At the 50th edition of the Offshore Technology Conference (OTC), from 6 to 9/5, Petrobras will highlight its technological journey to enable one of the main exploration and production projects of its portfolio: the development of the Libra block in pre-salt of the Santos Basin. Libra is one of the company's great bets for the... Continue Reading →

Aker Solutions has launched ix3 – a software and digital services company that enables operators to accelerate field development projects and optimize asset performance. ix3 has created a digital twin platform called Integral that brings together engineering, manufacturing and test data with live-streamed operational data. Continue reading

Anadarko Petroleum’s Board has said that Occidental Petroleum’s revised takeover bid received on May 5, 2019, is a “Superior Proposal” to the agreement Anadarko reached with Chevron. Anadarko said on Tuesday its board of directors, in consultation with its financial and legal advisors, had unanimously determined that the revised acquisition proposal was a superior one.... Continue Reading →

Brazil expects to collect at least $47 billion in signing bonuses this year from three upcoming offshore oil auctions set for October and November, an official said on Monday. An Oct. 27 sale of production rights in Brazil’s so-called transfer-of-rights area - one of the world’s most promising offshore oil areas off the coast of... Continue Reading →

05/06/2019 After negative repercussion in the market, Petrobras reviewed the result of the classification of the tender destined to the charter of one or more rigs for operation in 2 thousand m of water depth. The bidding committee released a review qualifying all the units offered in the tender and placing Constellation's Alpha Star semi-submersible... Continue Reading →

06/05/2019 Mero's submarine umbilicals may not have local content. In parallel to the bidding to contract steel lines (STU) for the field with a minimum requirement of 40%, Petrobras promotes a second process without nationalization requirement. The scope of the contract, which will last two years, provides for the acquisition of 59,350 km of umbilicals,... Continue Reading →

Oilfield technology firm Airborne Oil & Gas and engineering company Símeros Technologies have signed a collaboration agreement which aims to deliver the first qualified thermoplastic composite pipe (TCP) risers in the deepwater region Brazil. Last year, Airborne Oil & Gas started its TCP riser qualification program. The technology is believed to be a world first... Continue Reading →

Partners in the Liza Phase 2 Development Offshore Guyana – ExxonMobil and Hess – have made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana following regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and... Continue Reading →

Anadarko Petroleum has received a revised proposal from Occidental Petroleum under which Anadarko shareholders would receive $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock. Occidental’s revised proposal was received on Sunday, May 5, 2019. As disclosed previously, Anadarko entered into a definitive merger agreement with Chevron on... Continue Reading →

Oil production by Petroleo Brasileiro SA fell 3.5 percent in the first quarter from the same period a year before, according to Brazil’s oil regulator ANP, which attributed the fall to a number of scheduled and unscheduled stoppages. In a statement, the regulator said the production declines were due to maintenance work and other interruptions... Continue Reading →