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Canada’s CGX Energy and Frontera Energy have entered into a letter of agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned and operated by a subsidiary of CGX. According to Frontera’s announcement on Tuesday, the agreement also provides financial support as a critical step... Continue Reading →
Rio de Janeiro, December 04, 2018 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, informs that it was notified by BlackRock, Inc. ("BlackRock") that the latter has sold preferred shares issued by the company, and as of November 29, 2018 it manages shareholding interest... Continue Reading →
12/4/18 Onshore, average equipment in activity in Brazil is the lowest since the 1980s The average number of offshore rigs in operation in Brazil this year is the lowest since 1999, with only nine units, according to BHGE's Rig Count. Throughout the history of the survey, which began in 1982, in just three years -... Continue Reading →
Brazil’s Supreme Court said on Tuesday it had authorized a federal investigation into allegations that the incoming chief of staff for far-right President-elect Jair Bolsonaro had taken illegal campaign donations. Brazil’s Prosecutor General Raquel Dodge asked the top court to allow an investigation into whether Onyx Lorenzoni, who will serve as Bolsonaro’s chief of staff... Continue Reading →
Rio de Janeiro, December 03, 2018 - Petróleo Brasileiro S.A. - Petrobras, following up on the release published on 04/30/18, reports that today it executed contractual instruments related to a new agreement negotiated with Centrais Elétricas Brasileiras S.A. (“Eletrobras”) and its subsidiaries Amazonas Energia (“AmE”) e Amazonas Geração e Transmissão (“AmGT”) for the resetting of... Continue Reading →
ExxonMobil has made its tenth discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a result of further evaluation of previous discoveries and includes a new discovery at... Continue Reading →
Rio de Janeiro, December 3rd, 2018 – Petróleo Brasileiro S.A – Petrobras informs that in connection to the press released of November 6th, 2018 is paying today Interest on Own Capital (IOC), as defined in art. 9, sole paragraph of its Bylaws. The value to be distributed, totaling R$ 1,304,449,693.00, corresponds to a gross amount... Continue Reading →
Rio de Janeiro, December 3, 2018 – Petróleo Brasieiro S.A. – Petrobras, following up on the release disclosed on 10/10/2018, announces that it concluded the operation that has resulted in the formation of a joint venture company ("JV"), of which Murphy Exploration & Production Company ("Murphy" ) has 80% stake and Petrobras America Inc ("PAI")... Continue Reading →
ABS, one of the world’s leading classification societies, has teamed up with GE collaborating on digital twin offshore rig deployment for equipment health monitoring and prediction. ABS has said it has awarded GE a Service Provider recognition for GE’s Marine Solutions’ SeaStream Insight—a data analytics-informed solution that provides health and performance monitoring of rig equipment... Continue Reading →
Siemens and Aker Solutions have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations, and services. The collaboration focuses on the creation of software applications and joint service offerings including the development of industrial digital twins that will drive efficiency throughout the entire plant lifecycle, Aker Solutions explained in a statement... Continue Reading →
Brazil Energy Insight 