Global Industries Awarded US$ 70 Million Project in Brazil

Global Industries, Ltd. announced that its Brazil Business Unit has signed a contract with Petroleo Brasileiro S.A. (Petrobras) for diving, ROV and construction services to be performed offshore Brazil, in the areas of Campos, Santos and Espirito Santo basins. The 180-day contract is valued at approximately US$ 70 million and has an option for an extension of up to six additional months. John Clerico,... 

Tag: top industries in brazil, global industries petrobras september 2009, global industries petrobras 180 day contract, top brazilian industries, ram energy osage concession

Talon Metals Granted Rights to New Potash Exploration Licences

Talon Metals Corp., announce the granting of two new exploration licences for potash and to provide an update on the Sergipe Potash Project located in Sergipe State, Brazil. In a news release dated May 25, 2009, the Company announced the acquisition of the Sergipe Potash Project and immediately commenced a detailed review of the available technical data. Subsequently, Talon submitted an application... 

Tag: talon exploration, potash well, brazil potash exploration, historical data for schaft creek drill, new exploration and mining companies

Ecopetrol and Anadarko Signed an Agreement to Undertake Oil Exploratory Activities in Brazil

Ecopetrol S.A., through its Brazilian subsidiary, Ecopetrol Oil Gas do Brasil Ltda., signed a Participation Agreement with Anadarko’s subsidiary, Anadarko Exploracao e Producao de Petroleo e Gas Natural Ltda. Through this agreement, Ecopetrol Oil Gas do Brasil Ltda. will have a 50% participation in the BMC-29 Concession in Brazil. The BMC-29 Concession is an offshore concession located in the... 

Tag: eagle ford shale zavala, company analysis ritcie, swot analysis of ritchie brothers auction company, eagle ford shale map, uranium in zavala county

El Paso Corporation Announces Tot Discovery

El Paso Corporation announced that the Tot exploration well, 1-ESS-185D, located in the ES-5 block offshore Brazil, is a discovery. Through its Brazilian E&P subsidiary, El Paso has a 35 percent working interest in the Petrobras-operated well. The well is located 30 kilometers offshore in 61 meters of water, and was drilled to a total vertical depth of 4,521 meters. Preliminary evaluation of logs... 

Technip Awarded Contract for the Charter of a Pipelay Vessel

Technip has been awarded by Petrobras a daily-rate contract (worth more than US$ 100 million) for a two-year charter of the Normand Progress, a vessel specializing in flexible pipeline installation. The contract includes engineering and support services, as well as an additional two-year option. The Normand Progress will be used for the installation and retrieval of flexible pipelines offshore Brazil,... 

Rich Minerals Corporation Announces President for Brazilian Operations

The Company is pleased to announce the appointment of Juliano Magalhaes Macedo, Ph.D as president of our wholly owned subsidiary, RMC Exploracao Petrolifera Ltda., in Brazil. Dr. Macedo holds a Ph.D in Structural Geology and Tectonics, University of Illinois, USA and both M.Sc. Structural Geology and a B.Sc. Engineering Geology, Escola de Minas, UFOP, Brazil. Before starting his own consulting company... 

Tag: conocophillips approved

Petrobras Proposal on a wait for Union Vote

As the most influential company in Brazil, which obviously the biggest in the country since it is state owed company. The company is called Petrloeo Brasileiro or well-known as Petrobras. Currently the union is to vote on Petrobras proposal. Striking platform workers will vote Friday whether to accept the latest proposal from Brazilian state-run energy giant Petroleo Brasileiro, or Petrobras, a spokeswoman... 

What are the Energy Deals of the Day?

The answer to the title question is that the best deal in the sector of energy today is the one which is undone. However it does nor necessarily mean that the Transocean shereholders has nothing to proud of. The company has just scored fresh contract of four from Petrobras. Generally every single contract of Offshore drilling stretches from five to six years with the total of 22 rig years. So in total,... 

Wachovia: Petrobras in Rig Contract with Transocean

Wachovia Capital Markets analyst Tim Curran says in a note to investors that Transocean will lease-purchase and manage a newbuild drillship that Brazil’s Petrobras is building to use for projects offshore the West African nations of Angola and Nigeria. Curran says Transocean will run the drillship under a 10-year contract, with an option for a 10-year extension. Transocean will buy the unit for... 

Petrobras Finds More Offshore Oil

Brazil’s Petrobras says that a second well in an offshore Santos Basin block confirms the presence of light oil. Petrobras says the well found another reserve of light oil near the previously announced Carioca discovery. The discovery came in the ultra-deep waters almost 200 miles off the coast of Sao Paulo state. The find was made more than three miles down. Petrobras is lead operator of the...