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Offshore drillers Ensco and Rowan have announced an all-stock merger agreement creating an offshore drilling company with 82 offshore rigs in its fleet. The two drillers have said that the merger will create a driller with the broadest geographic presence of any offshore driller in the market. Rowan CEO will serve as the chief executive... Continue Reading →
Oct, 2018 Digitalization is a trend across the industry. The oil and gas sector, of course, also goes through this process of change, accompanying the other segments of the economy. With this in mind, Vallourec has launched a brand encompassing smart solutions, combining physical and digital services. Called Vallourec.smart, the initiative aims at... Continue Reading →
Brazil’s presidential election will be decided in a run-off between right-winger Jair Bolsonaro and leftist Fernando Haddad, the president of the country’s top electoral court said on Sunday. Read more
Energy services company Shawcor has been assigned work from Saipem valued at approximately C$110 million ($85M) on the Exxon-operated Liza I and II deepwater development projects located offshore Guyana. Shawcor said on Thursday that the company’s pipe coating division would provide thermal insulation and anti-corrosion coating services for the Liza I and II projects offshore... Continue Reading →
Rio de Janeiro, October 5, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that yesterday it prepaid a debt with Banco do Brasil, in the amount of R$2 billion, whose maturity would occur in 2020. Simultaneously, Petrobras has signed with the same institution and the same amount a revolving credit facility, with maturity in October... Continue Reading →
Despite the rise of electricity generation from renewables, oil and gas will still account for a significant 40% of world energy demand in 2050. The Outlook expects natural gas to overtake oil to become the world’s largest source of energy in 2026. In a ‘golden age’ for gas, it will retain this position through to... Continue Reading →
Norwegian Aker Solutions has signed a contract with Petrobras to provide a subsea production system and related services for the Mero 1 project within the Mero field development, one of the largest oil discoveries in Brazil’s pre-salt area. Aker Solutions informed on Friday that the subsea production system will consist of 12 vertical subsea trees... Continue Reading →
Oil companies Noble Energy and Edison have decided to relinquish their stakes in the PL001 offshore license in the Falkland Islands. The news was shared on Thursday by Argos Resources, which had held a 100% in the PL001 block before the two companies’ farm-in back in 2015. Argos’ shares fell 30 percent following the announcement Read... Continue Reading →
RIO DE JANEIRO--(BUSINESS WIRE)--Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data. Read more
Published: 10/03/2018 FOTO ANDRÉ RIBEIRO / AGÊNCIA PETROBRAS Well is among those with the highest production in ultra-deep waters Petrobras, operator of the Libra Consortium, concluded the long-term test (TLD) at the Mero field, located in the Libra block, in the Santos Basin pre-salt. Started in November 2017, production was carried out by FPSO... Continue Reading →
Brazil Energy Insight 