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TechnipFMC awarded a master services agreement in Brazil

TechnipFMC awarded a master services agreement in Brazil

July 17, 2018 No Comments

TechnipFMC (Paris:FTI) (NYSE:FTI) has been awarded by Petróleo Brasileiro S.A. (Petrobras) a 3-year master services agreement in Brazil, with a 2-year renewal option. This contract for subsea services covers components for both the subsea equipment and flexible pipelines. The scope of work includes maintenance services, technical assistance, inspection and end-fitting re-termination(1) of flexible pipes and […]

Equinor aligns partnership in Brazil’s Carcará area

Equinor aligns partnership in Brazil’s Carcará area

July 4, 2018 No Comments

Equinor and Barra Energia (“Barra”) have signed an agreement for Equinor to acquire Barra’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin. This transaction will enable Equinor and its partners to fully align interests across the two licences for the Carcará area. In early June Equinor, ExxonMobil and Galp completed transactions in BM-S-8 […]

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Uncertainty Looms Large Over Latin American Oil

Uncertainty Looms Large Over Latin American Oil

June 21, 2018 No Comments

While oil industry analysts and market participants are watching Venezuela closely for clues about how low its oil production will go, several other countries in Latin America are holding key elections this year, elections that will no doubt shape the countries’ short and medium-term oil policies. These developments could spell trouble for oil supply and […]

Equinor completes acquisition of 25% interest in Roncador oil field

Equinor completes acquisition of 25% interest in Roncador oil field

June 15, 2018 No Comments

Equinor and Petrobras have completed their transaction announced in December 2017, whereby Equinor has acquired a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin. This follows all transaction conditions being met, including government and regulator approval. Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit […]

TechnipFMC and DOF Subsea Announce the Delivery of Skandi Recife

TechnipFMC and DOF Subsea Announce the Delivery of Skandi Recife

June 14, 2018 No Comments

TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) and DOF Subsea (DOF) announce that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras). The vessel will work in the Campos, Santos and Espírito Santo […]

Brazil’s 4th Pre-Salt Bid Round

Brazil’s 4th Pre-Salt Bid Round

June 8, 2018 No Comments

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round. The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to more than 2.2 million net acres. “Uirapuru […]

Equinor deepens position in Brazil

Equinor deepens position in Brazil

June 7, 2018 No Comments

Equinor has expanded its portfolio in Brazil’s prolific Campos and Santos basins after winning the Uirapuru and Dois Irmãos blocks in the 4th Production Sharing Bidding Round in Brazil. Equinor, ExxonMobil and Petrogal Brasil presented the winning bid (75.49% profit oil) for the Uirapuru production sharing contract in the Santos basin. Petrobras exercised its right […]

ExxonMobil Completes Purchase of Carcara Oil Field Interest

ExxonMobil Completes Purchase of Carcara Oil Field Interest

June 6, 2018 No Comments

ExxonMobil said today it has completed the purchase of half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field. “The Carcara oil field is an excellent example of the quality resources to be found offshore Brazil,” said Brad Corson, president of ExxonMobil Upstream Ventures. “We’ll […]

Petrobras Reports best quarterly result of the last five years

Petrobras Reports best quarterly result of the last five years

May 11, 2018 No Comments

Petrobras reported a net profit of R$ 6.96 billion in the first quarter of 2018, the best quarterly result since the beginning of 2013, when the company had earned R$ 7.69 billion, and ended the quarter with positive results in its safety metric. “We are following exactly what we promised in our business plan announced […]

Start of the binding phase for Piranema and Piranema Sul fields

Start of the binding phase for Piranema and Piranema Sul fields

April 24, 2018 No Comments

Petrobras, further to the Material Fact disclosed on 03/09/2018, informs the start of the binding phase regarding the sale of its entire stake in Piranema and Piranema Sul fields. At this stage of the project, the invitation letters are issued to potential buyers qualified in the previous phase, with the instructions about the divestment process, […]

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