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Aker Solutions has secured a contract with Petrobras to provide a subsea production system and related services for the Mero 4 project offshore Brazil. Aker Solutions will deliver a subsea production system consisting of up to 13 vertical subsea trees designed for Brazil’s pre-salt, including subsea distribution units, subsea control modules, and master control station for... Continue Reading →
The Biden administration's auction of oil drilling rights in the U.S. Gulf of Mexico generated more than $190 million in high bids, bringing in more money for taxpayers than any government offshore lease sale since early 2019. The Department of Interior auction came days after the U.S. joined a global agreement that for the first... Continue Reading →
(TNPetroleo) The Second Round of Bidding for the Excess Volumes of the Transfer of Rights has 11 companies registered and is scheduled for Dec. 17th. Yesterday another company was approved by the Special Tender Committee (CEL): QP Brasil Ltda (Qatar Petroleo). Another ten companies are also eligible for bidding, having been approved at previous CEL... Continue Reading →
(Reuters) - Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and U.S. shale firms. The global oil industry's slow response to the surging demand in 2021 has contributed to soaring energy costs and... Continue Reading →
French energy major TotalEnergies and its partner APA Corporation have recently completed a flow test at an appraisal well in Block 58 offshore Suriname, confirming an excellent quality black oil reservoir, but failed to find commercial hydrocarbons at the latest exploration well there. However, success at their next planned exploration well on the block could... Continue Reading →
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore, triggers the initial release of funds by ExxonMobil to begin FEED activities and secure... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Potiguar E&P S.A. (Potiguar E&P), a subsidiary of PetroReconcavo S.A., contracts for the flow and processing of the natural gas produced onshore by Potiguar E&P in the state of Rio Grande do Norte. The contracts include the right of use of the Guamaré Natural... Continue Reading →
TechnipFMC has secured a contract by Exxon Mobil Corporation affiliate Esso Exploration and Production Guyana to supply the subsea production system for the Yellowtail development in the Stabroek block. TechnipFMC will provide project management, engineering, manufacturing and testing capabilities to deliver the overall subsea production system. The scope includes 51 enhanced vertical deepwater trees (EVDT)... Continue Reading →
Australian oil and gas firm FAR has started drilling at the Bambo-1 exploration well in Block A2, offshore The Gambia. "The Stena IceMax drillship arrived on site on 12 November Gambian time and after completing preparations, has successfully spudded the well," FAR said Monday. The Bambo-1 well sits around 85km offshore The Gambia, in 930... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) said on Monday it would scrap its dual share structure and move its head office to Britain from the Netherlands, pushed away by Dutch taxes and facing climate pressure in court as the energy giant shifts from oil and gas. The company, which long faced questions from investors about its dual... Continue Reading →
