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Rio de Janeiro, February 20, 2019 - Petróleo Brasileiro S.A. - Petrobras announces that today it has started the production of oil and natural gas of P-76, the third platform to enter production in the Búzios field. With a daily capacity to process up to 150,000 barrels of oil and compress up to 6 million... Continue Reading →
Seismic services player Spectrum is starting a new 20,000 km 2D survey in Colorado and Salado basin offshore Argentina. This new program ties with Spectrum’s existing 35,000 km survey that was acquired in 2017 for the ongoing first offshore licensing round. The survey is done in cooperation with BGP utilizing the vessel BGP Pioneer, Spectrum... Continue Reading →
Oil and gas company Tullow has hired a drillship to drill for oil in its Orinduik Block, offshore Guyana, Eco Atlantic, a partner in the project, has informed. The rig in question is the Stena Forth, a sixth-generation drillship owned by Stena Drilling. The Stena Forth drillship will drill the 250 million barrel Jethro-Lobe prospect on... Continue Reading →
Singapore’s offshore platform and rig builder Sembcorp Marine sees improvements in global spending on offshore exploration and production, however, it does not expect this to reflect on its near-term business volume. The company will focus on offshore production units as this is where it sees an increasing number of inquiries. The rig builder on Wednesday reported... Continue Reading →
(Corrects ninth paragraph of Feb. 7 story to say Brazilian prosecutors alleged bribes were paid to Petrobras insiders, not to the company itself) Continue reading
After years of budget cuts, oil and gas companies are finally stepping up their exploration game and several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Norwegian oil and gas intelligence firm Rystad Energy. Rystad said on Tuesday that improved market conditions and lower well costs led E&P players... Continue Reading →
1/18/19/19 IBAMA authorized the inclusion of support vessels by Petrobras in the 3D seismic campaign with nodes in the Búzios field, the Transfer of Rights assignment of the Santos Basin pre-salt. The agency also allowed the area of maneuvers of the campaign to be expanded by 3,500 meters, aiming to improve the quality of the... Continue Reading →
1/18/19/19 After stopping negotiations with Exmar, the state company tries to reduce the daily rate offered by the Japanese company The long story of the charter of the FPSO of Búzios at last is coming to an end. Petrobras will hold the first direct negotiation meeting with Modecom Friday, the company that presented the second... Continue Reading →
Norwegian oil and gas intelligence firm Rystad Energy expects 33 floating, production storage and offloading (FPSO) vessels to be sanctioned from 2019 to 2021 as oil and gas activity picks up in the offshore sector. Rystad said last Friday that, of the 33 FPSOs, 15 would require a production capacity above 80,000 barrels per day.... Continue Reading →
Offshore drilling company Transocean posted a net loss attributable to controlling interest of $242 million for the fourth quarter of 2018, however, the CEO is optimistic as the company last year added $2 billion in contract backlog, the highest in the last four years. The result was impacted by impairment for three floating rigs previously... Continue Reading →
Brazil Energy Insight 