Energy

Petrobras recovers USD197 million from car wash operation
Energy

Petrobras recovers USD197 million from car wash operation

Brazil’s national oil company, Petrobras said it has received the return of about R$ 654 million through cooperation agreements concluded with individuals and legal entities within the scope of the Car Wash Operation. With this return, the total amount of resources transferred to Petrobras since the beginning of the Operation […]

Chevron announces USD18.3 billion budget for 2018
Energy

Chevron announces USD18.3 billion budget for 2018

Chevron Corporation said its 2018 capital and exploratory spending program of USD18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John […]

Statoil gets nod to begin Askepott drilling
Energy

Statoil gets nod to begin Askepott drilling

Statoil has received consent to use the Askepott mobile drilling facility in order to perform well activity at Oseberg Vestflanken 2. The Petroleum Safety Authority Norway said the consent Statoil has received covers drilling, side-track drilling, plugging and well intervention at the Oseberg Vestflanken 2. Drilling work was scheduled to […]

Erin commences drilling of Oyo North West Well
Energy

Erin commences drilling of Oyo North West Well

Erin Energy Corporation has commenced drilling of the Oyo North West well (Oyo-NW). Oyo-NW is a high-impact exploration well being drilled with the Pacific Bora, a sixth-generation drilling rig, on the Company’s offshore Nigeria block 120. The well is expected to take approximately 60 days to drill and log. “We […]