Brought to you by Quest Offshore & Southern Cone Consultants
Occidental Petroleum Corp will write down the value of its oil and gas properties by up to $9 billion this quarter and restructure some debts to avoid a possible default, the company said on Thursday. The U.S. oil producer is trying to shed nearly $40 billion in debt from its purchase of rival Anadarko Petroleum... Continue Reading →
Jun 26, 2020 Changes on the way in the range of projects Petrobras intends to develop. The company's Executive Director of Institutional Relations, Roberto Ardenghy, declared that the company should announce between August and September the results of a review in its portfolio of projects. The work is being carried out by the company's technical... Continue Reading →
Jun 26, 2020 Onshore exploration in Brazil has taken a new step. Imetame Energia declared the commerciality of the Campainha Azul field, located within the POT-T-569 block, in the Potiguar Basin. The asset is in the state of Rio de Grande do Norte and was acquired during the 11th Bidding Round. The field is operated... Continue Reading →
TechnipFMC vessel Skandi Niterói recently wrapped up the installation campaign of Peregrino Phase II for Equinor in Brazil. It is part of the company’s engineering, procurement, construction and installation (EPCI) contract secured in September 2017. Continue reading
Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic. According to Exmar, YPF claims that effects of the coronavirus pandemic both worldwide and in Argentina have hindered YPF's... Continue Reading →
Jun 25, 2020 Petrobras started today the production of oil and natural gas from the shared deposit of Atapu, through platform P-70, in the eastern portion of the Santos Basin pre-salt, near the Búzios field. Atapu will contribute to the growth of production in the pre-salt, which is becoming increasingly relevant for Petrobras. The P-70... Continue Reading →
Brazil’s Petroleo Brasileiro SA is set to receive binding offers for the country’s second-largest refinery on Thursday, five people with knowledge of the matter said, as the state oil company aims to restart a plan to divest more than $10 billion in assets. If the deal for the Landulpho Alves refinery, also known as RLAM,... Continue Reading →
Four Saab Seaeye 3000m rated electric Leopard work vehicles have been ordered by Belov Engenharia for Petrobras operations in Brazil. “The Leopard was chosen for its compact size to power ratio,” says Belov’s Director of Operations, André Weber Carneiro. “We like the quality of Saab Seaeye products and their technical support, which is always available... Continue Reading →
Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been awarded the next phase of the Magnetic Drive System (MDS) project by DeepStar, a global offshore research and development consortium. The new phase, based on the successful completion of a design study last year,... Continue Reading →
Jun 24, 2020 Dommo Energia posted a negative result of R $ 397.5 million during the first quarter of this year. The loss was 874% greater compared to the same period in 2019. According to the company, the losses were increased by factors such as the incidence of PIS / Cofins on financial results (R... Continue Reading →
Brazil Energy Insight 