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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 →
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media about the divestment of the Routes 1, 2 and 3 gas pipelines, clarifies that it is untrue that the company has defined the sales model for these assets and the percentages to be sold. Petrobras, as part of its active portfolio... Continue Reading →
Norway's Aker Solutions has signed "a large" framework agreement with Petrobras to provide subsea lifecycle services for Petrobras-operated oil and gas fields offshore Brazil. The agreement has a fixed period of three years and includes an option to extend the contract for two additional years. Aker Solutions defines a large contract as being between NOK... Continue Reading →
Schlumberger's OneSubsea has ordered a turnkey package from Siemens Energy for the Bacalhau field development project in the Pre-salt region of the Santos Basin. The Bacalhau oilfield, operated by Equinor, is located approximately 115 miles (185 kilometers) off Sao Paulo, Brazil, at a water depth of 6,726 feet (2,050 meters). Equinor sanctioned the field development,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the piece of news published in the media, reaffirms that its stake in Braskem is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2021-2025. There is still no definition or decision about the sale model, as already released. The company... Continue Reading →
Brazil Energy Insight 