The company has announced to the market that some of its priorities are the reduction of its debt and the sale of assets. However, during the OTC Houston 2019, the company's technology and production development director Rudimar Andreis Lorenzatto said that technological innovation for deepwater exploration is also on the agenda. On the company’s radar,... Continue Reading →

Offshore oil and gas industry will continue to thrive and has much to offer in the future despite oil price downturns and the shale revolution, according to Norwegian oil and gas intelligence firm Rystad Energy. For the 50th anniversary of world’s largest offshore industry event, OTC in Houston, Rystad Energy asked the following question: “What... Continue Reading →

The Brazilian civil engineering and construction firm Odebrecht SA is rebranding, following years in the spotlight of political corruption schemes that rattled Latin America. From now on, Odebrecht Engineering & Construction will be known by the initials “OEC” and feature green, blue and gray colors on its new logo, according to a statement on the company’s website.... Continue Reading →

Petrobras has reported that it has acquired data and geological and geophysical information on sedimentary basins located abroad, in addition to those already routinely collected in Brazil. In this way, Petrobras has access to other geological models, which allows it to improve the processing of its data and to interpret its own geological models more... Continue Reading →

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 →