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(Reuters) - Global oil demand is unlikely to get a significant boost from the roll-out of vaccines against COVID-19 until well into 2021, the International Energy Agency (IEA) said on Thursday, a view that is likely to dampen oil price gains since vaccine progress was announced earlier this week. “It is far too early to... Continue Reading →
U.S. classification and technical advisory services provider ABS has launched a new notation and new guidance amid the COVID-19 pandemic to help marine and offshore operators reduce transmission of disease. The ABS Guide for Mitigation of Infectious Disease Transmission On Board Marine and Offshore Assets, an industry first, discusses how the physical arrangement of a... Continue Reading →
(Reuters) - Larry Fink, chief executive of the world's largest asset manager BlackRock BLK.N, said on Tuesday he backed the UK's recent move to make the reporting of corporate risk related to climate change mandatory, and urged the United States to follow suit. “We welcome the UK Chancellor’s announcement yesterday (of) mandatory TCFD reporting,” Fink told... Continue Reading →
The floating offshore wind industry, currently at its beginnings, is set for massive growth in the years to come, which has now led the classification society DNV GL to released the first integrated rule set for floating offshore wind structures. "The rules provide both new entrants and experienced stakeholders a set of well-tested rules and standardized... Continue Reading →
Australian player Karoon Energy has completed the acquisition of a 100 per cent operating interest in the Baúna field, located in the Santos Basin offshore Brazil, which will see it transform from an oil and gas exploration company into an oil production company. To remind, Karoon in July 2019 presented the high bid in the process to... Continue Reading →
The United States has assured Italian oil company Eni SpA that efforts to prevent a spill at a floating crude facility in Venezuela would not run afoul of sanctions, the company, and the U.S. State Department said on Monday. Images in recent months showing the Nabarima floating storage and offloading facility (FSO), part of the... Continue Reading →
The term of reference (TR) for offshore wind farms is now available to interested companies, according to Ibama's environmental licensing coordinator, Roberta Cox. The official release of the document is scheduled for November. The TR presents reference information and guidelines for the preparation of the Environmental Impact Study and the Environmental Impact Report (EIA /... Continue Reading →
In November 2007 Brazil’s national oil company, Petrobras, shocked the E&P world by announcing a 5-to-8-Bbbl discovery in a completely unknown geological play: carbonate reservoirs below a 2-km layer of salt, offshore Brazil, in a 2,000-m water depth. This announcement marked the beginning of a complete turnaround in the history of Brazil’s oil and gas... Continue Reading →
New information regarding seismic and reservoirs revealed a possible increase in the attractiveness of the blocks that should be included in the Round. The information was announced this week by the director of the National Petroleum Agency (ANP) Dirceu Amorelli during the collegiate board meeting of the agency. As is known, the auction was suspended... Continue Reading →
Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras. The field is located in shallow waters in the Santos Basin in concession BM-S-40, 50-60km from Karoon’s Neon and Goiá discoveries, and 50km from Karoon’s Clorita... Continue Reading →
