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Following reports that a consortium between Brazil’s PetroRio and Vinci’s subsidiary Cobra has been chosen as the top bidder for Petrobras’ Albacora offshore oilfield, PetroRio is awaiting notification from Petrobras about the process while Petrobras has said there is still no decision about the winning proposal. Citing people with knowledge of the matter, Reuters reported on Thursday... Continue Reading →
(Reuters) - Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers. In total, there were 92 blocks up for grabs in... Continue Reading →
(PetroNoticias) The first oil transfer operation of the FPSO Carioca – the first definitive production system installed in the Sepia field, in the Santos Basin pre-salt – destined oil for the production of oil products at the Henrique Lage Refinery (Revap ) and at the Paulínia Refinery (Replan), in São Paulo. The oil produced in... Continue Reading →
(Reuters) - Brazil is set to sell off exploration and production rights in dozens of offshore oil producing blocks on Thursday, in an auction that is small by local standards but will offer opportunities for majors to snap up potentially prolific assets. In total, there are 92 blocks up for grabs in four offshore zones... Continue Reading →
Malaysian FPSO provider Yinson is on track with an FPSO conversion project for a Petrobras-operated project off Brazil with topside module integration currently in progress. Yinson on Thursday shared an update on the progress of its Anna Nery FPSO, which will work for Petrobras on the Marlim 2 oil field in the Campos Basin. The... Continue Reading →
Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France's Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a consortium composed of private equity firm EIG Global... Continue Reading →
3R Petroleum recorded an average production of 6,752 barrels of oil equivalent (boe) per day in 3Q 2021, compared to 5,635 boe/d recorded in the previous quarter. -- Most of the increase in production took place with the start of production of the Rio Ventura cluster, in Bahia, acquired from Petrobras in 2020. -- Production... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Strategic Plan 2022-26 (SP 2022-26) is under preparation. Following the previous years, in SP 2022-26 the Company intends to present its production curve, the plan's financing, as well as the investment projection (CAPEX), including the amount to be spent each year and the main projects to be... Continue Reading →
(PetroNoticias) Petrobras began drilling a wildcat well (1-BRSA-1382D-RJS) in the Tres Marias block, in the Santos basin. The activity is being carried out with the Ocean Courage rig, in a water depth of 2223 meters. The information was released by the National Petroleum Agency (ANP). As a reminder, the Tres Marias block was sold during... Continue Reading →
(PetroleoHoje) Cade approved two 3R acquisitions in the Potiguar Basin: the purchase of shares issued by Duna Energia, which will make the oil company a full subsidiary of 3R, integrating the Ponta do Mel and Redonda fields in the portfolio; and the acquisition of a 50% stake in Galp in the Sanhaçu field. Both operations... Continue Reading →
Brazil Energy Insight 