Rio de Janeiro, November 14, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in October was 2.77 million barrels of oil equivalent per day (boed), with 2.67 million boed produced in Brazil and 104 thousand boed produced abroad. The average oil production in the country was 2.16... Continue Reading →
IEA: Too early to write obituary for oil
Oil shouldn’t be written off too early, despite the expected sharp rise in gas and renewables over the next 25 years. This is according to the International Energy Agency which forecasts that over the next 25 years, the growing energy needs will be met by renewables and gas first. In its World Energy Outlook 2017,... Continue Reading →
Spectrum builds on Argentinian program with new seismic survey
Seismic data specialist Spectrum has begun its multi-client 2D seismic survey covering the Austral and Malvinas basins offshore southern Argentina. Spectrum said on Tuesday that the expected survey size was around 14,500 km but may vary based on input from participating clients. Read more
Venezuela’s Bondholder Meeting Is a Bust as S&P Declares Default/PDVSA
Venezuela’s grand gathering with creditors Monday lasted all of 30 minutes and didn’t produce anything of substance. To make matters worse, S&P Global Ratings declared the country in default while Fitch Ratings cited missed payments by the state oil company. Read more
Petrobras 3Q, 2017 Financial Statements and Results Announcement
See attached 3Q, 2017 Financial Statements in USD and Results Announcement Petrobras 3Q 2017 Financial Statements Petrobras 3Q 2017 Results Annoucement
Petrobras – 3Q 2017 results
Rio de Janeiro - November 13th, 2017 - JAN-SEP OF 2017 RESULTS - Derived from consolidated interim financial information reviewed by independent auditors, prepared in accordance with International Financial Reporting Standards - IFRS. Net income R$ 0.266 billion Production 2.776 Mbbl/d Adjusted EBITDA R$ 63.6 million Main highlights Main financial highlights Net Income of R$... Continue Reading →
Shell to begin drilling in Brazil’s Gato do Mato block in 2019
Royal Dutch Shell’s Brazil chief said on Monday that the oil major plans to begin drilling in the Gato do Mato block it won in an auction last month in 2019. Too soon to forecast when first oil might be produced
Brazil – 15th round will tender sector withdrawn from auction of 2007
November 10, 2017: Felipe Maciel The 15 th round of the ANP, approved by the National Energy Policy Council (CNPE) and to be held on March 29, 2018, will tender the SC-AP-5 sector in deep waters of the Campos Basin, which was withdrawn from the 9th round of bids from the agency after the announcement... Continue Reading →
Keppel to start working on Exxon’s Liza FPSO by year-end
Singapore’s Keppel Shipyard is expecting the arrival of a very large crude carrier (VLCC), which will be converted into a floating production storage and offloading (FPSO) unit for SBM Offshore, this month. The FPSO unit will be used to develop the ExxonMobil-operated giant Liza field offshore Guyana. Read more
Petrobras achieves top grade in Governance Indicator
Rio de Janeiro, November 10, 2017 - Petróleo Brasileiro S.A. – Petrobras reports that it has achieved top grade in the Governance Indicator ("IG-SEST") prepared by the Secretariat of Coordination and Governance of State-Owned Enterprises - SEST, under the Ministry of Planning, Development and Management - MPDG, with the results gathered in its 1st Assessment... Continue Reading →
Brazil Energy Insight 