Oil & Gas

  • ATC Signs MoU with Oman’s OQ for Energy Business...

    The Aramco Trading Company’s (ATC) signed today a non-binding Memorandum of Understanding (MoU) with Oman’s global integrated energy company, OQ SAOC, to explore joint commercial opportunities in the energy sector between the two companies.

     

  • UK North Sea: Exploration Well Count on Decline....

    The UK oil and gas industry regulator Oil and Gas Authority has launched its second Wells Insight report, which shows that the number of exploration and appraisal wellbores spudded has been on a decline, however, success rates have improved. OGA has also highlighted opportunities for oil firms to boost production through well interventions.

     

  • Brazil's Economy Minister Says Oil Firm...

    Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty.

     

  • SNOC lauds national development program graduates

    Sharjah National Oil Corporation (SNOC) and its Italian partner Eni, have conducted the graduation ceremony of participants in its third National Development Program (NDP). The ceremony took place on October 28th and was attended by H.H. Shaikh Mohammed Bin Ahmed Bin Sultan Al Qasimi, Deputy Chairman of the Sharjah Petroleum Council (SPC), as well as senior management from SPC and SNOC.

     

  • Petrobras Extends Safe Notos Flotel Charter

    Brazilian oil company Petrobras has extended the contract with offshore accommodation firm Prosafe for the use of the Safe Notos semi-submersible flotel. Petrobras will use the Safe Notos for safety and maintenance support offshore Brazil.

     

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Frontera to Lend $35M to CGX for Guyana Drilling

Guyana-focused oil companies Frontera Energy Corporation and CGX Energy, joint venture partners in the Corentyne block offshore Guyana, said Friday they'd entered into a $35 million loan deal that will enable CGX to continue to finance part of its share of costs related to the Corentyne Block, the Berbice Deepwater Port, and other budgeted costs as agreed to with Frontera.

 
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