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Jul 17, 2020 The president of the Brazilian Petroleum Institute (IBP), Clarissa Lins, recently revealed, during an online broadcast, that this year's Rio Oil & Gas will be done entirely in digital format. The event will be held between December 1st and 3rd, on an exclusive online platform for the fair. According to the IBP,... Continue Reading →
Jul 16, 2020 The Oil and Gas Climate Initiative (OGCI), a group made up of large oil companies to respond to the O&G industry's global change, announced today a new emission reduction target. The consortium aims to reduce from 20 kg to 21 kg of CO2 for each barrel of equivalent oil sold in the... Continue Reading →
July 16, 2020 Petrobras will demobilize the FPSO Piranema Spirit, installed in the Piranema field, in Sergipe, in April 2021. The Brazilian oil company notified Altera Infrastructure (formerly Teekay Offshore) about the demobilization date about a month ago, in compliance with a contractual procedure that requires notice ten month prior notice. The demobilization of the... Continue Reading →
Jul 17, 2020 BP Energy initiated the licensing of an exploratory well in the BM-C-35 block, in the Campos Basin. It intends to start the campaign in August 2022 and the well is part of the commitment made to the ANP in the Discovery Assessment Plan (PAD) of the Basilisco prospect. After Petrobras' decision to... Continue Reading →
Jul 16, 2020 Wintershall DEA started the licensing process for an exploratory well in the area of block CE-M-601, in deep waters of the Ceará Basin. The vertical well will be drilled in a 2000 m water depth slide and the company expects to find oil, with an average estimate of 24º API. The CE-M-601... Continue Reading →
Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 2020. Norway's Rystad earlier this week said that, apart from the Sangomar FPSO ordered by... Continue Reading →
July 16, 2020 Petróleo Brasileiro S.A. – Petrobras informs that the Oil and Gas Climate Initiative (OGCI), an organization which Petrobras is a member, established a new collective target to reduce the carbon intensity of upstream operations. The new collective target sets an intensity between 20 kg and 21 kg CO2 for each barrel of... Continue Reading →
July 15, 2020 BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced its operational update for the three-month period ended June 30, 2020 (“2Q2020”). All figures are... Continue Reading →
July 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2019, informs that it has finalized today the sale of its entire participation in two onshore production fields (Ponta do Mel and Redonda), located in the Potiguar Basin, in the state of Rio Grande do Norte, to Central Resources do... Continue Reading →
July 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/24/2019, reports that it has today completed the sale of its entire stake in the ten fields that comprise the Pampo and Enchova Clusters, located in shallow water in the Campos Basin in the state of Rio de Janeiro, to... Continue Reading →
