TN PETRÓLEO

Norway

Rolls-Royce secures offshore vessel contract from Simek

05/17/2012

Rolls-Royce, the global power system company, has secured a £6 million contract to provide an integrated design, power & propulsion and equipment systems package for an offshore supply vessel to be built at Norwegian ship yard Simek AS for ship owner Atlantic Offshore.

Canada

Husky Opens New Lloydminster Facility - 05/17/2012

Husky Energy made three significant announcements in Lloydminster, Saskatchewan, which build on its 65 years of successful operations in the region. The new building is home to the Company's heavy oil operations and will act as a regional data center for Husky's facilities in the Lloydminster area. The 105,000 square-foot three-story office building is designed to accommodate 375 staff Building features include solar panels and a high-efficiency mechanical system to reduce energy consumption.

Oil & Gas

Drilling Commenced at Nostra Terra's 3rd Oklahoma Well - 05/17/2012

Nostra Terra announced that the third horizontal well in Oklahoma has been spudded. The first and second horizontal wells have finished drilling and are awaiting completion. The first horizontal well is within the Warrior Prospect and operated by Crown Energy Company. The drilling stage has finished according to plan and it is anticipated that completion will be underway within the coming weeks. NTOG has a 10 percent working interest in this prospect.

United States

Magnolia Petroleum to Ramp Production at US Plays - 05/17/2012

Magnolia Petroleum Plc announced its participation in three further wells in proven onshore oil plays in Oklahoma, as part of its expansion strategy to rapidly build production. Magnolia currently has interests in 74 producing properties. A positive update on four wells targeting the Mississippi Lime Formation, Oklahoma, is also provided.

Business

ABB wins $18 million order for subsea pipeline construction vessels - 05/17/2012

ABB recently won an order worth $18 million from Daewoo to supply energy efficient propulsion and electrical power systems for two new deep sea pipeline installation vessels that will build oil transport infrastructure off the coast of Brazil. The two identical vessels will be delivered in 2014.

Change

Petrobras cheges director of engineering in its Board - 05/16/2012

Petrobras announced yesterday (15) that its Board of Directors at a meeting held today, approved the appointment of current Chief Executive Officer, Jose Antonio de Figueiredo, to replace the current Director of Engineering Materials and Technology, who resigned the position for reasons personal.

Petrobras

Net income for the state exceeds $9 billion in the first quarter of 2012 - 05/16/2012

Petrobras announced yesterday (15) financial results for the first quarter of the year, it reported net income of R $ 9.214 billion, up 82% over the fourth quarter of last year, but 16% lower than the same period in 2011. The state justified the decline "due to lower foreign exchange gain on debt and reduced income from investments," which generated a loss of $ 1.6 billion.

East & South Africa

Fifth Tanzanian Gas Discovery for BG Group - 05/16/2012

UK-based energy giant BG Group announced Wednesday its fifth consecutive Tanzanian gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania.

People

ABS forms independent offshore technical committee - 05/16/2012

The successful first meeting of The Offshore Technical Committee of ABS confirms the value of more focused collaboration with the offshore industry.

Europe & Russia

Norwegian Oil and Gas Production Down in April - 05/16/2012

The Norwegian Petroleum Directorate has announced figures for oil and gas production for April 2012. On Wednesday, the NPD said that preliminary production figures for April 2012 indicate an average daily production of about 2,030,000 barrels of oil, NGL and condensate. This is 11,000 barrels less than for March 2012.