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It was supposed to be BP Plc’s big Brazilian breakthrough after years of setbacks in one of the world’s top destinations for offshore oil. The potential bonanza is still out of reach, two years after the London-based major teamed up with Brazil’s national oil company and a unit of China National Petroleum Corp. to outbid two rival... Continue Reading →
When U.S. oil firm Talos Energy found nearly a billion barrels off Mexico’s southern Gulf coast two years ago, it marked the first discovery by a foreign firm since the oil industry was nationalized eight decades earlier. Now Mexico’s state-run oil firm Pemex wants to take over the lucrative project, according to two former Mexican... Continue Reading →
Sept 27, 2019 Antaq held a public hearing to discuss the normative instruction that will discipline the criteria for analysis of the requests for circularization of vessels specialized in engineering works. The draft prepared by the agency provides that the circularization of vessels as PLSVs (specialized in the installation of flexible ducts) may be started... Continue Reading →
Sept 27, 2019 BP received approval from ANP to take over the operation of BM-C-30 (C-M-101) in the Campos Basin. Anadarko leaves the operation. The new consortium is now as follows: BP operates with 35.7%, along with IBV Brazil (35.7%), Total (20%) and Anadarko (8.6%).
ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential development project offshore the South American country. The 220,000 barrels per day Payara Development Project is expected to come on stream by 2023, closely following the Liza Phase 1 and 2 developments at... Continue Reading →
ExxonMobil is evaluating several wells on its multi-billion-barrel Stabroek block offshore the South American country of Guyana where it has made a record 14 discoveries since 2015. As the US oil major looks for new plays in different areas on the 6.6 million acres block, it also has to get a better understanding of the... Continue Reading →
September 26, 2019 The purpose of the agreement, tailored by Economy Minister Paulo Guedes, is to maintain the date of the auction in November, even if deputies want to change the proposal; government needs the resources to close this year's accounts An agreement between Economy Minister Paulo Guedes and the congressional summit closed last night... Continue Reading →
September 25, 2019 Company believes that regulatory changes in the gas industry in the country are "on the right track". ExxonMobil is "optimistic" about the opening of the Brazilian natural gas market, said Vania Carvalho, the company's commercial director in Brazil. According to her, regulatory changes in the gas industry are "on the right track",... Continue Reading →
Sept 24, 2019 BP Energy has until November to provide Ibama with clarifications on its planned exploratory activities at the Foz do Amazonas Basin. The environmental agency - which analyzes the license request to drill in the region - requests the review of accidental scenarios and the presentation of contracted vessels and monitoring system within... Continue Reading →
September 23, 2019 Shell received from Ibama the license to drill up to three exploratory wells in the Alto Cabo Frio Oeste block, in the Santos Basin pre-salt. The license provides for drilling the wells by the Brava Star rig and is valid for four years. Alto de Cabo Frio Oeste was awarded to Shell... Continue Reading →
