Offshore drillers Ensco and Rowan earlier this week announced they would merge to create an offshore drilling company with the broadest geographic presence of any offshore driller in the market. Norwegian oil and gas intelligence firm Rystad Energy agrees. In a comment following the Ensco-Rowan merger announcement, Rystad labeled […]
10/1/18 Petrobras is expected to launch the tender to contract Itapu’s FPSO in the Santos Basin pre-salt in 2018. With the first oil planned for 2021, the platform will have the capacity to produce 120,000 barrels of oil per day. Sources believe that Petrobras may choose, as an […]
10/11/18 Phoenix submitted to the ANP the declaration of commerciality of the Northeastern Periquito field, a result of discovery in block POT-T-744, in the Potiguar Basin. In addition to the 744, Phoenix has another exploratory concession, in block POT-T-743. The areas were acquired in Round 13 by UTC […]
October 11, 2018 Fueled by the oil and gas industry, the state of Rio de Janeiro increased its exports by 24% (US $ 19.1 billion) and its imports by 125% (US $ 16.7 billion) from January to August this year to the same period last year. The main […]
The U.S. oil company Murphy Oil has said it will form a joint venture company with Petrobras America, a U.S. subsidiary of the Brazilian oil company Petrobras. The two companies have signed a definitive agreement to create a joint company comprised of all of Murphy’s and Petrobras’ Gulf […]
AET, a petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has named its first LNG dual-fueled aframax oil tanker vessels, Eagle Brasilia and Eagle Bintulu for Shell. According to the company, using LNG as a fuel eliminates sulfur (SOx) emissions by nearly 100 percent, nitrous oxide […]
BP Plc boss Bob Dudley, among the first to say oil will stay lower for longer, is becoming more confident. In a sign of the improving times, the British oil major is now planning its investments at $60-$65 a barrel oil, raising it from $50-$55 last year, Dudley said […]
Exclusive: Brazil’s Bolsonaro would not sell Petrobras in short-term – party chief RIO DE JANEIRO (Reuters) – The far-right front-runner in Brazil’s presidential election, Jair Bolsonaro, has no plans to privatize state-run oil company Petroleo Brasileiro SA (PETR4.SA) in the short-term if elected, the president of his Social […]
PSL candidate for the Presidency of the Republic, Jair Bolsonaro, said on Tuesday night (9/10) that Brazil does not have the resources to explore the pre-salt. “We do not have the resources to explore the pre-salt. They broke Petrobras and in 20, 25, 30 years the energy will […]
DOF Subsea has chosen acoustic and inertial navigation technology from Sonardyne Brasil to support its deepwater operations from three vessels offshore Brazil. The three vessels will be equipped with Sonardyne’s SPRINT-Nav all-in-one subsea navigation instrument for underwater vehicles. Read more
