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Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on November 17, 2020, informs the beginning of the binding phase regarding the sale of all of its stakes in the Albacora and Albacora Leste concessions, located predominantly in deep waters in the Campos Basin. Potential buyers qualified for this phase will receive a... Continue Reading →
(Reuters) - Petroleos Mexicanos (Pemex) would consider having a consortium headed by U.S. company Talos Energy operate a shared oil field in southern Mexico, the chief executive officer of the Mexican state oil firm said. Discovered in 2017 in shallow waters of the Gulf of Mexico off Tabasco state, the Zama oil field is believed... Continue Reading →
Australian firm BHP, working to develop the deepwater Trion oil field offshore Mexico, has selected the offshore engineering firm DORIS to continue into the next phase of Trion’s engineering work, related to subsea umbilicals risers and flowlines. DORIS has previously completed the pre-DEED scope, and will now work on Front End Engineering and Design (FEED)... Continue Reading →
Offshore drilling contractor Vantage Drilling has received court approval for a previously proposed deal which entails Vantage managing some of the rigs owned by Seadrill Partners. Vantage said Friday it had has entered into a Framework Agreement and related Management and Marketing Agreements with Seadrill Partners LLC (“Seadrill Partners”) under which Vantage’s subsidiaries will provide operating, management... Continue Reading →
Offshore and subsea services company James Fisher on Monday launched a renewables business James Fisher Renewables, which sees consolidation of the group’s capabilities into what James Fisher said was "a comprehensive solutions provider." "Bringing together capabilities from across the group, JF Renewables will offer services through the project lifecycle including site preparation, UXO EOD, noise attenuation,... Continue Reading →
– Baker Hughes, an energy technology company, has reached a significant technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments. The inspection, verification and assurance body, Lloyd’s Register, issued Baker Hughes a design appraisal document... Continue Reading →
India's Mangalore Refinery and Petrochemicals Ltd has bought its first-ever cargo of Brazilian Tupi crude oil in a tender, two industry sources said on Monday. The 1-million-barrel cargo was sold by Royal Dutch Shell for May delivery, he added. The price was not immediately known. The purchase comes after Indian state refiners had planned to... Continue Reading →
(Reuters) - Mexico is looking to renegotiate some of its hundreds of millions of dollars-worth of contracts with Vitol SA after the global energy trader acknowledged paying kickbacks to win business with state oil company Pemex, Reuters has learned. The dispute in Mexico, the world’s fourth-largest importer of refined oil products, is part of the... Continue Reading →
The board of the National Petroleum Agency (ANP) approved phase 1 of the Development Plan (PD) of the shared deposit of the Bacalhau and Bacalhau Norte fields, in the Santos Basin. The operator of the area, the Norwegian Equinor, forecasts about US$ 8.5 billion in investments in this stage of the undertaking, with the expectation... Continue Reading →
Equinor, together with license partners Repsol Sinopec and Petrobras, has approved the development concept for BM-C-33, a gas/condensate field located in the Campos Basin pre-salt in Brazil. Equinor is the operator of the block with a 35 per cent interest with Repsol Sinopec and Petrobras as partners with 35 per cent and 30 per cent... Continue Reading →
