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Chinese shipbuilder Cosco Dalian has completed the construction of the Carioca MV30 FPSO for Japan's Modec. The 332 meters long Carioca FPSO - converted from Flandre VLCC - will be deployed at the Sépia field operated by Petrobras, located in the “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro,... Continue Reading →
(Bloomberg) Petrobras expects oil exports in December to be between 40% and 50% below the year average. Brazil is expected to halve oil exports in December in light of easing restrictions against the coronavirus with the arrival of summer, which tends to increase fuel consumption in the country. Petrobras (PETR3; PETR4) expects oil exports in... Continue Reading →
(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina today announced the successful testing of the Indico 2 appraisal well in the CPO-5 block (GeoPark non-operated, 30% WI1) in Colombia. The... Continue Reading →
TechnipFMC handed over the unit to Shell. Another six similar ones will be delivered to the Anglo-Dutch company by January 2022, and, like the first, will be manufactured at Rio Manufacturing Hub, in Rio de Janeiro (RJ). How the equipment will be used in the Appomattox field, located in deep waters in the Gulf of... Continue Reading →
DOF Subsea has appointed Martin Lundberg as acting chief financial officer (CFO) with responsibility for the corporate finance functions in the DOF Subsea Group. Lundberg joined DOF Subsea in 2010 and has for the past ten years been a key resource in various positions within the corporate finance team in DOF Subsea. Lundberg’s new appointment... Continue Reading →
The compliance of OPEC+ with oil production cuts in October was seen at 101%, three OPEC+ sources told Reuters on Friday, maintaining a strong level of adherence to their supply-cut pact. The compliance assessment will be reviewed and confirmed by a meeting of the OPEC+ Joint Technical Committee on Monday, one of the sources said. The Organization... Continue Reading →
The UK Serious Fraud Office (SFO) said on Thursday it had secured just under 1.2 million pounds ($1.6 million) from a Brazilian national implicated in Brazil's "Operation Car Wash", the country's biggest bribery investigation that began in 2014. The SFO said it opened a civil recovery investigation into Julio Faerman in 2015 after the former... Continue Reading →
Australian oil and gas firm Karoon Energy has this week completed the acquisition of a 100% operating interest in the BM-S-40 offshore concession in Brazil from Petrobras. The offshore block in the Santos Basin contains the producing Baúna oil field and undeveloped Patola discovery. Karoon, listed on the ASX, said that the acquisition transformed the... Continue Reading →
3R Petroleum intends to expand its operations in the revitalization of mature fields to other countries in Latin America. The information was provided by the company's CEO, Ricardo Savini, during the company's IPO ceremony at B3, which moved R$ 690 million, which will be used in the development of projects and in new acquisitions .... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on September 28, 2020, informs that its Executive Board approved a new change in the deadline for certain conditions set forth in the agreement signed with Sete Brasil to be implemented. Thus, the effectiveness of the agreement and of the other related contracts will... Continue Reading →
