Brazil expects to raise 1 billion reais ($309 million) this year through the sale of 5 million barrels of oil and gas from the country’s offshore pre-salt layer, oil and gas secretary Marcio Felix told Reuters. The funds will include proceeds from the sale of oil produced by a Petrobras-led consortium in the Libra area,... Continue Reading →
Brasco contracts with Statoil and Total
Brasco has signed contracts with Statoil and Total to support oil exploration and production activities in the Santos Basin. The agreements provide for port logistics support services, stock control and cargo handling, pipeline and equipment storage, waste management and segregation, and tank cleaning, among others, at the Brasco in Caju, Rio de Janeiro bases.... Continue Reading →
Resumption of oil activities in Brazil attracts foreigners
The oil and gas sector in Brazil has been attracting new players. Companies from countries such as the United States, the Netherlands, Switzerland, Denmark, France and China are settling in the country and, mainly, joining national companies with a view to resuming the activity of the oil industry. This movement began to gain strength... Continue Reading →
U.S. largest ever offshore oil & gas lease sale set for March
The U.S. Department of the Interior will in March hold what it says is the largest oil and gas lease sale in U.S. history. Deputy Secretary of the Interior David Bernhardt said on Friday that the Department would offer 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development.... Continue Reading →
Petrobras extends DOF anchor handler deal
Norwegian shipping company DOF has been awarded an extension of a contract for one of its anchor handlers working in Brazil. DOF informed in an Oslo Stock Exchange filing on Friday that the anchor handling tug and supply vessel Skandi Admiral was awarded a 265-day extension by Brazilian oil company Petrobras. Read more
Statoil gears up for Brazilian drilling campaign
Norwegian energy giant Statoil is about to start drilling on the Carcará discovery offshore Brazil, using a Seadrill-owned drillship. According to information obtained by Offshore Energy Today from a Statoil spokesperson, the Norwegian company is about to start a drill stem test on the Carcará discovery and then drill the Guanxuma prospect in BM-S-8 license in the Santos... Continue Reading →
Petrobras concludes sale of the shares of São Martinho S.A.
Rio de Janeiro, February 16, 2018 – Petróleo Brasileiro S.A. – Petrobras, in continuity to the material fact announced on 02/23/2017, informs that its wholly-owned subsidiary Petrobras Biocombustível SA - PBIO sold on this date, through an auction at B3, 24,000,000 (twenty-four million) shares of São Martinho SA (SMTO3) held by the company, at the... Continue Reading →
Guyana Is About to Open Up Pandora’s Barrel
Wedged between Brazil and Venezuela, Guyana could easily go unnoticed. It has fewer than 750,000 people and a per capita income of $4,300, half the regional average, qualifying it as the hemisphere’s third-poorest nation. At the moment, Guyana also might be its luckiest. Having struck big oil offshore starting in 2015, industry experts reckon total reserves at around 2 billion... Continue Reading →
Shell charters Petroserv semi-submersible rig for campaigns in the Campos Basin
February 16, 2018 by Felipe Maciel Shell has entered into a contract with Petroserv for the lease of the semi-submersible rig, Catarina, as of April of this year. The unit will conduct well drilling campaigns in the fields of Parque das Conchas and Bijupirá and Salema, all in the Campos Basin. This is the first... Continue Reading →
Eni: full year 2017 and fourth quarter results
Yesterday, Eni’s Board of Directors approved the Group results for the fourth quarter and the full year of 2017 (unaudited). Read full press release
Brazil Energy Insight 