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(PetroleoHoje) Premier Oil do Brasil ended its exploratory activities in the country in September. After eight years working in Ceará, the oil company delivers the last exploratory asset in the portfolio. The oil company returned its last block, CE-M-717, in the Ceará Basin, acquired in the 11th Round, as part of the group's global restructuring... Continue Reading →
DP World's subsidiary Drydocks World Dubai has started converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO) for Dixstone, part of Perenco. As part of the extensive modification and life extension work at the FSO Pargo project, Drydocks will apply a new hull coating, which... Continue Reading →
(OE) Offshore drilling rig contracting activity in West Africa is finally picking up as confidence slowly returns to the region. Esgian has previously reported that the US Gulf of Mexico and Brazil have already witnessed substantial recovery in the deepwater rig market. However, the final point in the golden triangle, West Africa, has struggled with sluggish growth, with current... Continue Reading →
Over the weekend, Petrobras resumed production from the Manati field, off the coast of the state of Bahia, after completing the repair of the pipeline located between the compression station and the field's gas treatment station. As the market is aware, a small gas leak in the onshore part of this pipeline caused the shutdown... Continue Reading →
(PetroleoHoje) Shell will start, by mid-October, a new intervention campaign at Parque das Conchas. The West Tellus drillship, from Seadrill, is already sailing to the Campos Basin, with arrival scheduled for the weekend. In addition to the intervention program, Shell's new campaign will include the drilling of two wells, one infill in BC-10 and the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/29/2021, informs that the partner CNODC Brasil Petróleo e Gás Ltda. (CNODC) has not expressed interest in exercising the option to purchase an additional share of 5% in the Production Sharing Contract of the Transfer of Rights Surplus, for the Búzios field, in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the Gulf of Mexico. The teaser,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has concluded the obligations set forth in its agreement with the U.S. Department of Justice (“DOJ”), previously disclosed in its 09/27/2018 release. The non-prosecution agreement, which related to Petrobras’ internal controls, accounting records, and financial statements during the period from 2003 to 2012, included certain obligations to... Continue Reading →
(Reuters) - Petrobras (PETR4.SA) Chief Executive Officer Joaquim Silva e Luna said there was "zero" risk that the state-run Brazilian oil company would seek to artificially control fuel prices even amid growing public outrage over inflation. Petroleo Brasileiro, as the company is formally known, will have to raise gasoline and diesel prices in line with its international... Continue Reading →
The ANP will carry out on October 7th, from 9 am, the 17th Round of Bidding Blocks for exploration and production of oil and natural gas. 92 blocks will be offered, located in 11 sectors with high potential and new frontiers in four Brazilian offshore sedimentary basins: Campos, Pelotas, Potiguar and Santos. Due to the... Continue Reading →
Brazil Energy Insight 