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Energy services company Shawcor has entered into a detailed letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana. Shawcor said on Thursday that the letter of intent was awarded to its pipe coating division. Continue reading
Australia-based Karoon Energy has executed binding agreements with drilling contractor Stena Drilling and oil company Tullow Oil to contract the Stena Forth drillship for Karoon’s Marina-1 exploration well located offshore Peru. As previously reported, Karoon started tendering for a drilling rig to drill the Marina-1 well in March 2019. The Stena Forth has been contracted to drill... Continue Reading →
Norwegian oilfield services company Aker Solutions and a group of oil and gas operators have come together in a joint industry project with the aim of making subsea gas separation a reality. Using CO2 injection to increase recovery rates in offshore oil and gas fields can improve the economics of a field significantly, but so... Continue Reading →
November 14, 2019 PetroRio S.A. (“Company” or “PetroRio”) (B3: PRIO3) in compliance with CVM Instruction 384 as of March 17th, 2003 hereby informs its shareholders and the market in general that as of November 18, 2019, the services of Market Maker will no longer be provided by Genial Institucional Corretora De Câmbio, Títulos E Valores... Continue Reading →
November 14, 2019 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with article 157 of Law 6404/1976, CVM Instruction 358/2002, and article 26 of the Novo Mercado Regulation, announces to its shareholders and the market in that Mr. Nelson Sequeiros Rodriguez Tanure has resigned from his position as member of the Board of... Continue Reading →
Nov 13, 2019 Shell International Trading Middle East Limited has signed a commitment agreement with Hidrovias do Brasil to supply LNG to the Vila do Conde thermal power plant (UTE), which the Brazilian company intends to build in Barcarena, Pará. The agreement with the Anglo-Dutch oil company subsidiary foresees fuel supply for 25 years, if... Continue Reading →
UK oil company Premier Oil has extended the bid deadline for its interest in the giant Zama field offshore Mexico as “to accommodate levels of interest,“ for which Premier says are significant. The Zama discovery – dubbed one of the largest shallow-water finds in decades – was made in 2017 by the U.S. oil company... Continue Reading →
Italian oilfield contractor Saipem has been awarded a subsea contract by ExxonMobil for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2000 metres. The contract scope includes subsea structures, risers and flowlines, Saipem said on Thursday. Saipem was earlier awarded subsea contracts for the first... Continue Reading →
The Peregrino C topside and living quarters have set sail for its namesake field offshore Brazil from Texas and Norway, respectively. Equinor published a video of the topside’s sail-away onboard Heerema’s H-541 cargo barge on its YouTube channel on Tuesday, November 12. According to the company, it will take the topside more than a month... Continue Reading →
NOV 13, 2019 The year 2019 is approaching its end and Brazil has not yet filed any declaration of commerciality of oil and gas areas. In addition, the country is experiencing a decline in the number of these statements over the last few years. Consulted by the Petronotícia, the National Petroleum Agency (ANP) says that... Continue Reading →
Brazil Energy Insight 