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Oct 16, 2019 Petrobras postponed to December the submission of subsea proposals for the provision of engineering services, supplies, construction and installation (EPCI) for Mero 2 and Búzios V. Scheduled for October, the dates are set for the 9 and 30 of the last month of the year respectively. These are the only major tenders... Continue Reading →
Veolia Water Technologies said its VWS Westgarth subsidiary has been awarded a multimillion dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity floating production, storage and offloading unit (FPSO), to be deployed in the Stabroek block offshore Guyana. The award is for the design and procurement of... Continue Reading →
With the resumption of oil and gas block tenders in Brazil, including highly valued pre-salt tenders, offshore support vessel (OSV) owners are expecting to get any vessels that are lying by without a contract to soon rejoin the market. However, the owners of the large number of Brazil flagged vessels that were built but did... Continue Reading →
Malaysian FPSO provider Yinson has been awarded two letters of intent by Petrobras for the charter, operations, and maintenance of FPSO Marlim 2 for the Marlim revitalization project in Brazil. The LOIs were issued to Yinson Production Pte Ltd (YPPL), an indirect wholly-owned subsidiary of the Yinson. Following the LOIs, the charter contract will be... Continue Reading →
Oct 15, 2019 Financing obtained by Australian oil company from ING Bank will have a maturity of four years Karoon has signed a US $ 275 million line of credit for the acquisition of the Baúna field in the southern Santos Basin. With a four-year maturity, funding from ING Bank N.V's Singapore branch provides for... Continue Reading →
In a statement issued last week, the Argentine foreign ministry said three oil companies – Rockhopper, Premier Oil, and Argos Resources – were carrying out oil and gas activities on the continental shelf near the Falkland Islands – without the authorization of the Argentine government. Argentina and the UK in 1982 fought a brief but... Continue Reading →
October 11, 2019 At its peak, the agency expects production to reach 500,000 barrels. Minister says bonus paid was triple of expected The twelve auctioned blocks will require the installation of three to four new platforms between Rio de Janeiro and Sao Paulo, according to the National Petroleum Agency (ANP). The auctioned off areas in... Continue Reading →
Oct 10, 2019 With a premium of 322%, the result was a record in rounds under the concession regime. RIO - The 16th Bidding Round, held on the morning of Thursday, 10, was marked by the presence of large oil companies. The government raised R$ 8.915 billion in signing bonuses from 11 companies and consortia... Continue Reading →
Oct 10, 2019 As anticipated by PetróleoToday, Shell began the Alto de Cabo Frio Oeste exploratory campaign, a 3rd round sharing area located in the Santos Basin. The Constellation Brava Star drillship will drill well 1-SHEL-31-RJS in a 1,720 m water depth. The work continuous after drilling the pioneer well of Sul do Gato do... Continue Reading →
Oct 10, 2019 Brazil's mines and energy minister said the positive results of Thursday's round of bidding for the country's offshore oil blocks point to successful auctions later this year of the so-called Transfer of Rights area and pre-salt oil find. Minister Bento Albuquerque said that Thursday's auction surpassed expectations, following the conclusion of bidding.... Continue Reading →
