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Aker Solutions Appoints José Formigli to Innovation Board September 10, 2015 - Aker Solutions has appointed José Formigli to its innovation board and to serve as an adviser for overall strategic decisions. Formigli, a Rio de Janeiro native and engineer by training, has more than 30 years' experience in the oil and gas business, starting... Continue Reading →
13th Round attracts companies of 17 countries: Angola, Argentina, Bermudas, Brazil, Canada, China, Colombia, USA, France, Holland, Japan, Norway, Panama, Portugal, UK, Russia e Thailand. º Name Nome Fantasia Group Country 1 Alvopetro S.A. Extração de Petróleo e Gás Natural Alvopetro Alvopetro Canadá 2 Anadarko Exploração e Produção Petróleo e Gás Natural Ltda Anadarko Anadarko... Continue Reading →
Angola risks losing investment from foreign oil companies as costly government regulations and low world prices make the country, vying to be Africa’s largest producer, less attractive to operate in, an industry executive said. A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500 million... Continue Reading →
Undisclosed sources say that Exxon has team at Petrobras analyzing four pre salt blocks that may be for sale or participation. The blocks are Carcara and Jupiter in the Santos Basin and Pão de Açucar and Tartaruga in the Campos Basin. The majors (Shell and Exxon) show interest in the larger offshore blocks.
September 01, 2015 17:25 ET Vantage Drilling Company Receives Notice of Drilling Contract Termination HOUSTON, TX--(Marketwired - Sep 1, 2015) - Vantage Drilling Company (NYSE MKT: VTG) ("Vantage") received a notice dated August 31, 2015 (the "Notice") from Petrobras America, Inc. ("PAI") and Petrobras Venezuela Investments & Services B.V. ("PVIS") stating that PAI and PVIS... Continue Reading →
Brazil and Mexico are preparing to compete for investments from some of the same oil majors when they hold auctions that are only a week apart at a time the price rout is prompting spending cuts. Royal Dutch Shell Plc, Statoil ASA and Cnooc Ltd. have registered to compete for the next auctions in both Mexico... Continue Reading →
Angola’s state-owned oil company agreed to acquire Cobalt International Energy Inc.’s 40 percent interest in discoveries off the nation’s coast for $1.75 billion. Sociedade Nacional de Combustiveis de Angola, known as Sonangol, expects to receive government approval for the purchase of the stakes in blocks 21/09 and 20/11 before the end of the year, according... Continue Reading →
For generations, Venezuela has formally laid claim to most of its tiny neighbor, Guyana. Many dismissed the case, given Venezuela’s oil wealth and Guyana’s penury. Hugo Chavez, longstanding president of Venezuela, even let it slide, referring to the Guyanese as his brothers. Then in May, Exxon Mobil Corp. revealed that under contract from Guyana it... Continue Reading →
Wed Aug 12, 2015 7:20pm EDT Reuters QGEP says Brazil Manati field holds 13.5 bln cubic meters of gas Aug 12 Queiroz Galvão Exploração e Produção SA said on Wednesday that the Manati offshore oil field in Brazil holds 13.5 billion cubic meters (477 billion cubic feet) of proven and probable, or "P2", natural gas... Continue Reading →
The $60 billion of oil-industry spending cuts this year aren't likely to be enough to meet sacrosanct dividend commitments as crude languishes near a six-year low. The world’s biggest producers will need to trim investments by a further $26 billion, according to Jefferies Group LLC. Capital spending will have to fall 10 percent next year, Banco Santander... Continue Reading →
Brazil Energy Insight 