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Oil and gas company Rockhopper, with a share in the Sea Lion project off the Falkland Islands, has announced a set of cost-cutting measures which include headcount reductions, and directors' salary reduction. The company said Tuesday that due to the "external events affecting the sector" - meaning low oil prices and the pandemic - it... Continue Reading →
Malaysian oil and gas company Petronas has completed the farm-down of a 50% stake in an offshore Suriname block to a subsidiary of ExxonMobil. The offshore block, known as Block 52, is located north of the coast of Paramaribo, Suriname’s capital city, and is situated in the prospective Suriname-Guyana basin where several major hydrocarbon discoveries... Continue Reading →
May 18, 2020 The POSH Xanadu accommodation platform (flotel), which came to operate in support of Petrobras' production activities in the Campos Basin on several occasions, arrived on Friday (15) at the Port of Angra dos Reis to carry out repairs. The vessel's expected stay is approximately 60 days. According to information from the Superintendence... Continue Reading →
Norwegian oil company Equinor has raised 1.75 billion euros ($1.9 billion) in the bond market, it said on Monday, in its latest push to secure long-term funding at a time of weak crude prices. The issue of a six-year 750 million euro bond and a 12-year 1 billion euro bond follow last month's $5 billion... Continue Reading →
May 15, 2020 Petrobras is well prepared to operate with oil prices as low as $ 15 a barrel, after putting in place several measures to deal with the sector's global crisis scenario, and may make further cost cuts, the company executive director of Finance and Investor Relations, Andrea Almeida, said on Friday. In view... Continue Reading →
May 15, 2020 At the press conference given by Petrobras management, the company's president, Roberto Castello Branco, made a point of stressing the change in the name of the Rio de Janeiro Petrochemical Complex (Comperj), which he refers to as a “graveyard of corruption”. In an attempt to erase the past of scandals involving the... Continue Reading →
MAY 18, 2020 HELOÍSA ESTEVES is the new director for the study of oil, gas and biofuels of the Energy Research Company (EPE). Heloisa, who was in the Superintendence for Promotion of Bids of the National Petroleum Agency (ANP), had her appointment confirmed on the 15th in the Federal Official Gazette. Esteves will occupy the... Continue Reading →
Norwegian offshore support and subsea service vessel owners DOF and DOF Subsea have reached stand-still agreements with lenders representing to 93% secured debt of DOF companies. The agreement means all payments of principal and interest to the secured lenders are suspended until 30 June 2020 on certain customary terms and conditions. Continue reading
May 17, 2020 Petrobras confirmed the characteristics of reservoirs in ultra-deep waters on the Sergipe coast, more precisely in the FARFAN field, 80 kilometers from the coast. A Long Term Test (TLD), carried out between February and April this year, confirmed the reservoir. "It is important that we receive this data, as it gives us... Continue Reading →
May 17, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 11, 2020, informs that it started yesterday the Extended Well Tests (EWT) in the Discovery Assessment Plan (DAP) of Forno, in the Albacora field, located in the Campos Basin pre-salt. The test is being carried out in well... Continue Reading →
