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07/08/18 The field produced 2.94 thousand barrels / day in April, a smaller volume than the first month of production Oil production in the Papa-Terra field in the Campos Basin reached its lowest level in April, even in relation to the first month of production in November 2013. According to BE Petróleo survey, the field... Continue Reading →
07/08/18 Equipment promises greater flexibility and availability than current models By the Editor Petrobras has developed, in partnership with the French company Eca Hytec, a compact prototype ROV (remote operated vehicle) that promises greater flexibility, reaching more complex places and able to work in severe sea conditions. The equipment will be presented to the market... Continue Reading →
Aug, 6, 2018 The Shipbuilding Industry is in search of new opportunities due to the crisis that the sector is living in the Country. The Shipyards, at the moment, are idle because of the absence of demands of shipbuilding. The opportunity for decommissioning of oil and natural gas platforms appears as the great alternative, since... Continue Reading →
Petrobras completed the drilling of a well in Sururu field in July and discovered the largest oil column ever found in the Santos Basin pre-salt. According to the director of exploration and production of the company, Solange Guedes, during the drilling was identified an oil column of 530 meters. For comparison purposes, the average of... Continue Reading →
08/03/2018. The 42.7% import growth in July was boosted by the nationalization of oil rigs after the government announced changes to the industry's tax rules. In July, there was a change in Repetro that allows a tax benefit for assets used in oil exploration held in Brazil. Until then, the benefits were only granted... Continue Reading →
Rio de Janeiro, August 6, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that it has executed debt pre-payments totaling US$ 975 million, according to the table below. Bank Date of Advance Payment Value of Advance Payment (US$ million) Original Maturity Bank of America 7/25/2018 325 2022 Safra 7/31/2018 150 2022 MUFG 8/3/2018 500 2022... Continue Reading →
Offshore oil and gas company Kosmos Energy will begin drilling operations on the Pontoenoe well offshore Suriname during August, hoping to replicate ExxonMobil’s exploration successes recently made in neighboring Guyana. Kosmos said on Monday in its 2Q 2018 report that Pontoenoe well was the first of up to three independent prospects in Block 42... Continue Reading →
Petrobras’ profit reached 10.07 billion reais ($2.7 billion) during a quarter when Brazil endured a ten-day trucker strike that prompted a change in the company’s leadership, and as presidential candidates attacked rising fuel prices ahead of elections in October. While earnings topped analysts’ estimates, the focus now is how the new management performs amid confusion about the... Continue Reading →
08/03/18 As in Mero, Petrobras will use rigid and flexible pipelines in the submarine interconnection of the Sepia field After an era of flexible risers, the hybrid submarine configuration is becoming Petrobras' preferred option for its new pre-salt projects. As in Mero 1, the state-owned company will use the steel lazy wave riser (SLWR) system,... Continue Reading →
08/03/18 Portuguese oil explorer Galp is expected to invest about € 1 billion in Brazil by 2020 after confirming the purchase of 3% in the Caracará block in the Santos basin. According to José Mauro de Moraes, Coordinator of Petroleum Studies at the Institute of Applied Economic Research (Ipea), the sum shows foreign confidence in... Continue Reading →
Brazil Energy Insight 