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ExxonMobil has made changes to a 3D survey contract in South America with PGS, excluding one of the two vessels from the deal following a December incident with the Venezuelan navy. The contract for two Ramform Titan-class vessels to conduct the 3D survey in South America was announced on November 14, 2018. Continue reading
Oil major ExxonMobil has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January. The Stena Carron drillship is drilling the well, which is located 19 miles (31 kilometers) east of the Pluma-1 discovery in the southeast Stabroek Block, ExxonMobil said on Monday. The Noble Tom Madden drillship is expected to... Continue Reading →
o de Janeiro, January 4, 2019 - Petróleo Brasileiro S.A - Petrobras, in addition to the Material Fact published on December 21, 2018, informs that its CEO Roberto da Cunha Castello Branco, within the scope of the nomination process for members of the Executive Board, indicated to the Executive Offices of Refining and Natural Gas... Continue Reading →
Brazil’s far-right President Jair Bolsonaro has put economic policy in the hands of a team of University of Chicago-trained economists led by Economy Minister Paulo Guedes who will apply liberal shock treatment to Latin America’s largest economy much as Chile’s “Chicago Boys” did four decades ago under military rule. Continue reading
Petrobras has signed today with Perenco the contracts for the full sale of Petrobras’ stake in the fields of Pargo, Carapeba and Vermelho, the so-called Polo Nordeste, located in shallow waters off the coast of Rio de Janeiro state. The assets The Pargo field was discovered in 1975, and the fields of Carapeba and Vermelho... Continue Reading →
1/4/19 Brazil's PetroRio and Australia's Karoon Energy are among the companies bidding for the Baúna field in the shallow waters of the Santos Basin, which Petrobras has put up for sale, two sources told Reuters on condition of anonymity. With an oil output of around 34,000 barrels per day, Baúna is among the largest mature... Continue Reading →
1/4/19 Ibama issued 20 drilling licenses in 2018, a significant jump over the previous year when only one license was granted - for Equinor to drill in the BM-S-8 block in the Santos Basin. The Norwegian oil company and Petrobras were granted six licenses each, in the first case to conduct activities in Carcará, in... Continue Reading →
A great start, a disturbing ending, and a lot of excitement. Here’s Bassoe Offshore’s 2018 recap. By: David Carter Shinn, Bassoe Offshore Happy New Year! A lot of us might want to forget 2018, but there’s a lot worth remembering. We’ll be back later with our thoughts on 2019. Presented with no further comment, here’s our summary of the year gone by. If... Continue Reading →
Petrobras confirmed the election of Roberto Castello Branco as its new CEO and made several other changes in its administration in late December. The ceremony in Rio de Janeiro was attended by the Minister of Mines and Energy Bento Albuquerque, the Minister of Economy Paulo Guedes, the governor of the state of Rio de Janeiro Wilson... Continue Reading →
Brazil’s government and state-run oil firm Petroleo Brasileiro SA (PETR4.SA) expect to resolve a dispute over the oil producing zone known as the ‘transfer-of-rights’ area within 100 days, a minister said on Thursday. A dispute over the oil in the zone, and the price of it, dates back to 2010, when the Brazilian government granted... Continue Reading →
Brazil Energy Insight 