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Posts Tagged ‘Petrobras’

Royal Dutch Shell sees Brazilian counterpart as natural partner

Dutch supermajor signed a memorandum of understanding to strengthen cooperation for deepwater activity.

Shell said a memorandum of understanding with a Brazilian company is symbolic of a true partnership for deep waters. Photo courtesy of Royal Dutch Shell.

By Daniel J. Graeber: Sept. 12, 2017

Sept. 12 (UPI) — Royal Dutch Shell said it formed a “true partnership of spirit” with a Brazilian company working in tough conditions in the country’s deep waters.

Shell said it signed a memorandum of understanding with Petroleo Brasileiro, the Brazilian company known also as Petrobras, meant to strengthen cooperation in deep waters.

“In true partnership spirit between two of the world’s largest energy companies, Shell will benefit from technical solutions, contract management expertise and cost efficient initiatives Petrobras applies to Brazil’s pre and post-salt projects,” Shell’s statement read. “Shell will share with Petrobras its global deep water experience, especially on cost efficiency efforts and use of technology.” read more

Shell and Petrobras sign technical cooperation agreement to strengthen deep water partnership

NEWS PROVIDED BY: Shell Oil CompanySep 11, 2017, 14:14 ET

RIO DE JANEIRO, Sept. 11, 2017 /PRNewswire/ — Royal Dutch Shell and Petrobras signed last week in The Hague, Netherlands, a Memorandum of Understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil.

In true partnership spirit between two of the world’s largest energy companies, Shell will benefit from technical solutions, contract management expertise and cost efficient initiatives Petrobras applies to Brazil’s pre and post-salt projects. Shell will share with Petrobras its global deep water experience, especially on cost efficiency efforts and use of technology. read more

Shell to Pay $280 Million for Share of Brazilian Off-Shore Drilling Rights

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In what CEO Peter Voser refers to as “one of the largest deep water oil accumulations in the world,” Royal Dutch Shell (NYSE: RDS-A & RDS-B), along with four other oil producers, will pay $280 Million for a 35-year contract to begin drilling in the Libra discovery in the Santos Basin, located about 105 miles off the Brazilian coast of Rio de Janeiro, Shell announced today.

According to Shell’s statement, Brazil’s governmental oil regulator estimates the Libra find has between 8 billion and 12 billion barrels of “recoverable resources.” read more

TPAO has reached an agreement with Royal Dutch Shell to explore for oil and gas off of Turkey’s Mediterranean coast

Balkan Business News Correspondent – 21.11.2011

Turkey’s state-owned oil company, Turkish Petroleum Corporation (TPAO), has reached an agreement with Royal Dutch Shell to explore for oil and gas off of Turkey’s Mediterranean coast.

The deal between TPAO and the Dutch oil giant covers drilling in the maritime zones off of Turkey’s southern province of Antalya. Shell will undertake the transfer of the drilling rig and financing of the production from possible findings in the zone’s 2,500-meter deep seabed. Exploratory drillings in deep waters cost around USD 300 million. read more

Shell to boost investment in Brazil

Royal Dutch Shell is to boost its investment in Brazil by billions of dollars after surpassing its forecasts for oil production in the country last year.

An oil rig being refurbished in Guanabara bay, Brazil. Photo: ALAMY Robin Yapp

By Robin Yapp, Sao Paulo 6:54PM GMT 14 Feb 2011

The Anglo-Dutch company will drill ten new wells in the next 18 months, seven of them in the Campos Basin, around 60 miles off the coast of Espirito Santo state.

Estimates in Brazil suggested Shell will invest around $2.5bn (£1.57bn) in the next wave of drilling but the company did not confirm the figure.

Andre Araujo, the president of Shell Brazil, said: “I can only say that it will be billions of dollars.”

Shell is currently the biggest private producer of crude oil in Brazil, second only to the state-backed Petrobras. read more

Shell International Upstream To Power Growth

INVESTOPEDIA

Posted: Apr 02, 2010 15:34 PM by Eric Fox

Royal Dutch Shell (NYSE: RDS.A, RDS.B) will utilize its large portfolio of international upstream projects to grow production, reaching 3.5 million barrels of oil equivalent per day (BOE/D) by 2012. This 11% production growth will be powered by the startup of large projects in its international portfolio, including ones in Qatar and the Canadian oil sands.

These and other international projects initiated by Royal Dutch Shell will add about 600,000 BOE/D to its production base over the next three to four years. read more

Shell – First million barrels of oil from ultra-deep water off Brazil

Shell is the operator with a 50% share with partners Petroleo Brasileiro (Petrobras) holding 35% and India’s ONGC Campos Ltda. 15%.

Petrobras Goes From First to Worst Among 10 Biggest Oil Stocks

Exxon Mobil, based in Irving, Texas, remains the world's largest company by market value. It trades at about 8.5 times estimated earnings. Houston-based ConocoPhillips and San Ramon, California-based Chevron Corp., as well as Royal Dutch Shell Plc, in The Hague, and London-based BP Plc have ratios between 4.5 and 6.5.

Oil prices rally on Hurricane Dolly alert

Royal Dutch Shell, whose offshore platforms are to the west of the Gulf, near Texas, began evacuating workers back to the mainland as a safety precaution. On Sunday, it removed 125 people from its platforms, and said that it planned to evacuate another 60 today, but reassured the market that production was not affected.

Brazil oil workers start strike, halting most output

Royal Dutch Shell, Repsol-YPF and Devon Energy Corp are already pumping crude in Brazil. Dozens of other companies are looking for oil in Latin America's largest country.

“This oil is ours, it belongs to the people, not Petrobras or Shell…”

July 9 (Bloomberg) -- Brazilian PresidentLuiz Inacio Lula da Silva may boost the government's stake in oil fields after the largest discovery in the Americas since 1976 prompted a review of rules for how petroleum deposits are developed.

New regime sought by big hitter

When news first broke late last year of the discovery of potentially massive deposits of oil and natural gas off the Brazilian coast, Dilma Rousseff, chief of staff to President Luiz Inácio Lula da Silva and a former energy minister, predicted Brazil would soon become "a new Saudi Arabia"

Oil explorers find new fields to conquer

Companies are also dipping into “unconventional” hydrocarbon deposits — the sticky mountains of tar sands in Alberta, Canada and on the banks of Venezuela’s Orinoco river, the “tight sands” gas reserves of western Australia, and the methane trapped in long-disused European coal mines.

The World Is Upside Down

At the annual National Forum, a gathering of business leaders, I felt like a first-world pipsqueak as leaders of the national energy company Petrobras (bigger than BP, Shell and Total) and Companhia Vale do Rio Doce, or C.V.R.D. (the world’s second largest mining company), reeled off head-turning statistics.

Shell To Start Output At Brazil BC-10 Oil Block In 2009-Valor

RIO DE JANEIRO -(Dow Jones)- Royal Dutch Shell PLC (RDSA) next year will start producing from heavy oil fields in the BC-10 block in Brazil's Campos Basin, the Valor newspaper said Thursday.

Time for big oil to explore places it would rather avoid

Rising costs and taxes, and limited access to new supplies help explain why BP and Shell have performed so badly and underperformed US peers ExxonMobil and Chevron. But other factors have been at work, such as the fatal accident at BP's Texas City oil refinery and the reserve misreporting scandal at Shell.