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,...
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...
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...
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 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,...
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...
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...
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 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...
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...