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ExxonMobil has submitted its Field Development Plan and Environmental Impact Assessment Report to the Environmental Protection Agency (EPA) in Guyana for its third potential development project offshore the South American country. The 220,000 barrels per day Payara Development Project is expected to come on stream by 2023, closely following the Liza Phase 1 and 2 developments at... Continue Reading →
ExxonMobil is evaluating several wells on its multi-billion-barrel Stabroek block offshore the South American country of Guyana where it has made a record 14 discoveries since 2015. As the US oil major looks for new plays in different areas on the 6.6 million acres block, it also has to get a better understanding of the... Continue Reading →
Sept 26, 2019 Eneva identified evidence of oil and gas during the drilling of well 4-ENV-6-MA in the Fazenda Tianguar discovery area. The company had already found gas fluids last month at the well, located in block PN-T-48, in the Parnaíba Basin. The company said the volumes and eventual savings of accumulation will be determined... Continue Reading →
September 26, 2019 Petróleo Brasileiro S.A. – Petrobras reports that it has approved a new Voluntary Severance Program (“PDV”) exclusively for employees working in the company’s corporate segment. The initiative is part of the ongoing effort to make the company more sustainable with an efficient staff management. This is the third PDV offered this year... Continue Reading →
September 26, 2019 - Petróleo Brasileiro S.A. - Petrobras reports that the Board of Directors, in a meeting held yesterday, elected, effective 10/01/2019, Mr. Nicolás Simone for the role of Digital Transformation and Innovation Executive Officer, a new area of the Company that will be deployed after the General Shareholders Meeting to be held on... Continue Reading →
September 26, 201 Petróleo Brasileiro S.A. - Petrobras reports that its Board of Directors approved, at a meeting held yesterday, the update of the Vision, Purpose and Strategies for the new 2020-2024 plan, which is currently being prepared. Petrobras' new vision is to be the best energy company in generating value for the shareholder, with... Continue Reading →
September 26, 2019 The purpose of the agreement, tailored by Economy Minister Paulo Guedes, is to maintain the date of the auction in November, even if deputies want to change the proposal; government needs the resources to close this year's accounts An agreement between Economy Minister Paulo Guedes and the congressional summit closed last night... Continue Reading →
September 25, 2019 Petróleo Brasileiro S.A. - Petrobras, following the press release issued on July 23, 2019, reports that the bookbuilding procedure of the 7th (seventh) issuance of simple, non-convertible, unsecured debentures (“Debentures”), in up to 3 (three) series, for placement under best efforts, pursuant to CVM Instruction no. 400 of December 29, 2003, as... Continue Reading →
Oilfield services company TechnipFMC and classification society DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology. DNV GL said that the methodology would bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins.... Continue Reading →
Malaysian FPSO supplier Yinson saw its revenue and profit decline in the second quarter of 2019, but it is optimistic about near-term FPSO contract opportunities. The company’s revenue for the quarter was 213 million Malaysian Ringgit, down from 246,5 million Malaysian Ringgit, a drop of around 13 percent. Profit for the period fell more than... Continue Reading →
