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Brazilian oil and gas major Petrobras has signed a contract with a joint venture formed by Saipem and DSME in the amount of $2.3 billion for the supply of P-79, the eighth unit to be installed in Búzios field, in the Santos Basin pre-salt area. With a capacity to process 180,000 barrels of oil per... Continue Reading →
Fugro's soon-to-be-sold marine seismic acquisition subsidiary Seabed Geosolutions has received a conditional Letter of Award (LOA) from an undisclosed company for an ocean bottom node (OBN) project in the Americas region. The project is anticipated to start in the fourth quarter of 2021 after the completion of the current crew commitment in Brazil, extending the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that today it concluded the offering of its 5.500% Global Notes due June 2051 (the “Notes”) in the international capital market in the amount of US$ 1.5 billion through its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The pricing of the Notes occurred on June 2, 2021, as disclosed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media concerning the sale of its entire remaining 37.5% stake in the capital of Petrobras Distribuidora S.A. (BR), clarifies that, as disclosed on 08/26/2020, the company's Board of Directors approved, on that date, the mentioned operation, by means of a secondary public... Continue Reading →
The National Petroleum Agency (ANP) approved this afternoon today (10) the integrated development plan for the Neon and Goiá fields, in the Santos Basin. The two areas are operated by the Australian Karoon, who preferred to propose a joint development plan, as the fields' production unit will be shared. The firm investments proposed for the... Continue Reading →
Brazilian oil firm Petrobras is set to kick off the first of the two seismic acquisitions of the Sapinhoá field monitoring project, in the pre-salt of the Santos Basin, offshore Brazil. "Seismic acquisition is an important tool for managing the deposit (reservoirs) and optimizing production systems, seeking to maximize the value of the assets by... Continue Reading →
The recent overhaul of Exxon Mobil Corp's (XOM.N) board of directors could shift billions of dollars in spending and strategy over several years, but any changes likely will take time, analysts and investors say. A quarter of directors last month lost their seats to outsiders read more , and the March appointment of activist Jeff Ubben puts a third... Continue Reading →
Petrobras has the approval of the Brazilian antitrust agency for the sale of its Landulpho Alves (RLAM) refinery, in Bahia, to Mubadala Investment Company, a sovereign fund of the Abu Dhabi government. The Administrative Council for Economic Defense (Cade) approved the transaction without restrictions, according to a publication in the Federal Official Gazette this Wednesday... Continue Reading →
(TNPetroleo) After the unsuccessful attempt to auction off the production surpluses from the Sépia and Atapu pre-salt blocks, on November 6, 2019, the government decided to carry out a broad change in the parameters that guide the supply of these areas. Either directly, through the significant reduction of government participation in the revenue that will... Continue Reading →
Petroleum Geo-Services (PGS) has revitalized 3D data over the Bauna field in southwest Santos Basin and its surrounding area offshore Brazil. This preprocessed dataset is now available for evaluation of blocks for Brazil’s upcoming Permanent Offer Round. The data rejuvenation of legacy survey BM-S-40 started from field tapes and applied the latest workflow for data... Continue Reading →
Brazil Energy Insight 