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Saudi Aramco revises plans to explore shale gas Since Saudi Arabia is struggling to increase its natural gas production to meet its fast growing demand, the national oil company Saudi Aramco investigate all potential sources of supply, onshore and offshore, conventional and unconventional. The consumption of natural gas in Saudi Arabia is increasing very fast because […]

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GE to power pre-salt semisubmersible drilling vessels The Brazilian national oil company Petroleo Brasileiro SA (Petrobras), Sete Brazil Participaçoes SA (Sete) and its contractor Keppel Fels do Brazil SA (Keppel) have selected GE’s Power Conversion electrical solutions to power and propel the first series of six semisubmersible drilling rigs. Petrobras is the operator imposing the key requirements […]

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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 […]

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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 […]

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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 […]

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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 […]

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