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Apr 16, 2020 The storm that has come in the oil and gas sector will not change Petrobras' direction. Despite the strong devaluation of the price of a barrel of oil, the president of the state-owned company, Roberto Castello Branco, guaranteed that the company will not change its position to focus its efforts on exploration... Continue Reading →
Apr 15, 2020 In March 2020, Wilson Sons recorded eight years without lost time accidents at its offshore support bases, a milestone in the oil and gas sector. There were 4.6 million man-hours worked in dozens of operations along the Brazilian coast. The new record reinforces the Company's commitment to the well-being of its employees,... Continue Reading →
This report is aimed at providing detailed information on collection of taxes and participations made by Petrobras S.A. in 2019, on a cash basis. Read Report - PBR 2019 Tax Report
April 16, 2020 MME is working to carry out the 2nd Permanent Offer Auctions in the second half of this year, said Minister Bento Albuquerque, during a webinar held by FGV, in partnership with the EPBR agency, on Wednesday (4/15). Of the four rounds planned for this year - 17th of Concessions, 7th of sharing... Continue Reading →
Weatherford International saved an operator 27.5 hours of deepwater rig time with an Integrated Completion Solution it developed to install downhole equipment in the Santos Basin, offshore Brazil. “A deepwater challenge is the ultimate equation of time equals money and Weatherford saved this operator more than 27 hours of rig time,” said Brent Baumann, President,... Continue Reading →
Apr 15, 2020 The activities for the second phase of development of Equinor's Peregrino field, in the Campos Basin, were delayed by approximately two months, according to two sources with knowledge of the subject, in view of logistical difficulties related to the new coronavirus. Peregrino is Equinor's largest offshore operation outside Norway and currently produces... Continue Reading →
Apr 14, 2020 The resumption of operation of the platforms of the Polo Garoupa, in the Campos Basin, will depend on the result of the divestment operation of Petrobras, said managers of the state-owned company in a meeting with the Federation of Oil Workers (FUP), on Tuesday (14/4) . Since the end of March, Petrobras... Continue Reading →
Apr 15, 2020 The oil companies operating in Brazil disbursed, in 2019, approximately R $ 1.9 billion in research, development and innovation projects. Despite the amount being lower in comparison with the previous year (decrease of 4.5%), companies kicked off a large volume of projects that promise to bring many advances to the exploration and... Continue Reading →
Brazilian offshore drilling services provider Ocyan has launched Ocyan Waves program, where start-ups can register and provide their solutions for Ocyan's internal challenges. Startups should seek innovative solutions to the challenges selected by Ocyan in the space of Intelligent Alarm Management System; Digital Twin of BOP (Subsea Blowout Preventer); Real-time BOP fluid analysis; Self-service in... Continue Reading →
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the world’s planned licensing rounds to be canceled this year due to the combined effect... Continue Reading →
Brazil Energy Insight 