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15/03/19 Karoon is conducting a new process of farm-out of its assets in the Santos Basin. It encompasses the S-M-1037, S-M-1101, S-M-1102 and S-M-1165 blocks, all operated by the company with a 100% stake. The Australian oil company said in a report published that a data room with the geotechnical material of the areas will... Continue Reading →
15/03/19 The installation of the last stretch of the Rota 3 gas pipeline, which will connect the pre-salt to Comperj's Natural Gas Processing Unit , is about to begin. According to the schedule established in the contract between Petrobras and McDermott, the execution of the pilot hole of arrival at Praia de Jaconé, in Maricá... Continue Reading →
Norwegian oil services company Aker Solutions has become a shareholder in thermoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas. Airborne Oil & Gas said on Friday that Aker Solutions joined a shareholder base which includes Chevron, Evonik Venture Capital, Saudi Aramco, Shell, Subsea 7, Sumitomo Corp. and the private equity investor, HPE Growth Capital.... Continue Reading →
PetroRio plans to begin its first drilling campaign in the Frade field in the first quarter of 2020. According to financial director Blener Mayhew, the Brazilian company is studying ways to accelerate exploratory work on assets. "There is interest from drilling companies to finance the operation. It would be an interesting situation that could... Continue Reading →
Oslo-listed FPSO operator BW Offshore has entered into an agreement to acquire the remaining 30% of the Maromba field offshore Brazil for a total acquisition cost of $25 million from Chevron. To remind, BW Offshore revealed its plan to acquire 100% of the Maromba field from Petrobras (70%) and Chevron (30%) in early March. Days... Continue Reading →
Australian oil and gas explorer Karoon has started tendering for a drilling rig which will drill the Marina-1 well offshore Peru. Karoon and its farm-in partner Tullow have set a target to drill the Marina-1 exploration well during early 2020. This will be the first well drilled in the Block Z-38 where, following the changes... Continue Reading →
3/13/19 The fleet of maritime support vessels in the country is expected to grow by 15% by 2023, jumping from 367 registered in January this year to 415 boats, according to a projection by the Brazilian Association of Maritime Support Companies (Abeam). The increase is associated with demand from Petrobras and private oil companies (IOCs).... Continue Reading →
3/13/19 The high global demand of the FPSOs market seems already to affect Petrobras' bids. Like the Marlim and Mero 2 processes, the oil company attracted just two companies - Yinson and Bluewater / Saipem - for the FPSO charter bid for Parque das Baleias. The receipt of bids occurred on March 1, and since... Continue Reading →
United States ethanol exporters are likely to face increased competition in one of the few foreign markets where they have been able to deliver large volumes in recent years, the North and Northeast regions of Brazil, an industry association chief said. Ironically, that competition would come in the form of corn-based ethanol common in the... Continue Reading →
MOSCOW – At the end of 2015, managers at Rosneft, the Russian state-controlled oil firm, sounded the alarm to their bosses about the company’s investments in Venezuela. Rosneft’s local partner, Venezuelan state oil company PDVSA, owed it hundreds of millions of dollars, according to internal documents, and there seemed no prospect things would get better. “It... Continue Reading →
Brazil Energy Insight 