1. Angola: anpg and total have reached an agreement on production sharing of block 29
Angola’s National Petroleum, natural gas and biofuels authority (anpg) and total E & P Angola recently signed a production sharing contract for block 29 in the Namibe basin. According to the signed contract, total E & P Angola is the operator of block 29, holding 42.8% shares. Block 29 is located in the deep water of the Namibe basin about 75 kilometers away from the coast of Angola, with an area of 5700 square kilometers and a water depth of 1500-2500 meters.
This is another historic milestone in the Angolan oil sector and another milestone in the constructive and open dialogue that has been established between national concessionaires and operators investing in Angola.
2. Tenaris signs tubular solution contract for subsalt mero 3 field with Petrobras
Tenaris won a contract to provide a full range of products, technologies and services for the Libra offshore exploration block (renamed mero 3) under the salt in Brazil, which is one of the largest deepwater discoveries in the world.
Tenaris’ complete tubular solution will support the production of the mero 3 field in the Santos basin, which is 13123 feet below the seabed. The total depth, including water depth, is 19356 feet. Mero’s estimated total recoverable capacity is 3.3 billion barrels of oil. The oil field is operated by a consortium composed of Petrobras, the Brazilian national oil company. Petrobras is the oil field operator, and shell, total, CNOOC and PetroChina are its partners.
3. Guyana made nearly $80 million from the seventh batch of crude oil
Guyana’s Ministry of natural resources said on August 9 that Guyana received nearly US $80 million from the seventh batch of crude oil allocated to the authorities by the Liza offshore project, the highest figure since exports began in early 2020.
The consortium led by ExxonMobil discovered about 9 billion barrels of exploitable oil and gas off the coast of Guyana, making the country the latest hot spot for crude oil exploration in the world.
4. Saudi Aramco is exploring opportunities to export blue hydrogen
The president and CEO of Saudi Aramco recently said that the company is exploring opportunities in the field of blue hydrogen and actively considering exporting to key markets in Asia, although the company is seeking to expand its portfolio by opening assets to release capital.
Saudi Arabia is building one of the world’s largest green hydrogen projects in neom. Neom is a future super city across the border between Egypt and Jordan. ACWA power and air products in Saudi Arabia are building this $5 billion project, which has a capacity of 4 GW and can produce 650 tons of hydrogen per day.
5. Baker Hughes received an undersea order from Chevron Australia
Recently, Baker Hughes signed a contract with chevron Australia to provide submarine compression manifold technology for jansz IO compression (j-ic) project.
Baker Hughes will provide subsea compression manifold structure (SCMS), including modules and foundations, as well as the latest version of horizontal clamp connector system and subsea control system of manifold structure.
Jansz IO gas field is located about 200km away from the northwest coast of Western Australia, with a water depth of about 1400m. It is part of Chevron’s huge Australian Gorgon LNG project.
6. Halliburton signs offshore oil well construction contract with sapura drilling
Halliburton announced yesterday that sapura drilling, a subsidiary of sapura energy, had awarded it a comprehensive offshore contract.
Sapura will appoint Halliburton as its technical partner to jointly implement an integrated drilling and completion (i-rdc) contract involving the construction of six offshore oil wells.
7. Talos energy withdrew from the bid for Albacora oil field in Brazil
Talos energy withdrew from a US based consortium consisting of eig global energy partners, 3R petroleum oleo e gas and enauta participacoes. The consortium is trying to acquire the shares of Petrobras in the Albacora and Albacora Leste fields off the coast of Brazil.
Petrobras owns 100% of albacore oilfield and 90% of Albacora Leste oilfield. Petrobras cooperates with Repsol Sinopec Brasil in Albacora Leste oilfield, which holds the remaining 10%.
8. Reliance Industries joins hands with Bill Gates to invest in ambri, an American energy storage company
Reliance Industries said on Tuesday that it would join the ranks of investors such as billionaire Bill Gates and investment management company Paulson & Co to jointly invest US $144 million in American energy storage company ambri.
A few months ago, Reliance Industries announced a $10 billion green energy plan to become a net zero emission company by 2035, and planned to build four “super factories” in Jamnagar, Gujarat, western India to produce solar cells and components, energy storage cells, fuel cells and green hydrogen energy.
Post time: Aug-11-2021