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CGG Awarded Petrobras Seismic Processing Job
French geosciences group CGG said July 19 it has been awarded a contract by Petrobras to process the seismic data from a 3D Ocean Bottom Node (OBN) survey covering a…
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Statoil Boosts Brazilian Licence
Norwegian Statoil is to buy Brazilian E&P firm Queiroz Galvao Exploracao e Producao's 10% interest in the BM-S-8 licence in Brazil’s pre-salt Santos basin for $…
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Petrobras, CNPC Sign MoU
Brazil's state oil company Petrobras and China National Petroleum Corp have signed a memorandum of understanding to structure a strategic partnership. The two companies…
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DEA to Expand in Brazil
DEA, the Hamburg-based E&P firm owned by Russia-backed Luxembourg-based fund LetterOne, has opened up in Brazil. It already founded a subsidiary there in 2013, but followed…
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Shell Starts New Production off Brazil
Shell and partners have started deep-water production at FPSO P-66 in Lula South, in the Brazilian pre-salt of the Santos Basin, the Anglo-Dutch major said May 26. Shell…
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Statoil 1Q Profits up 74%, as Polarled Passes to Gassco
Norway’s Statoil posted May 4 net 1Q income of $1.06bn, 74% higher year on year, marking a big improvement from its $2.79bn loss posted in 4Q 2016. It also handed over…
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Repsol 1Q Profits Rebound
Spanish integrated oil and gas firm Repsol’s 1Q net income of €689mn, a 59% increase year on year and ahead of some analyst expectations. Pre-tax earnings (Ebitda)…
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Galp Output, Gas Sales Up in 1Q
In a trading update ahead of its results on May 2, Portugal’s Galp Energia said April 18 its worldwide 1Q2017 upstream production grew by over half while its gas sales were…
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Chariot Books 2016 Loss, But Advances Strategy
UK-based explorer Chariot Oil & Gas reported March 15 a net loss after tax of $5.64mn in 2016, only slightly down on its 2015 loss of $7.1mn, but said it built a solid…
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Premier Takes 2016 Hit, But E.ON Assets Do Well
UK independent Premier Oil is pleased how its $120mn acquisition last year from E.ON of UK North Sea assets has progressed, but booked an impairment charge of $652.2mn on its own…
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EDP Fires up its CCGTs in 4Q
Portuguese utility EDP significantly increased gas-fired generation last year in Spain and Portugal, according to 2016 results released late March 2. Output from its gas-fired…
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Total, Petrobras Define Fields for Strategic Mix
Brazil's state oil company Petrobras and French Total have now named the Brazilian assets that Total is to acquire in the strategic alliance of December 2016, after signing…
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DW Monday: Not Content With Local Content
Brazil and Tanzania are two countries at very different stages of oil and gas development – Brazil is a well-established powerhouse, reeling from a recent corruption scandal,…
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Galp Quiet about Coral FID Delay
Galp finance chief Filipe Silva told analysts at the Portuguese oil and gas producer’s capital markets day this week in London that Galp's board two months ago gave its…
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Statoil Cost-Cutting Limits Losses
Norwegian major Statoil lost $2.785bn in 4Q 2016, despite a 2% increase in production (2.096mn barrels of oil equivalent/d) and a 14% increase in the liquids price compared with…
