Tag Archive

US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola

US Boosts Oil Imports from Iraq, Nigeria, Brazil, Angola

May 7, 2019 No Comments

US refineries have upped their imports of Iraqi, Nigerian, Brazilian, and Angolan crude oil, with May volumes double that of April levels, data from Refinitiv Eikon showed on Monday. Oil imports from these countries to the United States spiked as oil supply from Iran and Venezuela dried up, and as reduced OPEC production made scarce heavy sour […]

Supreme Court Rules for Chevron

Supreme Court Rules for Chevron

April 16, 2019 No Comments

The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation (NYSE: CVX), rejecting the Republic of Ecuador’s attempts to annul decisions of an international arbitral tribunal in The Hague that ordered Ecuador to take all steps necessary to prevent enforcement of a $9.5 billion Ecuadorian judgment against Chevron anywhere in the world. […]

Karoon Energy Chairman Announces Company Strategy

Karoon Energy Chairman Announces Company Strategy

March 14, 2019 No Comments

Against the backdrop of a very strong balance sheet, the board has undertaken a review of the company’s strategy encompassing the evaluation of several future scenarios. The overriding principle in evaluating the strategic alternatives was based solely on potential shareholder returns. The major components of the strategic review included: a significant production acquisition; pursuing our […]

Emerson and Repsol to Form Strategic Alliance

Emerson and Repsol to Form Strategic Alliance

March 13, 2019 No Comments

Emerson (NYSE: EMR), and Repsol announced they have established a strategic alliance to deliver advanced subsurface geophysical technologies to significantly reduce the time to prospect and produce first oil. To achieve this critical industry goal, Emerson will work collaboratively with Repsol to implement and deploy advanced subsurface imaging technologies, with core technologies developed by Repsol […]

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

Pátria Investimentos, Shell and Mitsubishi Hitachi Power Systems (MHPS) announce thermoelectric partnership

February 28, 2019 No Comments

Pátria Investimentos, the Shell Group and Mitsubishi Hitachi Power Systems (MHPS) have announced the construction and operation of the Marlim Azul (Blue Marlin) gas-powered thermoelectric power plant in Macaé, Rio de Janeiro state in Brazil. The partnership includes construction of the power plant and the sale of its energy on both the regulated market, via […]

ExxonMobil adds 4.5 billion barrels to reserves

ExxonMobil adds 4.5 billion barrels to reserves

February 27, 2019 No Comments

Exxon Mobil Corporation said today it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. Higher prices and unconventional drilling drive proved reserves additions Reserves life at current production rates is 17 years Continuing success in exploration and strategic acquisitions in Guyana and Brazil […]

TechnipFMC and DOF Subsea  Commence Contract with Petrobras

TechnipFMC and DOF Subsea Commence Contract with Petrobras

February 19, 2019 No Comments

TechnipFMC (NYSE:FTI) and DOF Subsea (DOF) announce that the Skandi Olinda, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), has commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras). Skandi Olinda has state-of-the-art pipelay and marine technology. She has a 340-ton Vertical Lay […]

TechnipFMC Awarded EPCI Contract in Brazil

TechnipFMC Awarded EPCI Contract in Brazil

February 6, 2019 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded by Petrobras, on behalf of the Libra Consortium, comprised of Petrobras, Shell, Total, CNOOC Limited, CNPC and Pré-Sal Petróleo (PPSA), a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore […]

Shell starts deep-water production at Lula North in Brazil

Shell starts deep-water production at Lula North in Brazil

February 1, 2019 No Comments

Royal Dutch Shell plc, through its subsidiary Shell Brasil Petróleo Ltda. (“Shell”), today announces with consortium partners the start of production at the Lula North deep-water project in the Brazilian Santos Basin. Production at Lula North is processed by the P-67 floating production and storage offloading vessel (FPSO) and is operated by Petrobras. The production […]

Total and Petrobras Announce Progress in their Strategic Alliance

Total and Petrobras Announce Progress in their Strategic Alliance

December 21, 2018 No Comments

Total and Petrobras announced that they have achieved significant progress in the scope of their Strategic Alliance, signed in March 2017: The first concrete results of jointly implemented R&D projects. Examples of such work include in particular: – With regard to artificial intelligence: new automatic techniques to identify geological faults, leading to significant efficiency gains. […]

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