Japanese trading house Sumitomo is partnering Malaysian offshore oil services firm Yinson in owning and chartering a floating production, storage and offloading ( FPSO ) vessel for state-controlled Petrobras' Marlim II project in Brazil.
News ID: 9277 Publish Date : 2020/04/30
Brazil's state-controlled Petrobras plans to spend around $18bn over the next five years to develop the giant Buzios pre-salt field, the biggest single investment under the company's $75.7bn 2020-24 business plan.
News ID: 7782 Publish Date : 2019/12/04
Royal Dutch Shell plc, through its subsidiary Shell Brasil Petroleo Ltda. and consortium partners have announced the start of production at the Lula North deepwater project in the Brazilian Santos Basin.
News ID: 3541 Publish Date : 2019/02/04
The start-up of Nigeria's biggest new oil development since 2012 should underpin an output boost for west Africa's largest oil producer this year, but breaking a log jam on deepwater investment decisions will require a clearer political outlook.
News ID: 3189 Publish Date : 2019/01/07
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