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(OM) Karoon Energy has issued an update on its field development programs in the Santos Basin offshore Brazil. The Noble Developer semisub has drilled and completed two Patola Field wells, PAT-1 and PAT-2, with subsea christmas trees now installed on each wellhead. Installation of the remaining subsea infrastructure, including a pipeline and umbilicals from Patola to the Cidade de... Continue Reading →
Petrobras is closer to starting exploratory activities on the Equatorial Margin. The company declared that it should start drilling wells this quarter, as detailed in its 2023-2027 Strategic Plan. The company plans to invest US$ 2.9 billion over the next 5 years in the region, with the drilling of 16 wells. The so-called Equatorial Margin... Continue Reading →
Petrobras is managing to further expand its geological knowledge in pre-salt areas. The company announced that it has concluded a 3D seismic survey in the Itapu field, in the Santos Basin. The survey was carried out by PXGeo do Brasil using 3D node technology. Work began in October, approximately 174 kilometers from the coast, in... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, regarding the pieces of news in the media, clarifies that, among the measures intended by the new management of the Company, the creation of the new Board of Renewable Energy will be considered in due course by the Executive Board and then submitted for approval by the competent corporate bodies,... Continue Reading →
Offshore drilling contractor Transocean said Tuesday it had secured a long-term deal for one of its ultra-deepwater drillships. The contract, awarded by "a national oil company" for work offshore Brazil, is for the ultra-deepwater drillship, Dhirubhai Deepwater KG2. According to Transocean, the drillship has secured a 910-day offshore drilling contract with an estimated backlog of... Continue Reading →
Damen Shipyards Group and Compagnie Maritime Monégasque (CMM) announced a two-year offshore support contract for Damen Fast Crew Supplier (FCS) 7011 Aqua Helix. The vessel will transport personnel to and from offshore platforms in support of an oil and gas decommissioning project. The 2022-built Aqua Helix arrived in Brazil on January 26 and is anticipated... Continue Reading →
Petróleo Brasileiro S.A - Petrobras informs that its CEO Jean Paul Terra Prates has indicated 5 new members for the composition of the Executive Board: Trading and Logistics Executive Board, Mr. Claudio Schlosser; Production Development Executive Board, Mr. Carlos Travassos; Exploration and Production Executive Board, Mr. Joelson Falcão; Refining and Natural Gas Executive Board, Mr.... Continue Reading →
Petróleo Brasileiro S.A. –Petrobras informs that, in a session held today, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeals filed by the Company and decided that IRPJ and CSLL taxes are due on the profits of its foreign subsidiary ... Continue Reading →
Despite the global energy crisis, new global oil and gas discoveries in 2022 have driven exploration to the highest value creation in over a decade, reaching a whopping $33 billion at base price, led by major discoveries in Namibia, Guyana, Brazil and Algeria, as outlined by Wood Mackenzie, an energy intelligence group. Wood Mackenzie, a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received today, up front, from Shell, the amount of R$ 347 million, regarding the complement of the firm compensation (earnout) for fiscal year 2022, related to the Atapu block. The amount already includes the amount of the gross-up of taxes related to Shell' 25% stake in Atapu... Continue Reading →
Brazil Energy Insight 