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Wilson Sons, the largest operator of port and maritime logistics in the Brazilian market, has been developing a series of actions to reduce the environmental impact of its operations over the past decade, contributing to the global effort for climate balance. The most recent is the incorporation of the IMO TIER III standard, which reduces... Continue Reading →
A deadly accident on an offshore platform belonging to Mexican state oil company Pemex "may slow" the company's production growth rate, ratings agency Fitch said in a statement on Tuesday, after officials confirmed a sharp hit to output. The rating agency warning follows the weekend incident in the southern Gulf of Mexico which engulfed in... Continue Reading →
Brazil plans to expand the country's Open Acreage program to include exploration and production blocks within the pre-salt polygon that require production-sharing contracts in a move that could unlock the development of smaller oil and natural gas deposits said the director of exploration at the Ministry of Mines and Energy and Production, Rafael Bastos. The... Continue Reading →
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed. The move comes two months after the U.S Interior Department first said it would comply with... Continue Reading →
The ANP's Special Bidding Commission (CEL) approved the registration of the Australian oil company Karoon in the 17th round, scheduled to take place on 7 October. The company is the seventh approved by the agency to participate in the auction, which will offer areas in the Campos, Santos, Pelotas and Potiguar basins. -- Last week,... Continue Reading →
(Reuters - Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage. Brent crude was up 14 cents, or 0.2%, to $71.19 a barrel by 1028 GMT, reversing earlier losses. U.S. West Texas Intermediate (WTI) crude... Continue Reading →
(Reuters) - U.S. private equity firm EIG Global Energy Partners submitted a binding offer worth several hundred million dollars on Monday for Petrobras' TBG and TSB natural gas pipelines in Brazil, a source with direct knowledge of the matter told Reuters. Petroleo Brasileiro SA (PETR4.SA), as Brazil's state-run oil company is formally known, put its stakes... Continue Reading →
E&P company BW Energy has made an oil discovery in the Hibiscus North exploration well (DHBNM-1) in the Dussafu Block offshore Gabon. The well is located approximately 6 km north-northeast of the Hibiscus discovery well DHIBM-1 in approximately 115 metres of water depth. The company announced the spudding of the well on 28 July 2021. The well... Continue Reading →
Strohm has entered into a joint industry programme (JIP) with Petrobras and Shell for its thermoplastic composite pipe (TCP) flowline and riser technology. Described as game-changing, the four-year project aims to deploy Strohm’s TCP flowline and riser technology offshore Brazil by 2024. The JIP builds on earlier work performed in Brazil and commences this month. Strohm will develop, qualify and... Continue Reading →
(OE) Brazilian oil firm Enauta said Wednesday that its Atlanta field in the Santos Basin, offshore Brazil, had resumed full production following a recent pumping system failure. Enauta said Wednesday that all the wells tied to the early production system - the Petrojarl I FPSO - are operational following the completion of repairs of oil heaters.... Continue Reading →
