The Brazilian Institute of the Environment (Ibama) granted the operating license for the shallow maritime and terrestrial sections of the Rota 3 gas pipeline. As a reminder, the Rota 3 Integrated Project covers the gas pipeline and the Natural Gas Processing Unit of the Gaslub Hub. Rota 3 has a total length of approximately 355... Continue Reading →
Brazil sets date for new pre-salt bid round using open door nomination
(U) The Brazilian National Petroleum Agency (ANP) has set a date for 16 December to receive proposals in the country’s first auction featuring pre-salt acreage under the so-called permanent offer initiative. In a meeting held on 16 August, the regulator has approved the calendar for the upcoming bid round. According to the proposed timeline, companies... Continue Reading →
Enauta Restarts Production from Atlanta Field
Brazilian oil company Enauta has brought back online oil production from the Atlanta field, following a planned downtime. Enauta had said earlier this month that the gradual output resumption would take place by mid-August when a new water treatment and equipment unit that underwent maintenance in the period would be commissioned and complementary services carried... Continue Reading →
Marlim Sul new pre-salt well comes into operation
In early August, Petrobras put well MLS-233 into operation in the pre-salt layer of the Campos Basin. Preliminary analyzes indicate that the new well, connected to the P-40, at Ativo Marlim Sul, has a production potential of 15,000 barrels of oil per day, exceeding the company's initial estimates. The MLS-233 symbolizes the beginning of pre-salt... Continue Reading →
Report: August shaping up as big month for floating rig contracts
(OM) Halfway through the month of August, contracts for floating rigs are significantly outpacing contacts for jackups, according to Evercore ISI’s latest Offshore Rig Market Snapshot. Of the 17 rig contracts announced so far this month, floater contracts outnumber jackup almost 2-to-1 with the average term more than six times longer at 1.2 years versus... Continue Reading →
Petrobras on the sale of exploration assets in the Potiguar Basin
- Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of 40% of its interest in the BM-POT-17 exploratory concessions, in which the Discovery Assessment Plan for the Pitu well is being developed (Blocks POT-M-853 and POT-M-855), and the POT-M-762_R15 concession (Block POT-M-762), located in deep... Continue Reading →
Brazil central bank chief flags March 2024 inflation outlook as 2023 worsens
(Reuters) - Brazil's central bank chief on Monday defended policymakers' focus on 12-month inflation through March 2024 over the 2023 year-end rate due to one-off tax changes, contributing to signals that the bank may be done raising interest rates. Central Bank President Roberto Campos Neto said the slightly longer horizon improved policymaking, as tax breaks... Continue Reading →
Brazilian PRIO Frade field goes offline due to inert gas line
Brazilian oil and gas company PRIO, formerly known as PetroRio, has temporarily stopped production at a field, located within the Northern Campos Basin off the coast of Brazil. PRIO revealed on Monday that it has interrupted production at the Frade field due to an inert gas line. The initial estimates indicate that this interruption will last between 5 to... Continue Reading →
Solstad vessels secure gigs in Norway and Brazil
Norwegian offshore vessel owner Solstad Offshore has been awarded a contract extension for one of its anchor handling tug and supply (AHTS) vessels in Norway and a new assignment for another one in Brazil. Solstad Offshore revealed on Tuesday that Equinor has declared an option to extend the contract for AHTS Normand Ferking for one more year, which will keep... Continue Reading →
Altera Infrastructure enters Chapter 11 to tackle its debt
UK-based Altera Infrastructure has entered a Chapter 11 bankruptcy process in the U.S. to address its debt of over $1.5 billion. Formerly a part of Teekay, Altera Infrastructure is based in Westhill, Scotland and it is a supplier of infrastructure assets to the offshore energy industry. In a statement on Monday, the company said that it has executed... Continue Reading →
