09 August 2024
09 August 2024
Brazil's state-run oil giant Petrobras reported lower-than-expected results and decreased investment estimates, marking a significant drop from the previous year.
The Netherlands-based oilfield services provider will build and lease the floating storage and offloading (FSO) unit for a 20-year period.
The new government, taking office on 1 October, is considering a return to a model akin to the farm-out agreements from a decade ago.
The licences will facilitate an increase in oil output at the Mero and Buzios fields, both located in the Santos Basin of the Atlantic Ocean.
The Indian conglomerate will use naphtha supplies as partial payment for crude purchases, with the balance paid in dollars.
The US Energy Information Administration (EIA) stated that despite recent falls in crude oil prices, it expects an increase in the second half (H2) of 2024.
The implications of Labour’s tax increase are set to affect oil and gas companies across the North Sea, not just Harbour Energy.
During the April-June period, the company’s revenues and other incomes totalled $6.87bn, up from $6.73bn in the second quarter (Q2) of 2023.
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