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Sept 17, 2020 Petrobras is interested in investing in renewable energies, but while other oil companies already have more defined plans for this sector, the Brazilian state-owned company is still looking for a way to enter in this market. The company's executive director of finance and investor relations, Andrea Marques de Almeida, declared that Petrobras... Continue Reading →
Sept 17, 2020 Oil and gas services provider Sapura Energy has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast. Sapura Energy said on Thursday that the total value of the three contracts is RM 840 million ($203.4 million), bringing the company’s total wins to-date... Continue Reading →
September 17, 2020 Brazilian maritime logistics and port operator Wilson Sons has accepted the resignation of Cezar Baião from the position of CEO of Operations in Brazil, effective from March 5, 2021. The company has this week said that its board has accepted the nomination and decided to appoint Fernando Fleury Salek as CEO of... Continue Reading →
Sept 16, 2020 The ANP approved, in the beginning of September, five more expressions of interest presented by operators for the extension of exploratory deadlines due to the covid-19 pandemic. Petrobras, ExxonMobil and BP got more time to analyze their projects due to the pandemic. The possibility of extension, which applies both to the First... Continue Reading →
Sept 16, 2020 Cade approved, without restriction, the acquisition, by OP Pescada (Ouro Preto Oil & Gas subsidiary), of the 65% stake of Petrobras in Polo Pescada, which comprises the fields of Pescada, Arabaiana and Dentão, located in shallow waters of Potiguar Basin. The conclusion of the acquisition makes OP Pescada 100% holder and operator... Continue Reading →
September 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/27/2020 and 08/11/2020, informs the beginning of the binding phase regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. Potential buyers qualified for this phase will receive a... Continue Reading →
Sept 15, 2020 Brazilian oil production will grow rapidly in the coming decades, from the current level of 3 million barrels / day to a peak of 4.3 million to 5 million barrels daily, according to estimates of “Energy Outlook 2020”, published on Monday by British oil company BP. Even with the growth in oil... Continue Reading →
September 15, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started negotiations with SBM Offshore N.V. (SBM) to contract the FPSO - floating production storage and offloading Almirante Tamandaré, to be installed in the Búzios field, in Santos Basin. The FPSO Almirante Tamandaré will be the sixth production system of the Búzios field,... Continue Reading →
September 14, 2020 Petróleo Brasileiro S.A. – Petrobras reports on the revision of the Exploration & Production (E&P) segment portfolio in face of the crisis caused by COVID-19. The revision aims to maximize the value of the E&P portfolio, focusing on world-class assets in deep and ultra-deep waters. The portfolio revision is in line... Continue Reading →
September 14, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the change in the name of the Lula field to Tupi field. The approval is aimed at complying with the ruling of July 7, 2020, in a citizen lawsuit, which ordered the... Continue Reading →
Brazil Energy Insight 