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July 1, 2019 CGG received a permit from IBAMA to conduct a seismic campaign to acquire 35,806 km2 of seismic data in the Santos Basin. The license, issued last week, is valid until March 31, 2020. The company's forecast is for the campaign to use the Geo Caribbean vessel. The Santos Phase IX project will... Continue Reading →
June 29, 2019 Perenco sees the possibility of extending the production of the Carapeba, Pargo and Vermelho fields in shallow waters of the Campos Basin that have been producing for the least 20 years. The company understands that it is feasible to reactivate at least 50 wells in the fields, according to Operations Manager, Guillaume... Continue Reading →
July 1, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to repurchase certain of its outstanding U.S. Dollar-, Euro- and Pound Sterling-denominated notes (the “Tender Offers”). Continue reading
BW Offshore said on Monday that all the changes within the executive management team were effective immediately. The company added that Marco Beenen assumed the position of BW Offshore’s CEO. He previously served as the chief operation officer (COO) of the company since 2016. Also, Ståle Andreassen was chosen to be the chief financial officer... Continue Reading →
Oil major Shell has hired offshore helicopter provider CHC to support its exploration and appraisal work offshore Brazil. CHC said Friday that its Brazilian subsidiary CHC Brazil would be supporting Shell’s operations at the Brava Star platform supporting the Gato do Mato and Alto de Cabo Frio fields. Continue reading
Offshore accommodation specialist Prosafe has won a contract for its Safe Concordia flotel with Equinor in Brazil. Under the contract with Equinor, the 2005-built Safe Concordia will provide gangway connected operations supporting maintenance and safety services at the Peregrino FPSO in the Campos Basin offshore Brazil. Continue reading
June 28, 2019 As part of the strategy to develop new markets and add value to the export of pre-salt oil, Petrobras inaugurated a crude oil tanking facility in Qingdao Port, in the Chinese province of Shandong. The choice of location is strategic: China accounts for 75 percent of the volume of crude oil the... Continue Reading →
Activist investor Carl Icahn is pushing to oust and replace four directors at Occidental Petroleum’s board over what he recently labeled a misguided “bet-the-company” acquisition of Anadarko by Oxy in which he owns shares. The 83-year-old whose net worth has been estimated at around $18 billion, has previously slammed Oxy over its decision to pay... Continue Reading →
June 28, 2019 The ANP changed the pre-tender of the Transfer of Rights Surplus auction, to include adjustments requested by Petrobras in the confidentiality agreement for access to the data of the fields that will be offered. The change was considered low impact and does not change the timeline of the auction. In the surplus... Continue Reading →
June 27, 2019 Petrobras is released by the ANP to begin the operation of the P-68 platform, which will produce in the Berbigão and Sururu fields, in the pre-salt of the Santos Basin. The agency's board authorized the extraordinary gas burning, for 180 days, required to start the unit's (commissioning) processing plant. The company now... Continue Reading →
