This is in advance of the Group’s Full Year Results, which are scheduled for release on Wednesday 13 February 2019. The information contained herein has not been audited and may be subject to further review and amendment.
CAPE Investment Partners announces the acquisition of the majority shareholding in CAPE Holland and FoundOcean from the sustainability focused private equity investor Ambienta who held its participation since 2012.
Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry.
Petrobras reports that in 2018, its total production of oil and gas, including natural gas liquids (NGL), was 2.63 million barrels of oil equivalent per day (boed), of which 2.53 million boed produced in Brazil and 101,000 boed abroad. Petrobras’ own production of oil in Brazil was 2.03 million barrels per day (bpd).
Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf.
Global Oil Markets
Global Oil Markets
Talos Energy Inc. ("Talos) has announced full year 2019 operating and financial guidance ("2019 Plan") and provided an update on recent events and well results.
2019 shaping up to be a good one in the US Gulf of Mexico, with the first increase in drilling in four years, first-ever production from a Jurassic play, key new project sanctions and an uptick in M&A all in the cards, global natural resources consultancy Wood Mackenzie said.
EnerMech has confirmed the conclusion of its sale to The Carlyle Group and announced the formation of the group’s Board of Directors.
Coretrax, an independent wellbore clean-up and abandonment specialist, has received a substantial investment from private equity firm Buckthorn Partners to accelerate its ambitious international growth plans.
VesselsValue's Senior Analyst Court Smith gives a rundown on which countries have splashed the most cash on second hand vessel purchases over 2018.
Angola’s Sonangol and BP have signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola. They also agreed to extend the production license for the BP-operated Greater Plutonio project on Block 18 to 2032, subject to government approval, and for Sonangol to take an 8% equity interest in the block.
Chevron Corporation has announced a 2019 organic capital and exploratory spending program of $20 billion.
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