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Nov 26, 2019 Without revealing amount of investments, oil company announces number of wells for next year Petrobras will drill seven to eight exploratory wells in 2020. The information was released by the oil company's E&P director Carlos Alberto Oliveira during the 2nd Pre-Salt Petroleum Technical Forum, anticipating that most of the campaign will be... Continue Reading →
Malaysia's state energy firm Petroliam Nasional Bhd said on Tuesday its third-quarter profit nearly halved due to lower demand and impairment charges, and warned of further risks to demand. Profit for the July-September period at Petronas, as the company is better known, dropped to 7.4 billion ringgit ($1.77 billion) from 14.3 billion ringgit a year... Continue Reading →
November 26, 2019 Petrobras found evidence of oil and gas in well 4-BRSA-1372-RJS, within the Marlim Leste block, in the Campos Basin pre-salt. The discovery took place in a water depth of 2,024 meters, according to data published by the National Petroleum Agency (ANP). The field has two FPSOs (P-53 and Cidade de Niterói), with... Continue Reading →
November 26, 2019 Petróleo Brasileiro S.A. - Petrobras announces that, regarding to the sale of 100% of its equity interest in Araucária Nitrogenados S.A. (ANSA) and in Nitrogen Fertilizer Unit III (UFN-III), the ongoing negotiations with Acron Group have been closed, without business execution. Nevertheless, Petrobras informs that its strategic position of fully exiting the... Continue Reading →
Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a "hotspot" of its international efforts, the company's exploration head said on Tuesday. The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing on the North Sea, plus wells at the... Continue Reading →
The Norwegian Competition Authority last month objected the proposed merger of the two largest providers of semi-submersible accommodation rigs. The NCA said the merger would reduce competition and lead to increased cost for customers. The proposed merger, if realized, would create the world’s largest offshore accommodation company, with Prosafe currently owning and operating a total... Continue Reading →
The U.S. government will launch a “global entry” program for Brazilians traveling to the United States to allow expedited clearance for pre-approved, low-risk travelers upon arrival, the Brazilian government said on Monday. Brazilian business people who travel frequently to the United States have been waiting since 2012 - when the two sides were close to... Continue Reading →
November 25, 2019 Pre-Sal Petróleo SA (PPSA) estimates that the demand for new FPSOs could reach 28 new units to be installed between 2021 and 2030 to develop the reserves contracted under the production sharing model. There are a total of 17 exploration and production contracts signed between 2013 and this year, when TOR and... Continue Reading →
Nov 25, 2019 Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday. Samsung Heavy has admitted to paying about $20 million to... Continue Reading →
Weatherford International has appointed Christian Garcia as executive vice president and chief financial officer, effective January 06, 2020. He will take over from Christoph Bausch who will step down as executive vice president and chief financial officer on November 14, 2019 to pursue other opportunities. He will remain with the company through November 30, 2019... Continue Reading →
