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Sept 3, 2020 Today Petrobras starts receiving proposals from companies interested in providing support with contract management and inspection services for the Buzios 5 Project. What is being put on the table is a kind of "mother contract" or "backbone", as they say in the market, encompassing all the administrative and technical support of the... Continue Reading →
Venezuelan state oil company PDVSA and Italy's Eni are looking at options to safely offload crude from a floating storage facility on Venezuela's eastern coast that has remained idle for over a year due to U.S. sanctions, according to sources close to the discussions. The companies suspended output at their joint venture Petrosucre shortly after... Continue Reading →
The UK oil and gas regulator Oil and Gas Authority (OGA) has offered for award 113 license areas over 259 blocks or part-blocks to 65 companies in the 32nd Offshore Licensing Round. The round offered blocks in mature, producing areas close to existing infrastructure, under the flexible terms of the Innovate Licence. Continue reading
Mexican national oil company Pemex and Hokchi Energy have begun the first stage of unitization negotiations over a possible offshore shared reservoir in the southern Gulf of Mexico, Mexico's energy ministry told Reuters on Wednesday. The ministry said Pemex, formally known as Petroleos Mexicanos, told it in May that an exploratory well it drilled in... Continue Reading →
Shell is already considering the possibility of developing offshore wind farm projects in Brazil, said the company's president in the country, André Araújo, during a webinar held by the British Chamber of Commerce and Industry in Brazil (Britcham) on September 1st. The executive explained that the company may apply technologies that are being studied abroad... Continue Reading →
Sept 2, 2020 Note: The name of Lula field will be changed due to a court decision. In July, the Lula field, in the Santos Basin pre-salt, was the largest producer of oil and natural gas, registering 988 Mbbl / d of oil and 43.2 MMm3 / d of natural gas, totaling accumulated production (... Continue Reading →
3R Petroleum registered with the CVM the IPO request for shares on the Brazilian stock exchange. The objective is to raise funds for new acquisitions of oil fields in Brazil and to sustain investments in the revitalization of assets. Starboard, with a stake in the private equity fund Apollo, holds 52.3% of the capital of... Continue Reading →
Offshore drilling contractor Dolphin Drilling has been awarded an $83 million worth contract with Mexican operator Pemex. Dolphin Drilling said on Tuesday that the deal will see its Blackford Dolphin rig utilised in Mexico for the duration of the work. Drilling operations are expected to last around 15 months. Continue reading
Offshore helicopter operator Bristow Group will rename its Aeróleo division in Brazil to Bristow and remain focused on its support of the oil and gas industry and other vertical lift solutions. Aeróleo was an Era Group company and Bristow merged with Era, creating a new helicopter giant, back in June 2020. Continue reading
As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is a red flag for some investors. Ten years ago, the world’s top energy companies were spending billions of dollars on major oil and gas assets and costly drilling... Continue Reading →
