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INTERNATIONAL
03/10/2010 - Petrobras' CEO participates in CERAWeek 2010Petrobras’ CEO, José Sergio Gabrielli de Azevedo, made a special address during CERAWeek on Tuesday, March 9, 2010, in Houston, Texas. The conference, themed “Energy: Building a New Future,” focuses on providing insight on critical opportunities and challenges facing the global energy industry.
Petrobras will inaugurate the Euzébio Rocha Thermoelectric Plant (TEP) Wednesday (03/10), a part of the Growth Acceleration Program (GAP)
Houston American Energy Corp., a small energy company focused on Colombia, may soon reap big rewards from its well-established presence in that country.
The RWE Group and the State Oil Company of the Republic of Azerbaijan (SOCAR) have signed a memorandum of understanding to draw up an agreement for the hydrocarbon exploration and development for the Nakhichevan structure in the Azerbaijan sector of the Caspian Sea. The signing of the memorandum of understanding took place today in Baku.
TGS confirmed the continuation of its multi-client 2D seismic acquisition program in offshore Indonesia. An additional 7,300 kilometers of 2D seismic data is now being acquired in three areas along the Sundaland Margin; including offshore South Java, West Sumatra and Northwest Sumatra, Indonesia.
China's Cnooc Ltd. and French oil major Total SA are each expected to acquire a third of Tullow Oil PLC's oil assets in Uganda, Tullow said in a statement Wednesday.
Statoil has increased its working interest in the Union-operated St. Malo development to 21.5% by exercising its preferential rights on a proposed sale of Devon's share in the development. Union is a subsidiary of Chevron.
Schlumberger has acquired Nexus Geosciences, Inc., a Houston-based provider of integrated seismic software and services for rapid imaging, modeling and interpretation. The group will become part of the WesternGeco business unit.
ECONOMY
03/09/2010 - Petrobras signs contracts for the implementation of the Rio de Janeiro Petrochemical Complex (ComperThis Monday (03/08), Petrobras signed four contracts for the implementation of the Rio de Janeiro Petrochemical Complex (Comperj) in Itaboraí (state of Rio de Janeiro). The agreements are for the construction of the Complex's Atmospheric Vacuum Distillation and Catalytic Hydrocracking units.
FMC Technologies has signed an agreement with Statoil ASA for the manufacture and supply of subsea production equipment to support the Marulk field.