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European supermajors BP and Shell occupy the top spots on opposite sides of Rystad Energy’s M&A ranking for the oil and gas sector during the last five-year period. Rystad Energy has analyzed the share of resources traded globally from 2015 through July 2019. Two oil and gas companies stand out in the tally, not including... Continue Reading →
Offshore drilling contractor Transocean has deployed what is says is the world’s first hybrid energy storage system aboard a floating drilling unit. The system is now operational on the Transocean Spitsbergen rig, engaged in drilling operations at the Snorre field in Norway. Transocean said on Wednesday that its patented hybrid power technology, developed in partnership... Continue Reading →
Oct 02/2019 According to ANP, the August 2019, oil and natural gas production in Brazil totaled 3.828 million barrels of oil equivalent per day (MMboe / d). Oil production was approximately 2.989 million barrels per day (MMbbl / d), an increase of 7.7% from the previous month and 18.5% from August 2018. The volume exceeded... Continue Reading →
Brazil’s Senate on Wednesday approved a landmark pension reform bill in a first round of voting, in a relief for far-right President Jair Bolsonaro, although senators voted down an amendment in a move that dilutes the reform’s projected savings. The bill will now pass to a second and final voting round. Senate President David Alcolumbre... Continue Reading →
Subsea 7 is pleased to announce that it has acquired 4Subsea, a leading provider of technology and services that delivers key decision support to oil & gas and offshore wind operators worldwide. 4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team. 4Subsea’s Peter Jenkins will continue in his role as... Continue Reading →
Oct 02, 2019 BW Offshore finalized the transfer of E&P assets to BW Energy, the former subsidiary. As a result, BW Energy becomes an independent E&P company based in Bermuda. BW Offshore's decision to separate its share of E&P was announced in May this year. The goal is for BW Energy to be open to... Continue Reading →
Oct 02, 2019 Weatherford has signed a contract with Petrobras to supply the oil company with 24 deepwater safety valves. Lasting four years, the deal involves equipment capable of withstanding pressures up to 10,000 psi and water depths up to 3,658 m. Operating in 80 countries, Weatherford provides solutions, technology and services to the oil... Continue Reading →
Oct 02, 2019 BNDES will participate in project modeling and financing of the natural gas sector infrastructure, and seeks, among the objectives of the Gas for Development Program, to support projects such as those on routes 4, 5 and 6, aimed at increasing offshore production flow capacity in the country. Part of the BNDES Gas... Continue Reading →
October 02, 2019 Norwegian company, fourth largest oil company in Brazil, will invest US $ 15 billion in the country. A foreign oil company that has made the most of Petrobras' asset sales to strengthen its presence in Brazil, Norwegian Equinor (formerly Statoil) plans to start investing heavily in its new project portfolio in the... Continue Reading →
Norway’s Equinor has awarded Italy’s Saipem a subsea service contract which entails using a wireless underwater intervention drone and an ROV on the Njord field located offshore Norway. The contract will make Equinor the first user of technology expected to be completed in 2020, Equinor said on Wednesday. “This is a historic contract in the... Continue Reading →
