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( Bassoe Rig Analytics) While most regions are reporting lower offshore drilling rig activity, South America is bucking the trend - and this time it's not just Brazil driving demand. The South American rig market, led by Brazilian NOC Petrobras, has encountered its fair share of problems over the past years. The 2014 oil price crash... Continue Reading →
Norway's Aker BP could expand its oil and gas business to other countries if it comes across competitive opportunities abroad, its chief executive told Reuters on Thursday. Any move to invest outside its native Norway would be a change of strategy for Aker BP, which was founded in 2016 through the combination BP's Norwegian unit... Continue Reading →
Outlook for the offshore engineering, procurement and construction (EPC) market in 2021 looks promising, boosted by projects deferred from 2020, according to market research provider Westwood. With a forecast of $29 billion firm or already awarded contracts and a further $16 billion of probable and possible awards, 2021 could, reportedly, match 2019’s $40 billion total.... Continue Reading →
The Administrative Council for Economic Defense (CADE) approved the sale of Total's stake in blocks from Foz do Amazonas to Petrobras. As a reminder, in September last year, the French oil company gave up on the business after successive unsuccessful attempts to obtain Ibama's environmental license for drilling wells in the areas. Petrobras will keep... Continue Reading →
The FPSO Carioca will arrive in Brazil this week, according to Petrobras. The unit will be docked at the BRASFels shipyard in Angra dos Reis. There, the platform ship will go through the latest integration and commissioning activities before leaving for its final destination, the Sepia field, in the Santos Basin. The unit was built... Continue Reading →
After some postponements, Shell receives proposals for the chartering of the production unit of its project in the Santos Basin Modec and the BW Offshore / Saipem consortium submitted a technical proposal for Shell's bid for the chartering of the Gato do Mato FPSO. The delivery of commercial offers will only be delivered on March... Continue Reading →
(Reuters) - Brazil’s state-controlled oil producer Petroleo Brasileiro SA is considering selling its remaining stake in gas station chain BR Distribuidora if its stock recovers to 26 reais a share, three people with knowledge of the information said. For the first time since the COVID-19 pandemic stalled the sale process, Petrobras has agreed on a... Continue Reading →
TMC has won a contract to supply the marine compressed air system to the Bacalhau FPSO that Japan's MODEC is building for Equinor. The deal is one of TMC's biggest ever orders. TMC will supply the FPSO’s complete compressed air system consisting of several large offshore screw compressors, air dryers and filter systems, the company said,... Continue Reading →
Petrobras had its best operating performance in 2020, overcoming considerable challenges arising from the pandemic, contraction in global demand for fuels and low prices. We reached annual production records of 2.28 million barrels per day (MMbpb) of oil and NGL and 2.84 million barrels of oil equivalent per day (MMboed) of total production. Previous production... Continue Reading →
The ANP released today the Monthly Bulletin on Oil and Natural Gas Production, with detailed data on national production for December 2020. This month's publication also includes a special insert with the consolidated data of production in the year 2020. The Bulletin can be accessed on the page https://www.gov.br/anp/pt-br/centrais-de-conteudo/publicacoes/boletins-anp/boletim-mensal-da-producao-de-petroleo-e-gas-natural. That year, production registered records in... Continue Reading →
Brazil Energy Insight 