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Jan 3, 2020 Equinor forecasts two FPSOs for Carcará Equinor will install two FPSO-type platforms to produce oil and gas in Carcará, in the Santos Basin pre-salt. The first production unit, with a capacity of 220,000 barrels per day of oil and 15 million m³ / day of natural gas, will be the largest in... Continue Reading →
January 3, 2020 A 313 km long pipeline, being 294 km offshore and 19 km onshore, linking the Santos Basin pre-salt production hub to Madeira Island at the Itaguaí Port in Rio de Janeiro. This is Cosan's new project for harnessing pre-salt ultra-deepwater gas, in a project that begins with the discovery of Carcarcá, operator... Continue Reading →
January 7, 2020 Ibama has opened a public consultation to receive contributions for the publication of the Model Term of Reference (TR) that will indicate the ways for the preparation of Environmental Impact Studies of offshore wind projects in the country. Contributions can be sent to the environmental agency until April 3. The reference term... Continue Reading →
January 06, 2020 Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) announces to its shareholders and to the market in general that as of this day, it has been included as part of IBXX (or IBrX-100 Index), which consists of the 100 most traded companies in Brazil’s main stock exchange. The Company had previously been... Continue Reading →
January 6, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on December 13, 2019, reports that it has received new correspondence from the National Bank for Economic and Social Development (BNDES) in which it reports that it has invited Banco de Investimentos Credit Suisse (Brasil) S.A., Bank of America Merrill Lynch... Continue Reading →
Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander. Brent crude futures soared to a high of $70.74 a barrel and was at... Continue Reading →
Since jair bolsonaro became Brazil’s president on January 1st 2019, he has quarrelled with an impressive array of foreign leaders and celebrities. After France’s president, Emmanuel Macron, accused him of encouraging deforestation of the Amazon, Mr Bolsonaro called his wife ugly. When Greta Thunberg, a young Swedish climate activist, highlighted the murder of indigenous people in... Continue Reading →
Polarcus, a Dubai-based seismic contractor, has recorded a decrease in its vessel utilization during the fourth quarter of 2019. The vessel activity also decreased on a full year basis from 87 percent in 2018 to 79 percent in 2019. Continue reading
Electromagnetic Geoservices (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018. For the full year 2019, the vessel utilization was 59%, whereas the utilization for the full year 2018 was 33%. Continue reading
Norwegian oil and gas company Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040, and to near zero by 2050. By 2030 this implies annual cuts of more than 5 million tonnes, corresponding to... Continue Reading →
