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Norway’s Equinor has completed the acquisition of a 25 percent non-operated interest in the Roncador oil field in Brazil’s Campos Basin from Brazil’s Petrobras. Equinor said: “Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit paid upon the signing of the transaction, Equinor has paid Petrobras an adjusted cash consideration... Continue Reading →
6/14/18 Ten companies presented proposals to Petrobras' bid to contract integrated logistic support services for Libra, in the Santos Basin pre-salt. Among them are four shipping companies: CBO, Farol Apoio Marítimo, Oceanpact and Magallanes Navegação / Wilson Sons Ultratug, which is part of the Group Brasco, operator of port terminals in Rio de Janeiro. Also... Continue Reading →
06/13/18 The E & P commitments agreed by operators with ANP for 2018 foresee the drilling of approximately 190 wells, according to agency estimates. That number is well below the 300 originally forecast for 2017. Of the total foreseen for this year, 161 are associated with the asset development phase, with a large majority (45.6%)... Continue Reading →
06/13/18 Petrobras postponed the delivery date of bidding proposals to charter two new FPSOs to Marlim and an FPSO to Parque das Baleias, in the Campos Basin. Both tenders were due to open on 20 June. The date of Marlim was redirected to 9 of August and the one of the Parque das Baleias to... Continue Reading →
The leading leftist candidate in Brazil’s presidential race, Ciro Gomes, would end the refining monopoly of state oil company Petroleo Brasileiro SA, a senior Gomes adviser told Reuters. Read more
With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots. There is a catch, though. The strategy assumes that with crude now up more than 150 percent... Continue Reading →
June 14, 2018 LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) and DOF Subsea (DOF) announce that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras). The vessel will... Continue Reading →
June 13, 2018 Total Eren - a partnership between France's Total and Eren - has closed the acquisition of 100% of the Dracena I, Dracena II and Dracena IV photovoltaic solar plants, all operated by Cobra do Brasil and to be installed in the city of Dracena, in the interior of the state from Sao... Continue Reading →
U.S. oil major ExxonMobil is rapidly progressing its Liza Phase 1 development located offshore Guyana with the beginning of development drilling. ExxonMobil informed on Tuesday that the development drilling for the first of 17 wells planned for Phase 1 began in May, laying the foundation for production startup in 2020. Read more
06/11/18 The ANP decided to grant 359 days to the first exploratory period of the FZA-M-90_R11 concession contract, held by QGEP (operator, with 100%). As a result, the end of the First Exploration Period will be from 8/30/2018 to 8/24/2020 and the second period from 8/30/2021 to 8/24/2022. Oil and gas exploration in the Amazonas... Continue Reading →
