Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Brazil's economy is undergoing a soft landing as consumers tighten their purse strings to cope with high indebtedness on post-pandemic purchases and increasing financial costs, a Reuters poll of economists showed. Economic activity got a boost this year from President Jair Bolsonaro's extra public spending measures aimed at improving his reelection chances before... Continue Reading →
The FPSO P-71 left the Jurong Aracruz shipyard, in Espírito Santo, and headed for the Itapu field, in the Santos Basin. The vessel will be able to produce up to 150,000 barrels of oil and 6 million cubic meters of gas daily. In addition, the P-71 will be able to store 1.6 million barrels of... Continue Reading →
Prosafe, a company offering offshore accommodation services for oil and gas clients, said Saturday it had submitted the most competitive offer in a bidding process for a 650-day contract with the Brazilian oil and gas company Petrobras. The contract value is approximately USD 73 million, which is equivalent to $112,500 per day. "Contract award and... Continue Reading →
The P-68 platform vessel, which operates in the Berbigão and Sururu fields, in the Santos Basin pre-salt, broke a daily production record on the 8th. According to a Petrobras statement, the platform produced a volume of 161,756 barrels of oil per day (bpd). This milestone was reached with the entry into production of the ninth... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for September 2022 in the assets that the Company holds participation. The Company is the operator of Macau, Areia Branca, Fazenda Belém, Rio Ventura, Recôncavo... Continue Reading →
(OM) Petrobras has selected seven rigs from its tender for up to eight floating rigs, reports consulting firm Esgian. From Lot 1, which was for up to two high-spec DP rigs capable of operating in up to 3,000 m of water, the selected units are Diamond Offshore semisubmersible Ocean Courage and the Transocean drillship Deepwater Corcovado. Both of... Continue Reading →
(OEM) Offshore drilling contractor Transocean has secured more work for its fleet of offshore drilling rigs in the Gulf of Mexico, Brazil, Suriname, Norway, the UK, and India. On Thursday, Transocean published its quarterly fleet status report, detailing some of the recently announced deals and adding several new ones. The aggregate incremental backlog associated with... Continue Reading →
The National Petroleum Agency (ANP) released preliminary production data for the month of August. Brazil hit the mark of oil production of 3.967 million barrels of oil equivalent per day (MMboe/d), with 3.087 million barrels per day (MMbbl/d) of oil and 139.96 million cubic meters per day ( MMm3/d) of natural gas. In the pre-salt,... Continue Reading →
Equinor’s new platform in Brazil, Peregrino C, produced its very first oil on 10 October at 20:00 local time. Peregrino is Equinor’s largest operated field outside Norway. Peregrino phase 2 will extend the Peregrino field life to 2040. Phase 2 adds 250-300 million barrels of oil, while at the same time halving expected CO2 emissions per... Continue Reading →
Petrobras sent a document to the Securities and Exchange Commission (CVM) denying any internal movement to change the composition of its current board. The company's statement comes after rumors circulated in the press over the last week, indicating that the government would be interested in changing the company's board. According to the news, the federal... Continue Reading →
