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Oil and gas major ExxonMobil has completed its drilling operations on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil, but failed to verify the presence of hydrocarbons. ExxonMobil started drilling the exploration well 1-EMEB-3-SES in the Block SEAL-M-428 on 20 February 2022, using Seadrill’s West Saturn drillship. The operations were expected to last between 45 –... Continue Reading →
(PN) The National Petroleum Agency (ANP) extended the first exploratory period in five blocks of the oil company in the Sergipe-Alagoas and Santos basins. The extra period was given within the context of ANP resolution 815/2020, which allows for the extension of certain contractual terms for the Exploration Phase for a period of nine months.... Continue Reading →
Tanker operator AET named its new shuttle tanker Eagle Colatina earlier this week in South Korea. The vessel is the first of three purpose-built Suezmax dynamic positioning (DP2) shuttle tankers for a long-term charter to the Brazilian oil company Petrobras based on the agreement signed in February 2020. Shuttle tankers are used for the offloading... Continue Reading →
(PetroleoHoje) Shell intends to carry out a new exploratory campaign in Brazil in 2023, with the drilling of at least two wells in the Campos and Santos basins. The oil company launched a bid to charter a rig. Some companies, however, have already informed that they are not available to attend the campaign. Shell does... Continue Reading →
The independent oil company closed 2021 with net revenue of R$ 1.04 billion. Of this total, BRL 285 million refers to the fourth quarter, with a growth of 38.1% compared to the same period in 2020. In addition, the company's net income reached BRL 176.9 million in the consolidated for 2021 and EBITDA in the... Continue Reading →
French offshore seismic surveyor CGG has secured a two-part Ocean Bottom Node (OBN) seismic imaging project by PXGEO over the Sapinhoá Shared Reservoir in the Santos Basin offshore Brazil. "The resulting data will bring improved geological insight to the asset operator, Petrobras, to assist with better management of oil recovery and production development," CGG said. Peter... Continue Reading →
(Reuters) - Brazil antitrust watchdog CADE extended the deadline for Petrobras (PETR4.SA) to sell its refineries as part of obligations assumed by the company in an agreement to stimulate competition in the local oil refining market, the agency said on Wednesday. The new schedule for the sales was not disclosed by CADE in order not to prejudice... Continue Reading →
Brazil will increase its oil production by 300,000 barrels a day by the end of the year to help stabilize global energy markets. The information was revealed today by the Minister of Mines and Energy, Bento Albuquerque, during the opening ceremony of the Ministerial Meeting of the International Energy Agency (IEA), in Paris. The additional... Continue Reading →
(Reuters) A Brazilian Senate committee on Tuesday approved an invitation to Petrobras Chief Executive Joaquim Silva e Luna to explain the state-run oil company's dividend policy, amid surging oil prices. The infrastructure committee also approved another request for a public hearing with oil industry experts. "We have seen successive increases in fuel prices in the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 20, 2019, informs that was concluded the process of closing Participações em Complexos Bioenergéticos S.A. (PCBios), a company in which Petrobras held a 50% interest and Mitsui & Co. Ltd. held the other 50%. The dissolution and liquidation of PCBios were approved... Continue Reading →
Brazil Energy Insight 