Brazilian oil and gas company Petrobras has informed that the hull of the FPSO P-71 has arrived from China to a Brazilian shipyard for integration with other modules. Petrobras said on Tuesday that the hull of the FPSO P-71 had arrived in Espírito Santo on March 16. The trip began on December 12, 2019, when... Continue Reading →
BW Energy Slashes Gabon Spending Plans
Oil and gas company BW Energy, with assets in Gabon and Brazil, has decided to cut down its planned Gabon investments by 50 percent, citing coronavirus outbreak, oil price uncertainty, and restriction on international travel. "The impact of international travel restrictions is limiting the Company’s ability to move essential personnel, subcontractors and equipment to and... Continue Reading →
Brazil seeks state of emergency, Bolsonaro’s second coronavirus test negative
Brazil will seek authorization for a state of emergency to allow it to scrap fiscal targets and free up funds to combat the coronavirus crisis, the government said on Tuesday, as President Jair Bolsonaro announced his second COVID-19 test was negative. In a statement from the presidency, the government said it will ask Congress to... Continue Reading →
Oil collapse could lop 20% off exploration budgets in Brazil, consultancy says
The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged as one of the world’s hottest offshore oil plays, specialists at consultancy Wood Mackenzie told Reuters. Before oil prices collapsed in the wake of failed OPEC talks earlier this month, the consultancy had... Continue Reading →
Shell plans seismic on Saturno
March 17, 2020 Oil company is hiring data acquisition company to carry out the activity in the Santos Basin Shell submitted a 3D seismic research project to Ibama to obtain exclusive data on the Saturno block, in the Santos Basin. The campaign will last 180 days and is scheduled for July 2021. The work will... Continue Reading →
BP gains time for Pau Brasil
March 17, 2020 With ANP approval, the British operator will collect new seismic data in the block located in the Santos pre-salt The ANP approved the first revision of the exploration plan for the Pau Brasil area, aquired by BP Energy in the 5th Production Sharing Round, in 2018. According to the regulatory agency, the... Continue Reading →
Deepwater Acreage to Attract Investments
Deepwater acreage will continue to attract significant company interest through 2020, said a report. According to GlobalData, a significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter. In Q1 2020, approximately 60% of the acreage available in licensing rounds either open or... Continue Reading →
Golar Power to develop LNG import terminal in Brazil
Golar Power Ltd has signed a ‘protocol of intentions’ with the State Government of Pernambuco to develop an LNG import terminal in the Port of Suape, located in northeast Brazil. With operations scheduled to start in 2H20, the project includes infrastructure for the supply of natural gas and LNG to generate electricity, in addition to... Continue Reading →
Petrobras Suspends International Travel Due to Coronavirus
Brazilian state-run oil firm Petroleo Brasileiro SA has suspended employees' international travel amid the global health crisis caused by the coronavirus, according to a statement on Monday. Petrobras also said workers older than 65 years of age will have to work remotely.
Petrobras on E&P assets in the Pelotas Basin
March 16, 2019 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on 12/23/2019, announces the beginning of the binding phase related to the sale of part of its interest in exploratory blocks belonging to the BM-P-2 concession, located in the Pelotas Basin deep waters, in the state of Rio Grande do... Continue Reading →
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