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Tricon Expands Global Licenses for Paradigm Software Solutions

Seismic services firm adds EarthStudy 360 full-azimuth imaging solution to enhance the interpretation value of seismic images

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Rock Property knowledgebase Ikon MetaStore™ available

Ikon Science, the global GeoPrediction company, announced today the commercial availability for licensing of the new Ikon MetaStore™ knowledgebase.

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Argentina province pitches shale acreage

Officials from the Argentina province of Mendoza made their debut roadshow in Houston this week to pitch eight Neuquen basin blocks that could offer unconventional potential in the Vaca Muerta shale.

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CGG sinks to a loss

French geoscience company CGG sank to a loss in 2013 as impairments offset increased revenues. The company posted a full-year loss of $691.2 million, sinking from 2012's net profit of $92.4 million.

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CGG, Spectrum begin Foz do Amazonas 3D seismic survey offshore Brazil

CGG and Spectrum have begun the acquisition of the BroadSeis 3D multi-client survey program offshore Brazil in the Foz do Amazonas basin. The two companies are working as equal partners on this project, which has received prefunding from a number of industry players.

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SEAM Data Now Publicly Available

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Brazilian independent stands to lose

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Brazil to Invest $150B over the Next 4 Years on E&P Activities

Brazil expects to continue its offshore success and became one of the major oil producer in the world, as it plan its national oil company Petrobras plans to invest $150 billion on domestic exploration and production activities between 2013 and 2017.

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EMGS and Shell sign global framework agreement for processing and interpretation

Electromagnetic Geoservices ASA signed a global framework agreement with Shell International Exploration and Production B.V. for the provision of consultancy services.

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Petrobras to 'rely less on debt in 2014'

Brazilian giant Petrobras expects to scale back its financing this year as the state-owned company ramps up oil production at its offshore fields, according to a report.

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CNPC Said to Be Close to Purchasing Petrobras Assets

China National Petroleum Corp., the country's largest oil producer, is nearing an agreement to buy Petroleo Brasileiro SA's assets in Peru for more than $2 billion, said three people with knowledge of the matter.

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OGX bust in biggest Latin America bankruptcy

Brazil's biggest private oil firm OGX has filed for bankruptcy protection following inconclusive talks with creditors to restructure its massive debt. The insolvency is said to be the biggest in Latin America ever.

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Petrobras-Led Group Wins Brazil Oil Auction with Minimum Bid

In an auction with a single bid, Brazil on Monday sold production rights to develop the giant offshore Libra oil area to a consortium led by Brazilian state-run oil company Petroleo Brasileiro SA.

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CNOOC Announces Successful Bid for Libra Field

CNOOC Limited announced that the Company, as part of a consortium comprised of Petrobras, Shell, Total and CNPC, has been awarded a 35-year production sharing contract to develop the Libra pre-salt oil discovery in the Santos Basin, offshore Brazil.

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Total awarded 20% interest in the super-giant Libra Field

Total, as part of a consortium comprised of Petrobras, Shell, CNPC and CNOOC, has been awarded a 35-year production sharing contract to develop the super-giant Libra field with a potential of 8 to 12 billion barrels of recoverable oil resources.

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Shell consortium in successful bid for the giant Libra

 

A consortium of companies, including Royal Dutch Shell, Petrobras, Total, CNPC and CNOOC, on Monday won a 35-year production sharing contract to develop the giant Libra pre-salt oil discovery located in the Santos Basin, offshore Brazil.

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HRT Says LNG Key to Amazon Gas; Seeks Partner, Asset Sales

Brazilian oil and natural gas producer HRT Participações SA said on Wednesday that liquefied natural gas is its preferred solution to move gas from isolated Amazon wells to paying customers.

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