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Aug 19, 2020 Petrobras signaling to operate exclusively in the exploration of oil and natural gas in the offshore segment in ultra-deep waters, the activities of onshore production and marginal accumulated activities have opened up to independent operators and medium and small companies. The opening provided the resumption of investments in the Brazilian onshore, re-activating... Continue Reading →
State-owned Qatar Petroleum has entered into a farm-in agreement with Angola’s national oil company Sonangol and French oil major Total to acquire a 30 per cent stake in Block 48 located in Angolan ultra-deep waters. The block, with a drill-ready opportunity, covers an area of approximately 3,600 square kilometres, and Total expects to start operations... Continue Reading →
Aug, 19, 2020 Ibama renewed the operating license for the Baúna field, purchased by Karoon from Petrobras, in the Santos Basin post-salt. The license is valid until August 2024. Karoon expects to close the purchase of the field with Petrobras by September. The sale of 100% of Baúna was agreed at US$ 665 million, in... Continue Reading →
Aug 19, 2020 The process of divestment in onshore fields in Brazil recently registered in the oil and gas industry due to the price of a barrel of oil and the economic recession caused by the covid-19 pandemic should warm up the sector and generate a promising market, evaluates the head of energy and natural... Continue Reading →
Since 2010, wind energy has seen sustained growth worldwide, with the amount of energy generated by offshore wind increasing by nearly 30% each year. Countries around the world need to ramp up renewable energy supply quickly to meet growing demand and rapidly reduce emissions. Despite this urgency, offshore wind currently provides less than 1% of the... Continue Reading →
China's national offshore oil and gas producer CNOOC Ltd said first-half profit slumped by nearly two-thirds to the lowest since December 2017, as the coronavirus pandemic battered energy demand and sent oil prices to historical lows. The listed arm of state-owned China National Offshore Oil Corp said on Wednesday net profit totaled 10.38 billion yuan... Continue Reading →
August 18, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in addition to the Material Fact disclosed August 3, 2020, informs its shareholders and the Market in general of the results of the the Revitalization Campaign in the Tubarão Martelo Field (“Field”). The Revitalization Campaign consists of a workover (replacement of submersible pump) in... Continue Reading →
French oil major Total has resumed oil drilling offshore Angola with the Skyros rig while two more are expected to start operations in the week to follow. Olivier Jouny, managing director of Total Exploration & Production Angola, revealed short and mid-term plans for Total’s Angola operations in an interview with Africa Oil & Power on Monday. Continue... Continue Reading →
Guyana's new administration has put a hold on reviewing bids for a contract to lift the government's portion of crude produced offshore and plans to relaunch the tender, Vice President Bharrat Jagdeo said on Friday. The South American country began producing crude offshore in December and in June approved a group of 19 companies to move to... Continue Reading →
Aug 17, 2020 Enauta (ENAT3) signed a contract with Gas Bridge to sell its entire 45% stake in the Manati field in Bahia, the company said in a statement released on Sunday. The transaction involves R $ 560 million, the company said, noting that the amount is subject to the overcoming of contractual conditions and... Continue Reading →
