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(OE) Portugal's Galp has been awarded three offshore blocks as part of Brazil’s fifth Open Permanent Concession bid round. Galp acquired offshore early-stage exploration blocks P-M-1670/1672/1741 in the Pelotas basin, in the southern region of the country. The awarded consortium is composed by Petrobras, as operator with 70%, and Galp with a 30% interest. The... Continue Reading →
(Reuters) - Suriname's state energy company Staatsolie and an affiliate of Malaysia's oil firm Petronas on Tuesday signed a production-sharing contract for exploring and developing an offshore oil and gas block, Staatsolie said in a release. Suriname is on track to inaugurate offshore crude and natural gas output soon after foreign companies including TotalEnergies, APA and Petronas have... Continue Reading →
Reuters) - Exxon Mobil and Chevron on Tuesday took their first steps toward exploring for oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by the country in the promising but environmentally sensitive area. The bids came as state-run Petrobras touted signs of breaking a stalemate on licensing in the offshore region near the mouth... Continue Reading →
(OE) Malaysian FPSO leasing firm Yinson Production has closed of the previously announced $1 billion investment from a consortium of global investor to further drive its business growth. The funding was secured through a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and funds managed by British Columbia Investment Management Corporation (BCI), and... Continue Reading →
(offshore-energy.biz) TotalEnergies and its partners have signed an extension of the production sharing contract (PSC) for a block offshore Angola. The extension refers to Block 17, described as one of the country’s most prolific offshore oil exploration blocks and one of the first deep-offshore blocks to be licensed in Angola. The license is operated by TotalEnergies with Equinor, ExxonMobil, Azule... Continue Reading →
( offshre-energy.biz) The construction of topside modules for a floating production storage and offloading (FPSO) unit set to work at a field in Brazil’s Santos Basin with the state-owned energy giant Petrobras has started at Seatrium’s shipyard in Angra, Brazil, formerly known as BrasFels. Based on a social media post by Petrobras’ CEO Renata Baruzzi, the... Continue Reading →
(OE) FourPhase, a solids and production performance specialist for the oil and gas industry, has secured a master service agreement (MSA) with Shell Trinidad and Tobago, for work on its topside offshore oil and gas platforms in the Caribbean. The MSA involves sand management and production optimization. FourPhase also signed two other contracts in the... Continue Reading →
(Reuters) The first crude cargo from Guyana's fourth oil production facility, which arrived in the country in April and is being installed, is set to be exported between late August and early September, the government told Reuters on Tuesday. A consortium by U.S. companies Exxon Mobil XOM.N and Hess HES.N and China's CNOOC 600938.SS controls... Continue Reading →
(eixos) The Senate is advancing in discussions on bill 3.178/2019, which proposes the end of the pre-salt polygon and Petrobras' right of preference in the sharing auctions. The Infrastructure Committee approved on Tuesday the opinion of the committee's president, Senator Marcos Rogério (PL/RO). The bill was included in the committee's agenda at the end of... Continue Reading →
ABB has secured a large order by Seatrium, a global provider of marine engineering solutions based in Singapore, for the supply of electrical equipment and automation solutions on a new generation of floating production storage and offloading (FPSO) vessels for operator Petrobras. The two vessels, P-84 and P-85, will be deployed in the Atapu and... Continue Reading →
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