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The Brazilian government is studying a mechanism that would cushion the potential impact of spikes in international oil prices on local fuel prices, energy minister Bento Albuquerque said on Thursday. The recent surge in oil prices, following events in Iraq, caused Brazil’s President Jair Bolsonaro to call a meeting this week with Petrobras and energy... Continue Reading →
JAN 8 , 2020 SOTREQ Caterpillar dealer will supply a package consisting of seven 3.45 MW gas generators to Eneva, which is responsible for gas exploration in the Azulão field. It is a project that will be integrated with TPP Jaguatirica II, in Roraima. After liquefied and stored in the Azulão, the gas will be... Continue Reading →
Jan 8, 2020 About four months after starting drilling in block S-M-623, where the Sagitario prospect is located, Petrobras made its first notification of oil evidence in the area. The discovery took place at well 3-BRSA-1370-SPS, at 1,841 meter water depth, which is being drilled with the ODN I rig. The resumption of exploratory activity... Continue Reading →
January 9, 2019 Number of authorizations for seismic and drilling campaigns increased over previous year Ibama authorized, last Wednesday (8/1), SpectrumGeo to carry out a 2D seismic campaign in the Pará-Maranhão Basin. In the licensing process, it is stated that the BGP Pioneer vessel, from Chinese BGP, will conduct the work. The issuance of environmental... Continue Reading →
For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to boost domestic energy supplies. The long-awaited opening accompanies a reshuffle of the so-called "midstream" pipeline business, but experts... Continue Reading →
Norwegian seismic vessel giant Shearwater has completed the strategic vessel transaction with the French seismic company CGG following an agreement signed in June 2019. The transaction includes the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Continue reading
Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says. In the doldrums just a few years ago, the market for floating production and storage units (FPSO); floating liquefied natural... Continue Reading →
Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project. The companies have signed non-binding heads of terms with Navitas Petroleum, which should lead to Navitas obtaining a 30% interest in the Sea Lion offshore... Continue Reading →
Oil and gas company Premier Oil has hired a Valaris-owned drillship for operations on Block 717 located offshore Brazil. In an update on Tuesday, Premier said it had contracted the Valaris DS-9 drillship to drill the Berimbau/Maraca stacked prospects on Premier’s operated Block 717 in the Ceara Basin in Brazil. The well is scheduled to... Continue Reading →
The worldwide offshore rig count in December 2019 increased by 11 units sequentially and 22 units year-over-year, according to a Wednesday rig count report by Baker Hughes Company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. The international rig count for December 2019 was 1,104, up... Continue Reading →
