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(Reuters) - Exxon Mobil Corp (XOM.N) has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future. But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator in Brazil's waters and has let opportunities... Continue Reading →
(PN) The board of the National Petroleum Agency (ANP) approved the postponement for five years of the declaration of commerciality of the Jupiter discovery, in block BM-S-24, in the Santos Basin. This is the second time the deadline is extended – the first time was in 2016. The new deadline will be November 2026. The... Continue Reading →
Brazilian shipping company Grupo CBO has added a new platform supply vessel (PSV) to its fleet and signed its second contract for one of its anchor handling tug supply (AHTS) vessels with the Brazilian subsidiary of Australia’s Karoon Energy. Brazil’s offshore vessel operator CBO informed on Thursday that it has completed the acquisition of the PSV CBO... Continue Reading →
(PN) The entry into operation of the first definitive system in the Mero field, in the Santos Basin, will help to jumpstart the global production of French company TotalEnergies. The European oil company announced in its report of the financial and operating results for 2021, that it expects a 2% growth in its hydrocarbon production,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it was the winner of the "Deals of the Year" award, promoted by the North American magazine Latin Finance, in the category that highlights the best corporate debt management operation (Corporate Liability Management of the Year), in the year 2021. This is the fourth time, in the last... Continue Reading →
SBM Offshore has issued a progress report on various FPSO construction programs in its latest results statement. The third stage flash gas compressor on the Liza Destiny, which operates on the Liza field offshore Guyana, remains stable and continues to operate. Engineering is in progress on a re-designed flash gas compressor, which should be installed around mid-year.... Continue Reading →
(OM) Petrobras achieved record presalt production from its fields offshore Brazil last year, averaging 1.95 MMboe/d. This represented 70% of the company’s total production, and is twice as much as the total presalt output from five years earlier. Late last month the FPSO Guanabara arrived at the Mero field in the pre-salt Santos basin. The vessel, the first at... Continue Reading →
The FPSO Cidade de Anchieta, currently in the Parque das Baleias area, on the coast of Espírito Santo, had its production paralyzed after the presence of oil was discovered near the unit. The information was revealed in the 2021 financial and operational report of the Dutch SBM Offshore, which charters the vessel to Petrobras. The... Continue Reading →
Brazilian oil and gas company Enauta has concluded the purchase of an FPSO for the Definitive System of its operated Atlanta field located off Brazil. Following a letter of intent from December 2021, Enauta entered into an agreement with Yinson to buy the FPSO OSX-2 in January 2022. The agreement was contingent on compliance with the agreed... Continue Reading →
(Bloomberg) -- In the past four years Brazil’s state-owned oil company Petrobras has gone from the world’s most indebted oil producer to showering profits on investors. A controversy over fuel prices on Brazil’s campaign trail is signaling the good times may not last. Rising pump prices are angering voters. Former president Luiz Inacio Lula da... Continue Reading →
Brazil Energy Insight 