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March 6, 2020 ExxonMobil CEO Darren W. Woods, during a presentation to investors at the New York Stock Exchange (NYSE), said that the company plans to expand exploratory activity in Brazil this year and in 2021. He did not give details about the activities, but, as published, the oil company is expected to drill a... Continue Reading →
Mar 04, 2020 New worldwide standard for sulphur rates in marine fuels has generated an unique opportunity for the company Petrobras has set a new record this year in February for fuel oil exports, reaching the 238 thousand barrels per day mark and exceeding one million tons this month. The new world standard for marine... Continue Reading →
Mar 4, 2020 Claudio MakarovskyThe executive Claudio Makarovsky left Siemens and will take over the Manufacturing Industries division of Microsoft. In the new role, he will be responsible for the area that serves companies that seek digitalization, including oil and gas. Makarovsky had been with Siemens for five years. Currently, the executive occupied the position... Continue Reading →
Brazil’s currency is weakening so quickly the central bank may soon be forced to set aside its free-market principles and sell dollar reserves to halt the slide. Market volatility is rising, by some measures back to where it was when the central bank last sold foreign exchange reserves in November, and some analysts say the... Continue Reading →
March 04, 2020 Petróleo Brasileiro S.A. - Petrobras informs that the Extraordinary General Meeting, held today, at 3:00 pm, in the auditorium of the Company's Headquarters, Avenida República do Chile, 65 - 1º floor , in the city of Rio de Janeiro (RJ), analyzed and approved, by majority vote, the following: Merger of Petrobras Negócios... Continue Reading →
Seismic services provider PGS is back in Brazil in 2020 with a Ramform Titan-class vessel to acquire the first GeoStreamer X MultiClient 3D seismic survey in the region. The Campos Deepwater GeoStreamer X project will deliver high-quality, long offset, multi-azimuth seismic data over the deepwater portion of northern Campos Basin and the first data will... Continue Reading →
Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield. Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential. The Mero oilfield is being managed by the Libra Consortium, made up of a partnership between Petrobras, Total,... Continue Reading →
March 2, 2020 French oil company expects to reach average production of 150,000 barrels a day in the country in five years Enthusiastic with the portfolio built in Brazil in recent years, the French oil company Total plans to invest between US $ 600 million and US $ 700 million per year in exploration and... Continue Reading →
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil, this buoyant market is kept strong by new players, new business models... Continue Reading →
February 28, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/03/2020, referring to the sale of part of its equity interest in the concessions BMPAMA-3 and BM-PAMA-8, located in the Pará-Maranhão Basin, reports that it has extended until 03/05/2020 the deadline for companies to send the documents foreseen in the... Continue Reading →
Brazil Energy Insight 