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Petrobras

Oil & Gas and Petrochemical market has grown up by 30% in 2017 in respect with the number of projects sanctioned for execution with EPC contracts. This number confirms our last year forecast and gives credit to our estimation of 20% to 35% growth for 2018. This market upturn is driven by a market shift from the IOCs to the NOCs and Independent companies, representing both nearly 80% of the capital expenditure as operator on the next five years. As a results the projects get smaller and run on fast-track requiring more agility from the sales organizations for detection and capture.

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Waste Management to monetize waste biogas into GTL Ventech Engineering International LLC (Ventech), Velocys plc (Velocys), Waste Management Inc. (Waste Management) and NRG Energy Inc. (NRG) formed a joint venture to develop and promote  gas-to-liquids (GTL) small-scale production units to monetize biogas and natural gas. These four companies are bringing together their respective expertise to take the […]

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QGPE called for two tenders in view of Atlanta FPSO The development of the Block BS-4 is now moving forward with the call for tenders issued by Quieroz Galvao Exploration and Production (QGEP) for two floating production storage and offloading (FPSO) vessels in view of the Atlanta heavy crude oil project in the Santos Basin […]

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Sete Brasil secured financing for nine first drilling ships Sete Brasil Participacoes SA (Sete Brasil) secured $3.7 billion loan to finance the first series of nine drilling rigs out of its $20 billion capital expenditure program for the construction of 29 rigs required by Petroleo Brasileiro (Petrobras) to develop the pre-salt crude oil in the […]

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Giant Pao de Acucar in Block BM-C-33 reaches FEED The giant discovery Pao de Acucar and its adjacent fields, Seat and Gavea, are reaching the front end engineering and design (FEED) stage to develop the prolific Block BM-C-33 pre-salt in the ultra deep water of the Campos Basin offshore Macae, in the State of Rio de […]

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