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Sept 2, 2020 Note: The name of Lula field will be changed due to a court decision. In July, the Lula field, in the Santos Basin pre-salt, was the largest producer of oil and natural gas, registering 988 Mbbl / d of oil and 43.2 MMm3 / d of natural gas, totaling accumulated production (... Continue Reading →
3R Petroleum registered with the CVM the IPO request for shares on the Brazilian stock exchange. The objective is to raise funds for new acquisitions of oil fields in Brazil and to sustain investments in the revitalization of assets. Starboard, with a stake in the private equity fund Apollo, holds 52.3% of the capital of... Continue Reading →
Offshore helicopter operator Bristow Group will rename its Aeróleo division in Brazil to Bristow and remain focused on its support of the oil and gas industry and other vertical lift solutions. Aeróleo was an Era Group company and Bristow merged with Era, creating a new helicopter giant, back in June 2020. Continue reading
Petroleo Brasileiro SA has decided that when its office staff returns, they will be able to permanently work from home up to three days a week and in the office two days a week, the company said in a note on Monday. Petrobras, as the state-controlled oil producer is known, said participation will be voluntary.... Continue Reading →
Brazil’s lower house is set to vote on Tuesday to pass a bill that can further open up the natural gas market to private investors by breaking the monopoly held by state-controlled oil company Petroleo Brasileiro S.A. - Petrobras. If approved, the law could reduce natural gas prices in Brazil, says Congressman Laercio Oliveira, who... Continue Reading →
Aug 31, 2020 The National Energy Policy Council (CNPE) has confirmed the resumption of the auction schedule for oil and gas blocks in Brazil from 2021. One of these tenders will be the 17th Concession Round, the first in the country to offer six blocks beyond 200 nautical miles from the coast, in the Santos... Continue Reading →
Oil and gas giant Shell has tapped digital innovation specialist Bluware Corp for the supply of deep learning technology, which should speed up work with seismic data interpretation. Bluware Corp said it Monday it had deployed the Pickasso proprietary deep learning technology, a custom version of Bluware InteractivAI in Royal Dutch Shell PLC. "Bluware's technology... Continue Reading →
August 28, 2020 Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved the 2019 Annual Letter of Public Policy and Corporate Governance. The Annual Letter is a requirement of Law 13.303/2016 and Decree 8.945/2016 and is in line with the transparency requirements required by legislation. This Letter is intended for the general... Continue Reading →
Aug 28, 2020 Shell has extended, to the beginning of 2021, the deadline for submitting offers for chartering the FPSO of Gato do Mato, in the Santos Basin pre-salt. The last deadline reported by PetróleoHoje was September 1st. Santos Basin pre-salt project will be developed with FPSO with capacity to produce 90 thousand bopd. Source:... Continue Reading →
Aug 28, 2020 The ANP board approved the development plan for the Maromba field, in the Campos Basin, in addition to the contractual extension of its production phase, for another 27 years, expiring in 2060. The asset is operated by BW Energy (95%) , in partnership with Magma Oil (5%). According to BW Energy's plans... Continue Reading →
Brazil Energy Insight 