10/09/18 Higher oil prices and more cost-effective offshore projects are boosting the demand for drilling rigs. According to an IHS Markit study, demand will continue to increase until 2020, especially for deep waters. The average demand for drilling units, including jack-ups and floaters, is expected to increase 13% between 2018 and 2020. The highest demand... Continue Reading →

10/09/18 Petrobras has defined two local content scenarios for Búzios V FPSO, which will be installed in the onerous assignment area, in the Santos Basin pre-salt. Front runner, Exmar, will have to reach an aggregate 25% in the construction of the unit or comply with the requirements according to items and sub-items specified by Petrobras... Continue Reading →

09/18/18 Operator plans to start drilling a well in North Carcará by the end of the year   Equinor plans to start drilling a well in the North area of ​​Carcará by the end of the year after the testing phase being carried out in the Guanxuma prospect. The company received from Ibama license to... Continue Reading →

06/09/18   After closing the drill rig charter, oil company seeks well services and logistical support The next Shell campaigns in the Campos and Santos basins continue to move the market. After closing the charter of the Catarina and Brava Star drill rigs, the oil company promotes tenders to contract well services and logistic support... Continue Reading →

  9/6/2018 The Pão de Açúcar and Carcará fields have the potential to supply up to 25% of Brazilian demand for natural gas, says Equinor's senior vice president, Verônica Rezende Coelho. The development of new gas projects, however, will depend on the feasibility of the disposal of the input and the rules of gas commercialization... Continue Reading →

06/09/18 The ANP approved Petrobras' request to extend the exploration program for the POT-M-764 block in the Potiguar Basin for an additional two-year period. The first phase of exploration was until August of this year. The 11th round block is operated by Petrobras (40%) in partnership with BP (40%) and Galp (20%). The possibility of... Continue Reading →

Rio de Janeiro, September 6, 2018 – Petróleo Brasileiro S.A. – Petrobras, in addition to the releases disclosed on 10/14/2016 and 06/30/2017, informs that its Executive Board approved on Wednesday, September 5, a complementary hedge mechanism to give additional flexibility to the gasoline pricing policy management. Petrobras believes that it is important to implement mechanisms... Continue Reading →

Since the early days of the oil and gas industry, a group of Western companies has dominated the industry. These companies have been named ‘Big Oil’ due to the size of their global footprint. Despite their technological superiority and significant access to capital, these organizations are now facing difficulties in maintaining market share and profitability.... Continue Reading →

ANP the final list of companies registered in the last oil auction of the Temer government September 5, 2018 Four petroleum companies qualified in the 4th round of pre-salt bids, held by the National Petroleum Agency (ANP) in June, did not express an interest in participating in the 5th pre-salt auction scheduled for the 28th,... Continue Reading →