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Jun 23, 2020 Operators have drilled 284 offshore exploratory wells reaching the pre-salt geological layer since 1980, finding oil and / or gas in at least 64% of them (182), according to ANP data obtained by PetróleoHoje. The account includes pioneer, stratigraphic, extension, adjacent and deeper deposited wells. Source: PetroleoHoje
Jun 23, 2020 Ocyan is celebrating the results achieved with its commitment to an innovative methodology for drilling wells in deep waters in Brazil. The company already accumulates 26 wells drilled using pressure controlled technology (MPD). The method, according to the company, guarantees greater operational safety in the development of complex projects. “When we started... Continue Reading →
Jun 23, 2020 Açu Petróleo carried out the first oil transfer operation using a Very Large Crude Carrier class vessel for Shell Brasil Petróleo. The transfer of approximately 2 million barrels of crude oil from the relief vessels Lena Knutsen and VigdisKnutsen, both operating for Shell Brasil Petróleo, to the VLCC Wasit. The Açu Petróleo... Continue Reading →
Every day, traders in London congregate at 4 p.m. to buy and sell North Sea oil for half an hour. The window, as it’s known in the industry, is where competition between the most powerful players in the market sets the price of Brent crude. Two months ago, every trader wanted to sell cargoes and... Continue Reading →
Jun 22, 2020 Cyberhawk and Shell sign five-year multimillion-dollar software contract Cyberhawk becomes first and only drone-based operator to be granted full global aviation approval across all Shell facilities Global contract follows successful two-year proof-of-concept at a Shell construction project in USA valued at over $6bn Cyberhawk, the global leader in drone-based inspection and creator... Continue Reading →
Jun 22, 2020 Brazilian production still feels the demand effects of the coronavirus pandemic and suffered a further drop in May. During the period, 2.77 million barrels were extracted per day, which represents a decrease of 6.52% in comparison with the previous month. Meanwhile, natural gas production also declined in May. Altogether, there were 114.3... Continue Reading →
Jun 22, 2020 Petrobras and Porto de Açu reached a new agreement to double the volume of oil handled by the state company at the terminal. With the agreement, the oil company will be able to transport up to 100 million barrels while the contract is in force, until March 2021. Last year, Açu... Continue Reading →
Jun 22, 2020 The drilling of the first exploratory well on Saturno, an area of the 5th Production Sharing Round, in the Santos Basin resulted in a duster. The conclusion and result of the campaign - carried out by the consortium formed by Shell (operator, with 45% stake), in partnership with Chevron (45%) and Ecopetrol... Continue Reading →
Jun 22, 2020 The Brazilian Institute of the Environment (Ibama) granted the Operation License for the platform vessel P-70, from Petrobras. The unit will be installed in the Atapu field, in the Santos Basin pre-salt. The document will be valid for four years. The P-70 will have the capacity to process 150,000 barrels of oil... Continue Reading →
Offshore seismic services provider Polarcus is reducing its headcount further by 20 percent, the company said Monday, citing the market uncertainty and bleak near-term outlook caused by low oil prices and COVID-19. Oslo-listed Polarcus had on March 31 announced cost-cutting measures which were planned to save it $15 million in 2020. These included reductions in headcount and employees' salaries and... Continue Reading →
Brazil Energy Insight 