CAPEX
Sete is made for Brazil. Our history is just beginning. Sete Brasil Participações S.A. (Sete) was established in 2011 by Petrobras to meet the booming demand for drilling rigs in Brazil for the exploration and production of the pre-salt oil and gas fields. These pre-salt oil and gas fields are located: – Far offshore, between 200 and […]
Petrobras moves on Tupi and Franco FPSOs Topsides Petrobras is ready to open publicly the bids submitted for the topsides packages of the floating production, storage and offloading (FPSO) vessels called P-74 and P-75. In parallel, Petrobras is preparing the call for tender (CFT) for the tow following FPSOs, the so called, P-76 and P-77. All these […]
Delivering Organic Value Created in 1981 under the name of International Petroleum, the company became Lundin Petroleum (Lundin) as a result of the merger with the Sands Petroleum in 1997. Home-based in Stockholm, Sweden, Lundin is listed in Stockholm, Nasdaq and Toronto. Managed by the Lundin familly, Lundin is an independent company focusing on oil […]
OMV to replace RWE in Lundin’s Edvard Grieg project In October 2012, the Austrian-based OMV took over the 20% share held so far by the German RWE in the Edvard Grieg offshore project just after that Statoil had acquired 15% from Wintershall in the same project. Previously called Luna, the Edvard Grieg project is led […]
ExxonMobil steps in liquids-rich Montney shale acreage October 2012, ExxonMobil announced to acquire the Canadian company Celtic Exploration (Celtic) for the amount of $3.15 billion. ExxonMobil has already a strong presence in Canada since the 1940s in beginning with offshore exploration and production in Nova Scotia with the Sable project and in Newfoundland with Hibernia project. […]
In Business to Deliver Headquartered in Calgary, Alberta, Canada, and listed at the Toronto Stock Exchange and NYSE, TransCanada is a leader in energy infrastructures in North America. With more than 60 years of experience and 4,200 employees, TransCanada is active in two types of business, pipelines and energy. In midstream activities, TransCanada builds its […]
Majors work on alternatives to export North Slope gas In October 2012, the major companies operating in Alaska, ExxonMobil, ConocoPhillips, BP and TransCanada submitted to the Alaska administration their first report for an Alaska liquefied natural gas (LNG) export project. Estimated to cost $45 billion to $65 billion capital expenditure, Alaska LNG should be one of […]
Waha Oil partners to revive Sirte basin production Waha Oil Company’s partners ConocoPhillips, Marathon Oil, Hess Corporation and the local National Oil Company are preparing large exploration production program to revive the oil and gas production in Libya. Within the Sirte basin, the Waha concession covers 13 million acres and includes three major projects : […]
