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Brazil Flags 14th Round Next Week
Brazil will hold its 14th Bidding Round on September 27 offering 287 blocks for oil and gas exploration and production in nine basins, said upstream regulator ANP September…
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Shell Signs Latest in Handful of Petrobras Partnerships
Shell last week signed a memo of understanding (MoU) with Brazilian state-controlled Petrobras to establish a long-term collaboration in developing deepwater oil and gas fields…
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Lossmaker Golar Enters Key FLNG Stage
Ship operator and projects developer Golar LNG remains loss-making as it enters the final months ahead of launch of its first floating liquefaction project, which will be…
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CGG Begins Brazil Seismic Survey
French geosciences group CGG said August 29 it has begun work on Espirito Santo IV, a large 3D multi-client survey in the deep and ultra-deep waters of the Espirito Santo basin…
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[NGW Magazine] Brazil pursues market liberalisation
This article is featured in NGW Magazine Volume 2, Issue 15 Petrobras must cut the amount of gas it buys from neighbouring Bolivia, as the government tries to open up the…
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Galp Boosts 2Q Upstream Earnings
Portugal’s Galp increased net profits in 2Q 2017 by half year on year to €99mn ($116mn), according to International Financial Reporting Standards. Pre-tax…
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Repsol Profits Soar on Higher Prices
Spanish producer Repsol announced second quarter net profits on July 27 up 79% year on year at €367mn ($430mn). Higher average realised prices helped its E&P…
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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…
