Brought to you by Quest Offshore & Southern Cone Consultants
UK-based oil and gas technology development firm, Deep Casing Tools (DCT), has strengthened its footprint in the South American market with the appointment of a Brazil-based partner, Paschoalin Consultoria em Engenharia. The company will represent Deep Casing Tools within the region and act as a sales agent for its wide range of well lifecycle technologies,... Continue Reading →
PetroRio, a Brazilian independent oil company specialized in revitalizing mature oil fields, has excelled at using cutting edge recovery technology, and applying an efficient program of reservoir management to pinpoint mature fields with potential to increase recovery. Since 2014, PetroRio has been applying its strategy of only investing in mature field that are in production,... Continue Reading →
Brazil’s central bank shocked traders by intervening in the foreign exchange market for the first time in three months, selling dollars in two surprise auctions to prop up the real after it slumped to a record low. The currency pared losses after the second intervention and was down 0.3% on the day as of 4... Continue Reading →
Nov 26, 2019 Without revealing amount of investments, oil company announces number of wells for next year Petrobras will drill seven to eight exploratory wells in 2020. The information was released by the oil company's E&P director Carlos Alberto Oliveira during the 2nd Pre-Salt Petroleum Technical Forum, anticipating that most of the campaign will be... Continue Reading →
November 26, 2019 Petrobras found evidence of oil and gas in well 4-BRSA-1372-RJS, within the Marlim Leste block, in the Campos Basin pre-salt. The discovery took place in a water depth of 2,024 meters, according to data published by the National Petroleum Agency (ANP). The field has two FPSOs (P-53 and Cidade de Niterói), with... Continue Reading →
November 26, 2019 Petróleo Brasileiro S.A. - Petrobras announces that, regarding to the sale of 100% of its equity interest in Araucária Nitrogenados S.A. (ANSA) and in Nitrogen Fertilizer Unit III (UFN-III), the ongoing negotiations with Acron Group have been closed, without business execution. Nevertheless, Petrobras informs that its strategic position of fully exiting the... Continue Reading →
Norway's Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a "hotspot" of its international efforts, the company's exploration head said on Tuesday. The company will drill about 20-30 exploration wells on the Norwegian continental shelf, focusing on the North Sea, plus wells at the... Continue Reading →
The U.S. government will launch a “global entry” program for Brazilians traveling to the United States to allow expedited clearance for pre-approved, low-risk travelers upon arrival, the Brazilian government said on Monday. Brazilian business people who travel frequently to the United States have been waiting since 2012 - when the two sides were close to... Continue Reading →
November 25, 2019 Pre-Sal Petróleo SA (PPSA) estimates that the demand for new FPSOs could reach 28 new units to be installed between 2021 and 2030 to develop the reserves contracted under the production sharing model. There are a total of 17 exploration and production contracts signed between 2013 and this year, when TOR and... Continue Reading →
Nov 25, 2019 Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday. Samsung Heavy has admitted to paying about $20 million to... Continue Reading →
