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I admire the tenacity of the Brazilian prosecutors... Jan 9, 2020 The loss was almost R$5.5 billion in contributions from Petros, Funcef, Previ and Valia in the fund created by Sete Brasil. The company built platforms for pre-salt exploration. Task Force Greenfield filed a new complaint against 29 people responsible for the management of the... Continue Reading →
The Brazilian government is studying a mechanism that would cushion the potential impact of spikes in international oil prices on local fuel prices, energy minister Bento Albuquerque said on Thursday. The recent surge in oil prices, following events in Iraq, caused Brazil’s President Jair Bolsonaro to call a meeting this week with Petrobras and energy... Continue Reading →
JAN 8 , 2020 SOTREQ Caterpillar dealer will supply a package consisting of seven 3.45 MW gas generators to Eneva, which is responsible for gas exploration in the Azulão field. It is a project that will be integrated with TPP Jaguatirica II, in Roraima. After liquefied and stored in the Azulão, the gas will be... Continue Reading →
Jan 8, 2020 About four months after starting drilling in block S-M-623, where the Sagitario prospect is located, Petrobras made its first notification of oil evidence in the area. The discovery took place at well 3-BRSA-1370-SPS, at 1,841 meter water depth, which is being drilled with the ODN I rig. The resumption of exploratory activity... Continue Reading →
January 9, 2019 Number of authorizations for seismic and drilling campaigns increased over previous year Ibama authorized, last Wednesday (8/1), SpectrumGeo to carry out a 2D seismic campaign in the Pará-Maranhão Basin. In the licensing process, it is stated that the BGP Pioneer vessel, from Chinese BGP, will conduct the work. The issuance of environmental... Continue Reading →
Rising oil prices are bolstering the numbers of floating production systems on-order or in the planning stage, with fresh orders from Northern Europe and Brazil merely adding to a buoyant market, a new report says. In the doldrums just a few years ago, the market for floating production and storage units (FPSO); floating liquefied natural... Continue Reading →
Oil and gas company Premier Oil has hired a Valaris-owned drillship for operations on Block 717 located offshore Brazil. In an update on Tuesday, Premier said it had contracted the Valaris DS-9 drillship to drill the Berimbau/Maraca stacked prospects on Premier’s operated Block 717 in the Ceara Basin in Brazil. The well is scheduled to... Continue Reading →
Rystad said that, in absolute terms, Brazil experienced the second greatest drop in opex per boe, falling from $16 per boe in 2014 to $11 per boe in 2019. This reduction was driven primarily by a significant increase in production, especially from the giant Lula field. Across the globe, opex per boe in Norway is... Continue Reading →
Jan 7, 2020 Pre-Sal Petróleo (PPSA), which is responsible for representing the Union in the production sharing agreements, has signed with Petrobras an agreement for the commercialization of the gas production of the Union of Southwest Tartaruga Verde Field. The agreement will be effective from January 1 to December 31, 2020 and provides that the... Continue Reading →
Jan 3, 2020 Equinor forecasts two FPSOs for Carcará Equinor will install two FPSO-type platforms to produce oil and gas in Carcará, in the Santos Basin pre-salt. The first production unit, with a capacity of 220,000 barrels per day of oil and 15 million m³ / day of natural gas, will be the largest in... Continue Reading →
Brazil Energy Insight 