Norway’s Equinor awarded oil services firms Baker Hughes, Halliburton and Schlumberger $455 million worth of drilling and well service contracts at its Bacalhau project off Brazil, the company said on Nov. 10.
“Brazil is a core area for Equinor, and Bacalhau is an important asset in the Brazilian pre-salt Santos area. Together with our partners, we are currently maturing the project towards a final investment decision (FID) which is planned in 2021,” the company said in a statement.
Bacalhau, discovered in 2012 by Petrobras about 185 km (115 miles) off the coast of Sao Paulo state, is expected to start production in 2024, with an initial production capacity of 220,000 barrels of oil per day, it said.
Equinor operates the discovery, formerly called Carcara, and has a 40% stake, while its partners ExxonMobil and Petrogal, the Brazilian unit of Portugal’s Galp, have 40% and 20% stakes, respectively.
2022-05-19 - The Matterhorn Express Pipeline is designed to transport up to 2.5 billion cubic feet of natural gas per day.
2022-05-19 - Freeport said it has not started to build Train 4 "due in large part to delays" stemming from the COVID-19 pandemic.
2022-05-23 - “Russia’s aggression against Ukraine has confirmed the accuracy of the Polish government’s determination to become completely independent from Russian gas,” Polish Climate Minister Anna Moskwa said.
2022-05-12 - Moscow’s sanctions came just a day after Ukraine halted a gas transit route, blaming interference by occupying Russian forces, the first time exports via Ukraine have been disrupted since the invasion.
2022-05-06 - The EU will modify its strategy for embargoing Russian oil imports to accommodate Hungary, Slovakia and the Czech Republic, who were worried about the embargo's impact on their economies.