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Wheels up for Petrobras to become sole owner of Brazilian offshore fields

Brazilian state-owned energy giant Petrobras has taken steps to consolidate its ownership in two assets in the Campos Basin by acquiring interests Petronas Petróleo Brasil Ltda. (PPBL), a subsidiary of Malaysia’s energy giant Petronas, holds in the field duo off the coast of Brazil. The post Wheels up for Petrobras to become sole owner of Brazilian offshore fields appeared first on Offshore Energy.

Seadrill’s JV with Sonangol lines up more work for 2015-built drillship in Angola

Sonadrill, a 50:50 joint venture between an affiliate of Sonangol E.P. and Bermuda-headquartered offshore drilling contractor Seadrill, has picked up a multi-well job in Angolan waters for an ultra-deepwater drillship, enabling the rig to stay longer on its existing assignment in the African country. The post Seadrill’s JV with Sonangol lines up more work for 2015-built drillship in Angola appeared first on Offshore Energy.

Angola’s first non-associated gas development goes live

Azule Energy, a joint venture between two energy majors, Italy’s Eni and the UK’s BP, has put into operation an offshore project, which is described as the first non-associated gas development in Angola. The post Angola’s first non-associated gas development goes live appeared first on Offshore Energy.

US rubber-stamps oil transportation restart from asset offshore California

Sable Offshore, a Texas-headquartered oil and gas company, has been given the thumbs-up to resume oil flow from its Santa Ynez Unit (SYU) and pipeline system off the coast of California to address supply disruption risks. The post US rubber-stamps oil transportation restart from asset offshore California appeared first on Offshore Energy.

US oil sanctions waiver seen as ‘financial lifeline’ for Russia

Germany’s non-profit environmental research organization, Urgewald, has offered its take on Washington’s decision to present Russia with a month-long sanctions waiver amid the Middle East conflict between Iran and the United States (U.S.)-Israel alliance.   The post US oil sanctions waiver seen as ‘financial lifeline’ for Russia appeared first on Offshore Energy.

Middle East conflict affects around 15% of TotalEnergies’ total output

France-headquartered energy giant TotalEnergies has provided insight into the impact the ongoing conflict between the U.S.-Israel alliance and Iran is having on its activities, highlighting its expectations of being able to offset the loss caused by the production halt in the Middle East with higher oil prices. The post Middle East conflict affects around 15% of TotalEnergies’ total output appeared first on Offshore Energy.

Go-ahead for Pelican State’s multibillion-dollar LNG project to up its export ante

Venture Global, an American producer of liquefied natural gas (LNG) sourced from North American basins, has received the green light from the U.S. Department of Energy (DOE) to augment exports from its LNG facility south of New Orleans, Louisiana. The post Go-ahead for Pelican State’s multibillion-dollar LNG project to up its export ante appeared first on Offshore Energy.