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Dec 4, 2019 By 2030, Brazil is expected to more than double net natural gas production, according to a projection by the state-run Energy Research Company (EPE) linked to the Ministry of Mines and Energy. The estimate predicts a jump from the current 59 million to 147 million cubic meters (m³) per day. The data... Continue Reading →
Siemens AG aims to shed about 75% of its struggling power and gas unit in one of the most radical moves to date by Chief Executive Officer Joe Kaeser to untangle the sprawling conglomerate and try to boost its valuation. The Munich-based industrial giant wants to “massively deconsolidate” the division to make the parent company... Continue Reading →
Sustainability in oil and gas is becoming increasingly important to the long-term viability of the industry. In fact, I believe it is becoming the most important issue for the global oil and gas industry—more about this later. To better understand what Sustainability in oil and gas means, what companies are doing, and what the most... Continue Reading →
Norwegian oilfield services company Aker Solutions and a group of oil and gas operators have come together in a joint industry project with the aim of making subsea gas separation a reality. Using CO2 injection to increase recovery rates in offshore oil and gas fields can improve the economics of a field significantly, but so... Continue Reading →
Nov 13, 2019 Shell International Trading Middle East Limited has signed a commitment agreement with Hidrovias do Brasil to supply LNG to the Vila do Conde thermal power plant (UTE), which the Brazilian company intends to build in Barcarena, Pará. The agreement with the Anglo-Dutch oil company subsidiary foresees fuel supply for 25 years, if... Continue Reading →
November 5, 2019 Petróleo Brasileiro S.A. - Petrobras clarifies that it has been fully complying with the schedule of commitments made in the agreement signed with the Administrative Council for Economic Defense (CADE) on July 8, 2019. It is worth mentioning the pre-established commitments in the agreement and that have been fulfilled by Petrobras: •... Continue Reading →
Nov 01, 2019 Petrobras Natural Gas Executive Manager Rodrigo Costa Lima said that the installation of a floating gas terminal could be the solution for the production of new pre-salt fields. The decision, he says, has to be made by 2022 to absorb production growth in the second half of the next decade, and has... Continue Reading →
Nov 1, 2019 Petrobras is due to start production in Sergipe's deepwater in December when it intends to test the Farfan reservoir, one of the discoveries made in the region. The plan foresees the installation of FPSO Cidade de São Vicente, connected to a production well. It took longer than expected to complete cleaning of... Continue Reading →
BP Plc (BP.L) wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be supplied by gas from offshore oilfields here. Speaking at Rio’s Offshore Technology Conference on Tuesday, BP Regional... Continue Reading →
Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years. Natural gas is considered both a promising opportunity and a vexing problem in Brazil. The Latin American oil powerhouse is rapidly developing a... Continue Reading →
