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The US District Court of Texas has rejected a $250 million damage claim filed by Petrobras America against South Korean shipbuilder Samsung Heavy Industries (SHI). Samsung Heavy said on Monday in a stock exchange filing that the damage claim was submitted back in March 2019. Continue reading
The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms. A collapse of the offshore industry will have broad impact. Drillers and their suppliers have... Continue Reading →
Jun 23, 2020 Brazilian oil giant Petrobras has launched a quartet of tenders aimed at contracting a variety of helicopters to provide transportation services to support exploration and production efforts in the Campos and Santos Basins.
Jun 23, 2020 Operators have drilled 284 offshore exploratory wells reaching the pre-salt geological layer since 1980, finding oil and / or gas in at least 64% of them (182), according to ANP data obtained by PetróleoHoje. The account includes pioneer, stratigraphic, extension, adjacent and deeper deposited wells. Source: PetroleoHoje
Jun 23, 2020 Ocyan is celebrating the results achieved with its commitment to an innovative methodology for drilling wells in deep waters in Brazil. The company already accumulates 26 wells drilled using pressure controlled technology (MPD). The method, according to the company, guarantees greater operational safety in the development of complex projects. “When we started... Continue Reading →
Jun 23, 2020 Açu Petróleo carried out the first oil transfer operation using a Very Large Crude Carrier class vessel for Shell Brasil Petróleo. The transfer of approximately 2 million barrels of crude oil from the relief vessels Lena Knutsen and VigdisKnutsen, both operating for Shell Brasil Petróleo, to the VLCC Wasit. The Açu Petróleo... Continue Reading →
Jun 22, 2020 Brazilian production still feels the demand effects of the coronavirus pandemic and suffered a further drop in May. During the period, 2.77 million barrels were extracted per day, which represents a decrease of 6.52% in comparison with the previous month. Meanwhile, natural gas production also declined in May. Altogether, there were 114.3... Continue Reading →
Jun 22, 2020 Petrobras and Porto de Açu reached a new agreement to double the volume of oil handled by the state company at the terminal. With the agreement, the oil company will be able to transport up to 100 million barrels while the contract is in force, until March 2021. Last year, Açu... Continue Reading →
Jun 22, 2020 The drilling of the first exploratory well on Saturno, an area of the 5th Production Sharing Round, in the Santos Basin resulted in a duster. The conclusion and result of the campaign - carried out by the consortium formed by Shell (operator, with 45% stake), in partnership with Chevron (45%) and Ecopetrol... Continue Reading →
Jun 22, 2020 The Brazilian Institute of the Environment (Ibama) granted the Operation License for the platform vessel P-70, from Petrobras. The unit will be installed in the Atapu field, in the Santos Basin pre-salt. The document will be valid for four years. The P-70 will have the capacity to process 150,000 barrels of oil... Continue Reading →
Brazil Energy Insight 