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BP Wins Eight Deepwater Exploration Blocks in Brazil Round 11

BP and partners Total, Petrobras and Petrogal were yesterday named winning bidders for eight deepwater blocks offshore Brazil in the Brazilian National Petroleum 11th bid round. BP will be operator in two of the blocks. The companies have committed to explore concession blocks FZA-M-57, FZA-M-59, FZA-M-86, FZA-M-88, FZA-M-125, and FAZ-M-127 in the Foz do Amazonas basin, BAR-M-346 in the Barreirinhas basin, and POT-M-764 in the Potiguar bas...

Oil and Gas - May 21, 2013

Namibia finds oil for first time

The Namibian government and a Brazilian energy firm on Tuesday announced the first discovery of oil off the coast of Namibia, although not in commercial volumes. Reporting findings from an exploratory well in the Walvis Basin off the southwest African country's central coast, Rio de Janeiro-based HRT said there were promising signs. The company discovered "two well-developed source rocks" and "several thin-bedded san...

Oil and Gas - May 21, 2013

The Marpol Marine auxiliary systems market to be worth $1.8BN in 2013

Our analysis indicates that the MARPOL Marine Auxiliary System Market will reach a value of $1.8bn in 2013. Ship owners are taking interest and the number of vendors and investors are increasing considerably in this market. W We have listed 87 companies and profiled 7 of these. Although MARPOL regulations have been in place for years and some of them will change in the decade from 2013-2023, they have never been quantified to understand their ...

Oil and Gas - May 21, 2013