Chevron Makes Final Investment Decision on Papa Terra Project Offshore Brazil

Wednesday, January 27th, 2010

Deepwater Project is Chevron's Largest Investment in Brazil to Date Chevron Corporation (NYSE:CVX) announced today that its Brazilian subsidiary will proceed with the development of the Papa Terra project as the ...


Aker Solutions to supply subsea boosting systems to Petrobras

Tuesday, November 24th, 2009

Aker Solutions has signed a contract with Petrobras to supply eight subsea boosting systems (Mobo) and one ESDV (emergency valve) for the Jubarte field, located in the north of Campos ...


Oil News from around the web, Crude oil for September 2009 delivery traded at $66.61 a barrel on the New York Mercantile Exchange ;London Brent traded at $69.88 a barrel on London’s ICE Futures Europe exchange ; BG Group is pulling some funding out of Nigeria

Friday, July 31st, 2009

Oil major Royal Dutch Shell posted a 70% fall in second quarter net profit, as oil prices and refining margins tumbled, but gains in foreign exchange has helped the company ...


Aker Solutions enters Brazilian installation market

Wednesday, July 8th, 2009

Aker Solutions has signed a contract with Maersk FPSOs to perform the mooring installation work at the Peregrino field offshore Brazil. The contract is the first marine installation job for ...


Oil News from around the web, Oil prices gain ground at $53, Sonatrach earned over $10 billion

Wednesday, April 15th, 2009

)))))Oil prices gain ground at $53 Oil prices rebounded on Tuesday, supported by rising stock markets, upbeat results from US bank Goldman Sachs and hopes for a pick-up in world energy ...


VetcoGray to Supply Equipment for Massive OGX Drilling Campaign Offshore Brazil

Thursday, March 5th, 2009

Program Could Include up to 51 Wells and Significantly Increase Country’s Discoveries VetcoGray, a GE Oil & Gas business, has signed a four- year frame agreement with OGX Petroleo e Gas ...


BG Group announces completion of drilling on Iara well in Santos Basin, offshore Brazil

Thursday, September 11th, 2008

BG Group today announced the completion of drilling on the Iara well (1-BRSA-618-RJS) in the BM-S-11 concession in the deep water, pre-salt Santos Basin. The exploration well discovered 26-30 API ...