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(OE) ExxonMobil's Jabillo-1 offshore well in Guyana's Canje Block has reached the planned target depth, however, without finding evidence of commercial hydrocarbons, Exxon's partners in the block said Monday. The Jabillo-1, drilled by the Stena Carron drillship will now be plugged and abandoned. The Jabillo-1 well was drilled to test Upper Cretaceous reservoirs in... Continue Reading →
(Bloomberg) --Oil majors are gearing up to explore off the coast of Colombia, offering hope to a country struggling to reverse declines in reserves and output of its biggest export. Royal Dutch Shell Plc is planning to drill this year in the Caribbean, while Exxon Mobil Corp., Repsol SA and state-controlled Ecopetrol SA will follow... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser) for the sale of its total stakes in the exploratory blocks belonging to the PAR-T-175_R14, PAR-T-198_R12, and PAR-T-218_R12 Concessions, located onshore in the Paraná Basin. The teaser, which includes key information about the opportunity, as well as the eligibility criteria... Continue Reading →
(Reuters) - Brazil's government is weighing an immediate cut in taxes on company profits by 5 percentage points, and may double that to a 10-percentage-point reduction, Economy Minister Paulo Guedes said on Thursday. That would signal a far more aggressive stance from the government's tax reform bill delivered to Congress only last week, which envisages... Continue Reading →
(Reuters) - Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years. Large oil companies are unloading properties from Texas to California, with some using the market rally as a chance... Continue Reading →
(PetroNoticias) Sembcorp Marine, through its wholly-owned subsidiary Estaleiro Jurong Aracruz (EJA), won an Addendum to the Tupi BV Contract valued at approximately US$ 175 million for modification works to be completed on FPSO P-71. Originally designed for the Tupi field, the FPSO P-71 will undergo modifications and integration for deployment in the Itapu field. The... Continue Reading →
(PetroleoHoje) The contracting of the P-80, FPSO that will make up the 9th unit in Buzios, should only take place in 2022. Less than two months after releasing the bid notice for the acquisition of the new unit in the cluster field under the EPC regime, Petrobras has postponed the delivery date of the proposals... Continue Reading →
Oilfield services major Baker Hughes has announced the release of its 2020 Report on Corporate Responsibility which outlines its corporate strategy for a sustainable energy future. Baker Hughes said on Thursday that it supported the objectives of the Paris Climate Agreement, and it believes that the private sector has a crucial role to play in... Continue Reading →
(TNPetroleo) Eneva signs concession contracts for the assets acquired by the Company in the second cycle of the Permanent Offer of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), held on December 4, 2020, which include three onshore exploratory blocks in the Amazon Basin, the Juruá area in the Solimões Basin and 70%... Continue Reading →
NDT inspections specialist TSC Subsea has opened a new base in Rio de Janeiro as part of its plans to expand across Brazil and further into Latin America. TSC Subsea had so far supported Brazil remotely but decided to open a permanent base in response to increased operations. The company, which has bases in the UK... Continue Reading →
