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Sept 9, 2019 Oil and natural gas production at the Berbigão and Sururu fields in the Santos Basin will be inaugurated by the end of the year, according to Márcio Naumann, Valongo's Petrobras Operational Support manager. The extraction will be done by the P-68 FPSO platform for extracting, storing and transporting which is at the... Continue Reading →
Sept 9, 2019 The Ministry of Mines and Energy (MME) approved the edict and the models of the Production Sharing Agreements, prepared by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for the bidding of Transfer of Rights Surplus in the areas of Atapu, Buzios, Itapu and Sepia, scheduled for November 6, ensuring... Continue Reading →
The worldwide offshore rig count in August 2019 decreased by ten units sequentially, but increased by 41 unit year-over-year, according to reports by Baker Hughes, a GE company. BHGE splits its rig counts into international and North America rig counts, which combined make the worldwide rig count. Baker Hughes reported on Monday that the international... Continue Reading →
Sept 8, 2019 Saipem's Offshore Construction and Technology Center (CTCO) in Brazil has received, at its manufacturing center, located in Guarujá-SP, some equipment from Petrobras for storage, under a five-year contract. Situated in Guarujá Naval Industrial Center, this center is strategically located at the entrance to the Santos Port canal. It was specifically designed to... Continue Reading →
September 6, 2019 Petróleo Brasileiro S.A. - Petrobras, following up on the disclosure made on June 25, 2018, reports that on August 30, 2019, the Court of Appeals for the Second Circuit confirmed the decision approving the agreement to settle the Class Action in the United States. As of today, the agreement is no longer... Continue Reading →
Schlumberger, the world’s largest service company, plans to redefine its focus, exiting unprofitable businesses, restructuring some units, and placing more emphasis on returns, new Chief Executive Officer (CEO) Olivier Le Peuch said in a speech at an investor conference this week. “The Schlumberger of tomorrow will not be the Schlumberger of today,” said Le Peuch,... Continue Reading →
The chief executive of a natural gas pipeline unit of Brazilian state oil firm Petrobras (PETR4.SA) has been removed, the company told Reuters on Thursday, after a middleman in a graft scheme implicated him in plea bargain testimony. Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which operates a 1,610-mile pipeline transporting natural gas from Bolivia to Brazil,... Continue Reading →
The frontier oil province is set for yet another significant investment opportunity. But political uncertainty is just one of the many myriad challenges the country faces before first oil Guyana is anticipating the announcement of another major oil find as early as next week, the country’s chief investment official said at the SPE Offshore Europe... Continue Reading →
Oil majors’ recent project investments are not in line with Paris climate goals, Carbon Tracker think-tank said in a report on Thursday. The Paris Accord committed to tackling the climate change was signed by 195 nations in December 2015, who have pledged to try and keep the global warming “well below” 2 degrees Celsius above... Continue Reading →
The New York Stock Exchange gas decided to suspend trading in securities of Seadrill Partners and has started procedure to delist the company, an affiliate of drilling contractor Seadrill, from the exchange. The NYSE reached its decision due to Seadrill Partner’s low market capitalization. “The Company expects its common units to trade in the over... Continue Reading →
