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Keppel Offshore & Marine’s subsidiary Keppel Shipyard has secured a floating production storage and offloading vessel (FPSO) conversion contract from SBM Offshore meant for ExxonMobil’s Liza field offshore Guyana. The contract is for the conversion of a very large crude carrier (VLCC) into an FPSO, which upon completion, will be deployed to the ExxonMobil-operated Liza field,... Continue Reading →
U.S. oil major ExxonMobil on Thursday announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot adds to Exxon’s previous discoveries at Liza, Payara, Snoek and Liza Deep wells in the Stabroek Block. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect.... Continue Reading →
Shareholders of offshore drillers Ensco and Atwood Oceanics have approved the previously proposed merger of the two companies. Ensco on Thursday said 65 percent of its shareholders had voted in favor of the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics, Inc. in connection with the all-stock acquisition of Atwood... Continue Reading →
Brazil’s Finance Minister Henrique Meirelles has hired social media experts to boost his image ahead of the 2018 election, three sources told Reuters on Wednesday, the strongest sign yet that the former banker is seriously eyeing a run for president. Read more
4.10.2017 Stock Exchange Notice Oslo, October 4, 2017: Scatec Solar ASA (SSO) and Statoil ASA (STL) have agreed to establish a 50/50 Joint Venture to build, own and operate large scale solar plants in Brazil. The Joint Venture has an ambition to become a significant player in the Brazilian solar market. "The potential for solar energy... Continue Reading →
When private drillers struck oil off Mexico’s coast this year, they didn’t anticipate sharing it with the state oil company. It looks like they’ll have to. The discovery of as much as 2 billion barrels in July, by a group led by Houston-based operator Talos Energy LLC, grabbed the oil world’s attention. Mexico’s energy reformers celebrated. It was... Continue Reading →
Brazilians may be a year away from voting for their next president, but investors are already plenty worried. Measures of implied volatility for the currency show traders pricing in big swings around the October 2018 vote, even as calm pervades in the near term. The split has taken the ratio between one-year and six-month implied... Continue Reading →
Rio de Janeiro, October 4, 2017 - Petróleo Brasileiro S.A. – Petrobras, further to the Press Release disclosed on 09/08/2017, informs the start of the non-binding phase regarding the assignment of all of its exploration, development and production rights in seven sets of shallow-water fields located in the States of Ceará, Rio Grande do Norte,... Continue Reading →
Brazilian federal Judge Sérgio Moro on Monday said the Car Wash probe, Brazil’s largest ever corruption investigation, is nearing completion in the southern city of Curitiba, where it started in 2014. “There are still investigations under way, but a large part of the work has been done,” Moro told reporters in Sao Paulo after a... Continue Reading →
The Australian mining giant, which last year won rights to partner with state-owned Pemex in the Gulf of Mexico’s Trion field, hopes to have a drilling rig contracted this year and to spud two wells in the second half of 2018, Steve Pastor, BHP’s petroleum president, said Monday in an interview in Mexico City. Trion, which Pemex estimates to hold... Continue Reading →
Brazil Energy Insight 