Brazilian state-run oil firm Petrobras has begun a long-term test in the Forno area in the Albacora Field in the presalt region of the Campos Basin, the company said in a securities filing May 17.
The testing, started May 16 and being carried out in the well about 120 kilometers off the coast of Rio de Janeiro, aims to assess the “reservoir’s production and characteristics of its oil,” Petrobras said in a statement.
In conjunction with Greenlee’s retirement, Linda DuCharme was appointed as his successor while also retaining her current position as president of ExxonMobil Upstream Integrated Solutions Co.
Hedge fund Angelo Gordon & Co. LP aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter.
Throughout his 50-year career in the oil and gas industry, David L. Bole was best known as a tireless networker and business builder.