AET, a petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has named its first LNG dual-fueled aframax oil tanker vessels, Eagle Brasilia and Eagle Bintulu for Shell. According to the company, using LNG as a fuel eliminates sulfur (SOx) emissions by nearly 100 percent, nitrous oxide (NOx) emissions by 85 percent and particulate... Continue Reading →
BP Plc boss Bob Dudley, among the first to say oil will stay lower for longer, is becoming more confident. In a sign of the improving times, the British oil major is now planning its investments at $60-$65 a barrel oil, raising it from $50-$55 last year, Dudley said Wednesday at the Oil & Money conference... Continue Reading →
Exclusive: Brazil's Bolsonaro would not sell Petrobras in short-term - party chief RIO DE JANEIRO (Reuters) - The far-right front-runner in Brazil’s presidential election, Jair Bolsonaro, has no plans to privatize state-run oil company Petroleo Brasileiro SA (PETR4.SA) in the short-term if elected, the president of his Social Liberal Party told Reuters on Wednesday. Petroleo... Continue Reading →
PSL candidate for the Presidency of the Republic, Jair Bolsonaro, said on Tuesday night (9/10) that Brazil does not have the resources to explore the pre-salt. "We do not have the resources to explore the pre-salt. They broke Petrobras and in 20, 25, 30 years the energy will be different, "he said in an interview... Continue Reading →
DOF Subsea has chosen acoustic and inertial navigation technology from Sonardyne Brasil to support its deepwater operations from three vessels offshore Brazil. The three vessels will be equipped with Sonardyne’s SPRINT-Nav all-in-one subsea navigation instrument for underwater vehicles. Read more
10/10/2018 Petrobras will need about 60 new wet Christmas trees (ANMs) in the next three years to develop its pre-salt assets. The projected demand is one of the largest in the world for the period, comparable to that of oil companies such as ExxonMobil. The account includes the 12 vertical trees that will be... Continue Reading →
Monday’s news of the proposed merger between offshore drillers Ensco and Rowan came as no surprise to the energy intelligence group Wood Mackenzie whose analysts have said M&A in the drilling space is of utmost importance for the sector’s recovery. Commenting on the $2.38 billion deal, Leslie Cook, principal analyst, Wood Mackenzie, said: “As we have... Continue Reading →
Rio de Janeiro, October 8, 2018 – Petróleo Brasileiro S.A. – Petrobras informs the beginning of the opportunity disclosure stage (Teaser) related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha), located in the state of Espírito Santo, Brazil, close to the municipality... Continue Reading →
Brazil’s Workers Party (PT) presidential candidate Fernando Haddad said on Monday that the runoff race for the country’s top office would pit his party’s history of strong social programs against the neoliberal economic model pushed by far-right rival Jair Bolsonaro. To win second round, Brazil's leftist Haddad must remake his candidacy Read more
Brazilian far-right presidential candidate Jair Bolsonaro, who narrowly missed a first-round presidential win yesterday, said on Monday on Twitter that he would reduce the number of ministries, privatize state companies and combat fraud in social programs if elected. The statement sheds some light on Bolsonaro’s governmental agenda, which has remained hazy except for the appointment... Continue Reading →
