Energy intelligence group Westwood takes a closer look at Guyana following ExxonMobil’s ninth offshore discovery in the country. Westwood said on Wednesday that the latest Guyana discovery opened the way to a new 10 billion barrel oil province and transformation for one of South America’s smallest countries. Read more
Karoon in negotiations for Bauna
Petrobras assets demobilization program is expected to advance some yards still in the twilight of the Temer government. It seems that Karoon has opened negotiations for the Baúna field in the Santos Basin . It is estimated that the operation could reach the house of US $ 1 billion. At the beginning of last year,... Continue Reading →
Petrobras Oil and natural gas production in July
Rio de Janeiro, September 4, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that in July its total production of oil and gas, including natural gas liquids (NGL), was 2.60 million barrels of oil equivalent per day (boed), with 2.50 million boed produced in Brazil and 102 thousand boed produced abroad. Total production operated by... Continue Reading →
Transocean moves to buy Ocean Rig for $2.7 billion
Transocean and Ocean Rig have entered into a definitive merger agreement under which Transocean will acquire Ocean Rig in a cash and stock transaction valued at approximately $2.7 billion, inclusive of Ocean Rig’s net debt. Read more
Brazil’s Petrobras to meet with presidential candidates’ aides: report
Executives from Petróleo Brasileiro SA (PETR4.SA) will meet with economic aides to presidential candidates this month to discuss their agenda for the state-controlled oil company, newspaper Estado de S.Paulo said on Sunday. Read more
Petrobras Liability Management Operations
Rio de Janeiro, September 3, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that in August it executed the following operations, totaling US$ 1.45 billion: debt prepayment; term and/or cost renegotiation; and new financing, as per table below: It is the first time that the New Development Bank, a bank formed by the “BRICS” member... Continue Reading →
Pre-salt production grows 3.3% in July and corresponds to 55.1% of Brazil’s total
In July 2018, Brazil's oil and gas production was approximately 3.305 million barrels of oil equivalent per day (boe / d). 2.575 million barrels of oil per day (bbl / d) were produced, a decrease of 0.6% compared to the previous month and 1.8% compared to July 2017. Natural gas production totaled 116 million cubic... Continue Reading →
Açu Petróleo completes 50th ship-to-ship operation at Açu Port
9/3/18 Açu Petróleo completed the 50th ship-to-ship operation at its terminal at Açu Port, in São João da Barra (RJ). The number represents a milestone for the company, which began operating in August 2016. Each operation moves, on average, one million barrels. "In just two years, we started the operation with VLCC (Very Large Crude... Continue Reading →
Revitalization of Marlim and Parque das Baleias with flexibles
9/3/18 Petrobras will use flexible lines in the connection of the submarine systems of the revitalization project of Marlim and the integrated system of Parque das Baleias, in the Campos and Espírito Santo basins, respectively. The subsea configuration of the projects will be made up of flexible pipes for production, gas lift / services, export... Continue Reading →
Petrobras Calling of General Extraordinary Meeting
Rio de Janeiro, September 03, 2018 – Petróleo Brasileiro S.A – Petrobras informs , according to the CVM and B3 rules to Level 2 of corporate governance listed companies, 30 days in advance calling of General Extraordinary Meeting on 10/04/18, to deliberate on the following matters: I. Election of two members of the Board of... Continue Reading →
Brazil Energy Insight 