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October 9th, 2019 Bob Dudley, chief executive officer at BP, discusses the balance he sees in global oil markets, incoming CEO Bernard Looney, and risks to the business from climate activists. He speaks with Bloomberg's Annmarie Hordern on "Bloomberg Daybreak: Americas." (Source: Bloomberg) Watch video
October 9, 2019 Seventeen oil companies, among the industry giants and mid-sized companies, will compete tomorrow for 36 areas, focusing on deep and ultra-deep waters off the Southeast and Northeast coast, in the 16th Round of oil and gas exploration block concessions. The bidding process is the first in a sequence of three major auctions... Continue Reading →
October 8, 2019 Petróleo Brasileiro SA - Petrobras, following up on the release of 11/28/2018, reports that today it completed the sale of its interests in Pargo, Carapeba and Vermelho fields, located in shallow waters off the coast of the State of Rio de Janeiro, to Perenco Petróleo e Gás do Brasil Ltda (“Perenco”). After... Continue Reading →
Danish vessel provider Maersk Supply Service will provide an integrated mooring lines life extension solution for Shell’s FPSO Fluminense, including project management, engineering, interface management, and offshore execution off the coast of Rio de Janeiro. Maersk Supply said on Wednesday that the offshore phase is expected to start in December. The project includes heading control... Continue Reading →
Oct 8, 2019 The ANP board approved the extension of the Roncador field concession contract, in the deep waters of the Campos Basin, for another 27 years. Round Zero Field, the area also had its development plan approved by the agency. - Round Zero was the auction that ratified the fields that would be with... Continue Reading →
Danish offshore vessel owner Maersk Supply Service has secured a 1.5-year contract with Blue Marine Group to support Pemex from subsea support vessel Maersk Installer. Joining Maersk Implementer, the vessels will assist the national oil company in achieving its targets of increasing production, the vessel owner said on Monday. Maersk Installer arrived in Mexico on... Continue Reading →
U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform. The deal was approved earlier this week by Mexico's oil regulator, the National... Continue Reading →
Mexican President Andres Manuel Lopez Obrador said on Thursday that his government is not seeking to take control of the Zama oilfield discovery, which is currently operated by a private consortium led by U.S.-based Talos Energy. Reuters reported earlier this week that Mexico's national oil company, Pemex, wants to take control of Zama from Talos,... Continue Reading →
BP (BP.L) on Friday appointed head of upstream Bernard Looney as chief executive to succeed Bob Dudley when he retires next year after leading the oil and gas company back to growth from near collapse in 2010. Looney, 49, took charge of BP’s oil and gas production, or upstream operations, in 2016 as the sector... Continue Reading →
Oct 03, 2019 Wintershall DEA will make its first partial farm out in Brazil. The German oil company will sell stakes in the four deepwater blocks that operate in the Ceara and Potiguar basins - CE-M-601, POT-M-857, POT-M-863 and POT-T-865 -, said the director of Business and Government Affairs of the company in Brazil, Júlio... Continue Reading →
Brazil Energy Insight 