Daily Archives: October 23, 2017

Oil majors set to compete for pre-salt acreage in Brazil

Rate this article By _Offshore_Energy_Today_ Brazil’s oil and gas agency ANP has defined the criteria for winning blocks in the 2nd and 3rd Pre-Salt Bidding Rounds set to be held on Friday in Rio de Janeiro. The two rounds will offer blocks for exploration and production of oil and natural gas, on a production sharing…

After E&P, Engie now in talks to sell LNG business?

Rate this article By Offshore Energy Today French energy company Engie has said it has launched a strategic review of its upstream and midstream LNG activities. The company confirmed this on Monday, following press speculation that it is in talks to sell its LNG business to its rival and compatriot, Total. Engie, formerly known as…

OPEC, NON-OPEC oil output cut compliance reaches record level

Rate this article By Offshore Energy Today The OPEC-Non-OPEC producing countries that last year agreed to a deal to keep the oil production limited to stabilize oil prices are delivering more than promised, the Joint Ministerial Monitoring Committee (JMMC) said on Friday. According to JMMC, for the month of September 2017, OPEC and participating Non-OPEC…

CapeOmega buys stake in Norwegian offshore gas transmission system

Rate this article By Offshore Energy Today.. CapeOmega, a HitecVision-owned oil and gas company, has decided to buy Njord Gas Infrastructure Holding AS, a Norwegian company whose purpose is to own and operate its participating interest of 8.036% in Gassled. Gassled is a joint venture between infrastructure and petroleum companies on the Norwegian continental shelf…