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Helicopter operator Omni Táxi Aéreo has won a contract with Dommo Energia, formerly known as OGX, for transport of passengers to its FPSO and rig at the Tubarão Martelo field. Omni said on Friday, January 26 that this was the company’s first signed contract in 2018. The deal will consist of six flights per week... Continue Reading →
Karoon Gas Australia has launched a request for tender to select suppliers for its operated Echidna development located offshore Brazil. Karoon has a 100% equity interest in Blocks S-M-1037, S-M-1101, S-M-1102, S-M-1165 and S-M-1166 in the Santos Basin located approximately 200 kilometers off the coast in the State of Sáo Paulo, Brazil. Karoon’s drilling campaigns... Continue Reading →
If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook. The reports were both released Friday. Which one to believe? Read more
Rio de Janeiro, February 1, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that it received today, Official Letter no. 148/2018-GEA, which requests the following clarification: Official Letter no. 148/2018- SAE “Dear Gentlemen, A news article published by the Valor Econômico newspaper, on 2/1/2018, under the headline “Petrobras Leverage", states, among other information, that if... Continue Reading →
Exxon Mobil Corp. and Chevron Corp., failing to capitalize on a more than 50 percent rise in oil prices since June, spurred the wrath of investors by missing fourth-quarter estimates on both earnings and output. Exxon took the worst hit, plunging 5.8 percent to $83.86 in New York trading at 1:00 p.m., making them the second-worst performer... Continue Reading →
Chevron Corp. had its best year of oil and natural gas discoveries in more than half a decade as rebounding energy prices lifted drillers out of the worst slump in a generation. Chevron found enough untapped fields to replace 155 percent of the crude and gas it pumped last year, the highest reserves replacement since 2011.... Continue Reading →
A new and important contract for the Omni Air Taxi, which has just won a contract from France's Total for passenger transportation and 24-hour aeromedical coverage for Campo de Lapa, in the Santos Basin. Two H225 aircraft will be used, with a capacity to carry up to 19 passengers. The agreement between the two... Continue Reading →
Feb. 1/2018 Petrobras, operator of the Libra Consortium, started the competitive process to contract the charter of the second definitive production system of Campo de Mero. Campo de Mero is located in the northwest area of the Libra block, about 180 km off the coast of Rio de Janeiro, in the pre-salt of the... Continue Reading →
U.S. oil major ConocoPhillips returned to quarterly profit helped by higher oil prices and increased its dividend and share buyback. ConocoPhillips on Thursday reported fourth-quarter 2017 earnings of $1.6 billion, compared with a fourth-quarter 2016 net loss of $35 million. Excluding special items, fourth-quarter 2017 adjusted earnings were $0.5 billion, compared with a fourth-quarter 2016... Continue Reading →
Mexico has awarded 19 offshore blocks to 11 companies at its bidding round for deepwater acreage held on Wednesday. The country will get $525 million from the winning offers submitted for acreage in Perdido Belt, Cordilleras Mexicanas and Salina Basin. Read more
Brazil Energy Insight 