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State-owned Qatar Petroleum has entered into a farm-in agreement with Angola’s national oil company Sonangol and French oil major Total to acquire a 30 per cent stake in Block 48 located in Angolan ultra-deep waters. The block, with a drill-ready opportunity, covers an area of approximately 3,600 square kilometres, and Total expects to start operations... Continue Reading →
Aug 19, 2020 Petrobras will decide on the future of the bidding for the chartering of the FPSO of Itapu (transfer of rights) this week. The expectation is that the oil company will either choose to cancel the bid or postpone, once again, the date of delivery of the proposals, with the promise of being... Continue Reading →
French oil major Total has resumed oil drilling offshore Angola with the Skyros rig while two more are expected to start operations in the week to follow. Olivier Jouny, managing director of Total Exploration & Production Angola, revealed short and mid-term plans for Total’s Angola operations in an interview with Africa Oil & Power on Monday. Continue... Continue Reading →
Guyana's new administration has put a hold on reviewing bids for a contract to lift the government's portion of crude produced offshore and plans to relaunch the tender, Vice President Bharrat Jagdeo said on Friday. The South American country began producing crude offshore in December and in June approved a group of 19 companies to move to... Continue Reading →
Aug 17, 2020 The combined production of oil and gas in the Brazilian pre-salt reached 2.7 million barrels of oil equivalent in July, a positive variation of 6% compared to June . With this number, the pre-salt corresponded for 70.8% of national production - this was the first time in history that the wells in... Continue Reading →
(Reuters) - French energy group Total and its partners have launched the third phase of development for the Mero deep offshore oil project off the coast of Brazil, the company said on Monday. The Mero 3 floating production storage and offloading vessel(FPSO) will have a liquid treatment capacity of 180,000 barrels per day (bpd) and... Continue Reading →
August 14 , 2020 Petróleo Brasileiro S.A. – Petrobras informs that today it signed a letter of intent with the company MISC Berhad for the chartering and services for FPSO (floating production storage and offloading unit) Marechal Duque de Caxias to be installed in the Mero field, belonging to the Libra Block, in Santos Basin... Continue Reading →
Aug 14, 2020 The Administrative Council for Economic Defense (Cade) approved, without restrictions, the acquisition, by MIC Capital Partners (a company of the Mubadala group) and Magni Partners, a joint venture, with a specific purpose to own and manage the following drilling rigs ( currently under construction): Arpoador, Guarapari, Urca and Frade, all from Sete... Continue Reading →
Dutch floating production solutions provider SBM Offshore has ordered equipment from Malaysia's KNM to be installed on an FPSO destined for ExxonMobil's Guyana operations. Bursa Malaysia-listed KNM said SBM Offshore had on Thursday ordered PME pressure vessel separators worth around $4 million. KNM said that the equipment would be delivered by its subsidiary KNM Process... Continue Reading →
Aug 12, 2020 The three contracts under production sharing regime - Mero Development Area, Entorno de Sapinhoá and Sudoeste de Tartaruga Verde - produced 9.3 million barrels of oil and 51 million cubic meters of natural gas (available for sale) in the first semester of 2020. The data are part of the Monthly Bulletin of... Continue Reading →
