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Jan 17, 2020 The ANP approved the resolution that deals with the procedures to control oil and natural gas burns and losses in E&P activities. The regulation revises ANP Ordinance No. 249/2000 and includes definitions of cases classified as ordinary burns, exempt from prior authorization, and procedures for authorization and validation of extraordinary burns. The... Continue Reading →
Norwegian oil and gas company Equinor has installed the Peregrino C platform on the Peregrino field located offshore Brazil ahead of productio startup planned for later this year. Equinor, the operator of the Peregrino field, on Friday launched a video with highlights from the installation of the platform’s two largest modules – the main support... Continue Reading →
Sapura Navigation begins work with Perenco in the field of Pargo Jan 15, 2020 Press Release The PLSV Sapura Diamante, support vessel, installation and launch of flexible pipelines, began work with Perenco for subsea installation and support in the Pargo field at 00h30 last Friday. Once again, 100% of the Sapura fleet is in operation,... Continue Reading →
Norwegian FPSO operator BW Offshore is targeting 1Q 2020 for the IPO and listing of its 68.6% owned exploration and production subsidiary, BW Energy. BW said on Wednesday that the IPO and listing were planned through a combination of a distribution of shares from BW Offshore and a contemplated equity raise of about $175 million.... Continue Reading →
A strong 2019 provided telltale signs that the industry was entering a new offshore investment cycle, Espen Erlingsen, head of upstream research at Rystad Energy has said. Erlingsen said on Tuesday that this trend was perhaps illustrated most profoundly by the rising swell of offshore project approval activity by operators in 2019. Globally, the amount... Continue Reading →
January 14, 202o Permission was given after meeting operational safety conditions at Polo Pargo The ANP authorized Perenco to resume the operation of Polo Pargo last Friday (10/1). According to the agency, the permission was given after analysis that found the fulfillment of operational safety conditions. Located in the Campos Basin, the hub comprises the... Continue Reading →
Jan 13, 2020 Wind energy is one of the most studied topics in the renewable energy ecosystem. In recent decades, the focus has been on various aspects of land wind turbine modeling and analysis. Especially in Brazil, wind energy has a huge potential that has been researched in recent studies. Led by Professor Alexandre Simos,... Continue Reading →
Jan 13, 2020 The Angra dos Reis Port Terminal (TPAR) is under new shareholding control. Investor Splenda Offshore, which also controls operator BULKPORT at Porto do Forno in Arraial do Cabo, took over the management of TPAR, previously leased by Technip Brasil. For Port Terminal General Manager Robson Rangel, the change in administrative control could... Continue Reading →
At 670 million barrels of recoverable oil, Mexico’s Zama field would be a nation-building giant in any prolific oil-bearing basin. That reserves estimate — made this week by Netherland, Sewell & Associates for Talos Energy, the Houston-based outfit that found the field — is testing the policies of a newly reorganized Mexican Ministry of Energy. Next door... Continue Reading →
Chinese oil company CNOOC plans to drill 227 exploration wells in 2020 and has set aside up to around $13,8 billion for capital expenditures, CNOOC's highest annual Capex since 2014, according to Reuters. CNOOC said Monday that its targeted net production for 2020 is 520 million to 530 million barrels of oil equivalent (BOE). Around... Continue Reading →
