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Oil major ExxonMobil has made a new discovery at Longtail-3 well located in the Stabroek Block offshore Guyana, using the Stena DrillMAX drillship. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 discovery intervals, according to ExxonMobil’s statement on Wednesday. The well is... Continue Reading →
Petroleum Geo-Services (PGS) has revitalized 3D data over the Bauna field in southwest Santos Basin and its surrounding area offshore Brazil. This preprocessed dataset is now available for evaluation of blocks for Brazil’s upcoming Permanent Offer Round. The data rejuvenation of legacy survey BM-S-40 started from field tapes and applied the latest workflow for data... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media about the divestment of the Routes 1, 2 and 3 gas pipelines, clarifies that it is untrue that the company has defined the sales model for these assets and the percentages to be sold. Petrobras, as part of its active portfolio... Continue Reading →
Norway's Aker Solutions has signed "a large" framework agreement with Petrobras to provide subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The agreement has a fixed period of three years and includes an option to extend the contract for two additional years. Aker Solutions defines a large contract as being between NOK... Continue Reading →
Wind power could make it possible to produce hydrogen without emitting greenhouse gases as cheaply as is currently feasible with fossil fuel energy by 2030, turbine maker Siemens Gamesa said in a white paper released on Wednesday. Policymakers see green hydrogen, which is made with renewable power without emitting carbon, as a vital tool to... Continue Reading →
Malaysian FPSO specialist Yinson has been selected by TotalEnergies, to conduct preliminary Front-End Engineering Design (“pre-FEED”) for two FPSOs to be installed in Block 20/21 in Angola and Block 58 in Suriname. The Angola project FPSO is planned to be installed at a water depth of around 1400 meters, some 160 kilometers offshore Luanda. The... Continue Reading →
(Reuters) Royal Dutch Shell (RDSa.L) will seek ways to accelerate its energy transition strategy and deepencarbon emission cuts following a landmark Dutch court ruling last month, CEO Ben van Beurden said on Wednesday, a move that will likely lead to a dramatic shrinking of its oil and gas business. Shell plans to appeal the May 26 court... Continue Reading →
(Bloomberg) --Oil broke through a months-long trading range as expectations of tightening supplies in the U.S. compounded signs the world’s largest oil-consuming country is in the midst of a robust recovery. West Texas Intermediate futures surpassed the $70 mark to close at its highest since Oct. 2018 after briefly touching the key psychological level earlier... Continue Reading →
Schlumberger's OneSubsea has ordered a turnkey package from Siemens Energy for the Bacalhau field development project in the Pre-salt region of the Santos Basin. The Bacalhau oilfield, operated by Equinor, is located approximately 115 miles (185 kilometers) off Sao Paulo, Brazil, at a water depth of 6,726 feet (2,050 meters). Equinor sanctioned the field development,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media, reaffirms that its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2021-2025. There is still no definition or decision about the sale model, as already released. The company... Continue Reading →
