TN PETRÓLEO

ECONOMY

Petrobras starts refining oil from Tupi

07/03/2009

Petrobras started refining oil coming from the Santos Basin’s pre-salt layer, on June 30, at the Capuava Refinery (Recap), in São Paulo. This is a historical milestone for the global oil industry.Petrobras started refining oil coming from the Santos Basin’s pre-salt layer, on June 30, at the Capuava Refinery (Recap), in São Paulo. This is a historical milestone for the global oil industry.At 28.5o API and with low acidity levels and low sulfur content

Jurong Shipyard Secures Second Rig Order from SeaDragon - 07/03/2009

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a second SeaDragon rig order from Oban B Limited ("Oban B") to complete and deliver a Moss Maritime Full Dynamically Positioned (DP-3) Semi-submersible Drilling unit.

SBM Offshore Finalizes Project Loan, Offshore Projects - 07/03/2009

SBM Offshore, the Dutch marine construction and offshore company, finalized a $350 million Canadian project loan agreement and has delivered an offshore platform for Chevron Corp. in Brazil, it said Thursday.

OPEC Oil Price Eases to $69.26 - 07/03/2009

The basket price of the Organization of the Petroleum Exporting Countries (OPEC) eased to $69.26 Wednesday, the group said Thursday.

BP Taps Subsea 7 for Equipment EPIC at North Sea's Valhall - 07/03/2009

Subsea 7 has been awarded a contract from BP Norway, for engineering, procurement, installation and commissioning (EPIC) of the Valhall Flank Gas Lift Pipelines and Wellhead Platform Riser Caisson project in the Norwegian sector of the North Sea.

Spain's Repsol Says Several Cos Want Stake in Argentine Unit YPF - 07/03/2009

Spanish oil company Repsol said Thursday that it has received offers "of a different nature and from different companies" interested in acquiring a stake in its Argentine unit YPF.

Chevron Celebrates First Oil from Mafumeira Norte Off Angola - 07/03/2009

Chevron announced today that its subsidiary Cabinda Gulf Oil Company Limited (CABGOC) and its partners commenced crude oil production ahead of schedule from the Mafumeira Norte project located offshore Angola.

Petrobras and Baker Hughes sign a technological cooperation greement - 07/02/2009

Petrobras and American outfit Baker Hughes, an oil & gas industry equipment, service, and software provider, signed a cooperation agreement today (07/01) for well, reservoir, and oil lifting and offloading technology research and development focused on projects designed for the Brazilian pre-salt layer. The project portfolio the agreement outlines will result in the deployment, in 2010, of the Rio Technology Center (RTC), slated to be installed in the UFRJ’s Technological Park, at Ilha do Fundão.The agreement the companies signed is an important step in Brazil’s consolidation as a technology producer. Baker has already been operating in the Brazilian market for some 40 years and will now leverage its investments in the technology

Petrobras submits the best proposal for exploration in Uruguay - 07/02/2009

Petrobras participated today (07/01) in the Ronda Uruguay 2009, a bidding round held by the Government of Uruguay for oil and natural gas exploration and production in blocks located in the Uruguayan continental platform, in the sedimentary basins of Pelotas and Punta del Este, areas which are considered as new frontiers.

Double celebration for FenderCare - 07/02/2009

The FenderCare Marine Solutions Limited, manufacturer and supplier of quality products and services for the offshore industry throughout the world, celebrates in Brazil Offshore its 21 years and the opening of a new base in Macaé to attend Brazil and South America.