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An idled oil storage facility off Venezuela's eastern coast is in "satisfactory" condition, an official with state company Petroleos de Venezuela said, after a series of incidents in recent months raised concerns about environmental hazards. About 1.3 million barrels of Corocoro crude have been stuck for over a year aboard the Nabarima FSO (floating storage... Continue Reading →
A Mexican government plan to boost the energy sector that could be unveiled in the coming weeks will not likely include any new exploration or production projects open to private or foreign oil firms, the head of an oil sector trade group said Thursday. A possible infrastructure investment plan from President Andres Manuel Lopez Obrador aimed at boosting Mexico's... Continue Reading →
Brazilian oil company Petrobras has extended contracts with offshore services company Subsea 7 for three pipelay support vessels (PLSVs) operating offshore Brazil. Subsea 7 said Friday that the extensions of long-term contracts had a combined value of about $155 million, net of agreed reductions to the current day-rates. Continue reading
Sept 3, 2020 Petrobras is already working on the development of Buzios 9 FPSO and for the other phases of the Santos cluster mega field. The oil company hired Doris Engenharia to develop the basic project for a generic FPSO, with a capacity to produce 225 thousand bopd and compress 12.5 million m³ / d... Continue Reading →
Sept 3, 2020 Petrobras in talks with companies that presented lower prices in the bidding. Solstad Offshore presented the lowest price in a bid by Petrobras to hire a vessel to support the operations of underwater robots (RSV). The company offered a daily fee of US $ 53,884.72 with Far Saga, surpassing the proposal presented... Continue Reading →
Sept 3, 2020 The Lula field, in the pre-salt of the Santos basin, achieved a feat that is not yet properly recognized internationally: it is today the seventh field with the largest oil production in the world, surpassing emblematic assets in the onshore and offshore of countries like Russia, United States and Iraq. With a... Continue Reading →
TOTAL's announcement with Green Investment Group yesterday about Floating wind in South Korea is an important milestone in offshore wind energy and towards accelerated momentum in the Floating wind segment. Quest Floating Wind Energy's Q Vision illustrates a $35 billion Total Addressable Market in CapEx for the Asia Pacific region with South Korea now leading...... Continue Reading →
Sept 3, 2020 ExxonMobil signed a contract with C-Innovation, a company of the Edison Chouest Offshore group, for the chartering of an ROV capable of operating in water depths of up to 4 thousand m. The deal is aimed at the exploratory campaign that will be carried out in Brazil, in early 2021, with the... Continue Reading →
Sept 3, 2020 Total started a new environmental licensing process for drilling seven exploratory wells in the area of blocks FZA-M-57, FZA-M-86, FZAM-88, FZA-M-125 and FZA-M-127, in the Basin of Foz do Amazonas. The company was forced to restart the licensing of the projects after the environmental agency dismissed, in April last year, the reconsideration... Continue Reading →
Sept 3, 2020 The Minister of Mines and Energy, Bento Albuquerque, said on Wednesday (2) that Brazil will be able to dispose of the total production planned for pre-salt gas for the next six years, with the forecast for the start-up of the Route 3 at the beginning of 2021. The Petrobras project is the... Continue Reading →
