control more than 90% of Mexico’s gasoline imports in March, according to government data, despite the […]
Total CEO Says Planned Buy Of Anadarko’s Africa Assets ‘Perfectly Fitting’
(Reuters, Humeyra Pamuk, 16.May.2019) — French energy giant Total SA’s planned acquisition of U.S. firm Anadarko’s African assets is “perfectly fitting” with the company’s overall strategy and helps play to its strengths, Chief Executive Patrick Pouyanne said on Thursday. Total agreed to buy all of Anadarko’s oil-and-gas-producing assets outside the […]
Sempra Energy Starts Production At Train 1 Of Cameron LNG Facility
(Sempra, 14.May.2019) — Sempra Energy announced that Cameron LNG has begun producing liquefied natural gas (LNG) from the first liquefaction train of the Cameron LNG export project in Hackberry, La. “Reaching this important milestone of first LNG production is truly a credit to the team at Cameron LNG and the […]
Vista Preps First Two Shale Oil Pilots In Vaca Muerta
(S&P Global Platts, 26.Nov. 2018) — Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on the Argentinian shale play for oil and natural gas production growth. The Mexico City-based company got a 35-year production license for a block in the […]
Total Enters Brazil Fuels Sector With Purchase Of Grupo Zema Business
(Total, 22.Nov.2018) — Total has entered into an agreement with Brazilian company Grupo Zema to acquire its fuel distribution company Zema Petróleo, its reseller and retailer arm Zema Diesel as well as its importation company Zema Importacao. Zema Petróleo currently manages an extensive branded network of 280 dealer-operated service stations […]
France’s Total Sets Up Production Hub In Jamaica
(Jamaica Observer, Karena Bennett, 18.Nov.2018) — Months after announcing plans to expand operations in Jamaica, Total Jamaica has set up a production hub on the island from which it is looking to export lubricants across the Caribbean. According to the recently appointed Managing Director of Total Jamaica, Christopher Okonmah, Jamaica […]
The Next Offshore Boom: Is Senegal The New Guyana?
(Oilprice.com, Viktor Katona, 12.Nov.2018) — I know what you think – such a headline is quite reckless given that Guyana has not produced any oil so far and it is not until 2020 that we can actually start talking about a Guyanese oil miracle. Still, Guyana is one of the […]
Aker Solutions Wins Subsea Order for Libra’s Mero Field Offshore Brazil
(Aker Solutions, 5.Oct.2018) — Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil’s pre-salt area. The subsea production system will consist of 12 vertical […]
France’s Total Enters Orinduik Block Offshore Guyana
(OffshoreEnergyToday, 13.Sep.2018) — French oil major Total has exercised its option to acquire a 25 percent working interest in the Orinduik block offshore Guyana after a competent persons report identified potential for almost three billion barrels of oil equivalent. Eco Atlantic, a partner in the Tullow-operated Orinduik block, said on […]
Tullow Oil to Drill First Guyana Well in 3Q:19
(Reuters, 5.Sep.2018) — Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik licence bordering discoveries by Exxon, a spokesman said on Wednesday. Exxon and U.S. partner Hess Corp have said that more than 4 billion […]
Big Oil Asks Gov’t to Protect it from Climate Change
(AP) — As the United States plans new defences against the more powerful storms and higher tides expected from climate change, one project stands out: an ambitious proposal to build a nearly 60-mile ‘spine’ of concrete seawalls, earthen barriers, floating gates and steel levees on the Texas Gulf Coast. Like […]
Jusepin Oil Region in Venezuela: 45 Seconds of Fame
(Energy Analytics Institute, Piero Stewart, 17.Aug.2018) – Venezuelan opposition leader Maria Corina Machado tours the Jusepin petroleum region in Venezuela. https://twitter.com/i/status/1030477377988710401 Jusepin is just one of many petroleum-rich areas in Venezuela, the country with the world’s largest oil reserves. ***
PdV, Joint Ventures Miss Oil Targets
(Argus, 9.Aug.2018) – Venezuela’s state-owned PdV and its joint ventures fell short of officially targeted crude production by more than 125,000 b/d in July, according to an internal PdV upstream report obtained by Argus. The steepest shortfalls were registered in the Orinoco heavy oil belt — long touted by the […]
Total Advances Renewable Projects in Brazil
(UPI, Daniel J. Graeber, 18.Jul.2018) – A renewable energy division of French supermajor Total said Wednesday it was moving forward with new solar power developments in Brazil. Total in September paid about $275 million to acquire a 23 percent stake in renewable energy company Eren, naming the new entity Total […]
Jusepín Oil Spill Demonstrates PDVSA Safety Failures
(Maritime Herald, 9.Jul.2018) – The oil spill that occurred this Friday, July 6 in two tanks of the secondary recovery plant of the Jusepín Operational Complex of Pdvsa, demonstrates the safety failures of the Venezuelan state industry. This is what the biologist, Alejandro Álvarez Iragorry, considers that what happened for […]
Macri’s Reverse Unnerves Shale Investors
(Financial Times, Benedict Mander, 25.Jun.2018) – The collapse of the Argentine peso and the government’s struggle to tackle soaring inflation are causing disquiet among companies developing Vaca Muerta, one of the world’s largest deposits of shale oil and gas. In his drive to liberalise Argentina’s energy markets, President Mauricio Macri […]
Gazprom Reiterates Interest in Bolivia
(Energy Analytics Institute, Jared Yamin, 16.Jun.2018) – Russian oil giant Gazprom remains attracted to the hydrocarbon opportunity set in Bolivia in South America. A working meeting between Gazprom Management Committee Chairman Alexey Miller and Bolivia’s President Evo Morales was held at Gazprom’s office in Moscow where various agreements were signed […]
Total, Siemens Hope to Sign Cuban LNG Deal Soon
(Reuters, Marc Frank, 30.Apr.2018) — French energy firm Total SA and German industrial giant Siemens AG hope to sign a deal soon with Cuba to build a 600 megawatt gas-fired power plant on the island, according to diplomats and businessmen with knowledge of the talks. The two are leading a […]
The insignificance of Venezuela’s 342-year R/P ratio
(Energy Analytics Institute, Pietro D. Pitts, 24.May.2018) – Venezuela’s reserves-to-production or R/P ratio was a remarkable 342 times in 2016 based on reserves of 300.9 billion barrels and production of 2.41 million barrels per day (MMb/d), according to BP’s Statistical Review of World Energy. Today, in a best-case scenario, Venezuela’s […]
Venezuela’s Oil Sector Glory Days [EAItv]
(Energy Analytics Institute, Piero Stewart, 1.May.2018) – A brief look at Venezuela’s oil sector glory days. Will they return?
Total President Says Output At One Venezuela Field Down 33%
(Energy Analytics Institute, Piero Stewart, 22.Apr.2018) – Patrick Pouyanne, the Chief Executive Officer of French major Total, announced production at one of its oil fields in Venezuela was down to 80,000 barrels per day (b/d) from 120,000 b/d. Pouyanne made the comments during an oil summit in Paris, reported Oil […]
Mexico Awards Blocks In Final Oil Auction Before Election
(Reuters, David Alire Garcia & Marianna Parraga, 27.Mar.2018) — Mexico awarded just under half of the 35 shallow-water blocks it tendered on Tuesday, in an auction muddied by the promises of the presidential frontrunner to review contracts awarded under a historic energy opening if he wins the July 1 election. […]
Vaca Muerta Megaproject – A Fracking Carbon Bomb In Patagonia
(Observatorio Petrolero Sur, 5.Feb.2018) — Vaca Muerta is a leading case for the next generation of fossil fuels. Big Oil and Gas companies are keen to turn it into a success story —which is why we collectively need to put a stop to this if we are serious about restricting […]