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Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area with a US$8-billion investment in phase one
Premium Content The 2 Nations Driving The Recovery In Offshore Oil By Tsvetana Paraskova - Apr 01, 2021, 4:00 PM CDT Offshore oil and gas drilling is set for a rebound this year following a major 2020 pullback when exploration and production companies deferred many activities due to the pandemic and the collapse in oil prices. Lower lifting and breakeven costs at the most prolific offshore oil regions off Brazil and Guyana are setting the stage for a rebound in offshore drilling in South America, which will be one of the main growth drivers of global offshore activity this year, an...
Premium Content Why Petrobras Is One Of 2021’s Most Exciting Oil Companies By Matthew Smith - Jan 12, 2021, 4:00 PM CST Sharply weaker oil prices and the global COIVD-19 pandemic had little material impact on Brazil’s massive offshore oil boom. Even the fact that the oil rich Latin American country is among the countries most severely impacted by the pandemic, with Brazil ranked second for cumulative deaths and third by cases globally, has done little to impede its rapidly growing oil production. Brazil’s national oil company Petrobras last week announced record 2020 hydrocar...
About rules of engagement and how it affects what? >> gretchen, that night when aaron and the 29 other americans died, they came in to that zone with no pre-salt -- preassault fire. let me explain. in every cop movie what do policemen scream when he goes into a hot zone? cover me. they weren't allowed that benefit and i want to know why. they say in our documentation preassault fire, one in a million chance you get a chance for that. we asked them why and they said it damages the hearts and minds of the afghani. that is not acceptable. we were told along those same things, rules of engagement,...