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Enauta communicated the preventive suspension of production in Atlanta, a heavy oil field in the Santos Basin, which operates through an anticipated system, with less capacity. - "When identifying faults in the oil heaters, a specialized company was hired for evaluation. As preliminary information indicates that the corrosion found in some equipment may compromise its... Continue Reading →
Windthrust, a subsidiary of Australian-based, National Ports Corporation, has revealed plans for a 300 meters long, combined self-propelled floating port and installation vessel for foundations, wind turbines, and substation - named the Oceandock LX. "Windthrust has been working closely with offshore wind farm market leaders from Northern Europe to identify the key factors and requirements... Continue Reading →
(Reuters) - The Trump administration’s final sale of oil and gas leases in the Gulf of Mexico generated nearly $121 million in high bids on Wednesday, an improvement from the last government auction held just as the coronavirus pandemic was beginning to depress world demand for fuel. The sale was the last before the January... Continue Reading →
(Bloomberg) --Chevron’s willingness to keep a foothold in oil-rich Venezuela will now be a thorny political issue for President-elect Joe Biden to sort out. The U.S. Treasury Department extended until June 3 its authorization for Chevron to carry out essential transactions in the country to preserve its assets, from a previous Dec. 1 deadline. Since... Continue Reading →
Petrobras, following up on the release disclosed on November 19, 2019, informs that the Administrative Council for Economic Defense (CADE), in a Court session held on this date, approved the sale of Liquigás Distribuidora S.A. ("Liquigás"), a wholly-owned subsidiary of Petrobras, to the acquiring group composed of Itaúsa S.A. (Itaúsa), Copagaz - Distribuidora de Gás... Continue Reading →
Brazilian oil and gas company PetroRio has signed an agreement with BP for the acquisition of interests in two fields offshore Brazil. PetroRio said on Thursday that the agreement was for the acquisition of 35.7 per cent interest in the BM-C-30 block which consists the Wahoo field. The deal also includes the buy of the... Continue Reading →
Offshore drilling contractor Transocean has secured contract extensions for two of its 2011-built drillships with Brazil's national oil company Petrobras. Transocean said Wednesday that Petrobras had exercised a 680-day option for the Deepwater Corcovado drillship, and an 815-day option for the Deepwater Mykonos drillship. Transocean acquired both ultra-deepwater drillships through the acquisition of its rival Ocean... Continue Reading →
The jewel in the Petrobras crown, the Buzios field should reach the end of the decade with daily production above 2 million barrels of oil per day - today, this volume is 600 thousand. The forecast was presented by the executive manager of the state company Marcio Kahn, during the Technical Forum of Pre-Salt Petroleum... Continue Reading →
Norwegian offshore wind services firm Aker Offshore Wind has increased its stake in Principle Power, a company developing foundations for floating wind farms. Aker Offshore Wind's stake in Principle Power will grow from around 20 percent to an expected 39 percent, after exercising an option to buy further shares in the floating wind technology company.... Continue Reading →
The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has pledged to ban new drilling on federal lands and waters. The Bureau of Ocean Energy Management, an arm... Continue Reading →
