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An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels... Continue Reading →
Oct 21, 2019 The National Council of Energy Policy - CNPE, approved the blocks for the 17th Bidding Round, in the Concession modality, scheduled for 2020. 128 blocks will be offered in the maritime sedimentary basins of Pará-Maranhão, Potiguar, Campos, Santos and Pelotas, totaling 64.1 thousand km². The blocks selected for the event are in... Continue Reading →
Houston-based Helix Energy Solutions recorded an increase in its quarterly profit boosted by higher utilization in the well intervention business in the Gulf of Mexico and Brazil. In its quarterly report on Monday, Helix said it had recorded a net income of $31.6 million for the third quarter of 2019 compared to $27.1 million for... Continue Reading →
October 21, 2019 Shell announced the sale of 30% of its stake in the project Gato do Mato, which includes exploratory blocks BM-S-54 and Sul de Gato do Mato, in the Santos Basin, to Ecopetrol. With this operation, which has to be approved by the National Petroleum Agency (ANP) and the Administrative Council for Economic... Continue Reading →
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured a letter of award to provide a 3D ocean bottom node (OBN) survey offshore Brazil. Fugro said on Monday that the 410 square kilometer survey in the Santos Basin has a contract value of over $50 million. The company added that the survey would... Continue Reading →
Karoon Energy has signed a marketing agreement with Shell West, a member of the Royal Dutch Shell group, to trade and ship crude oil production from the Baúna field located offshore Brazil. The Baúna field, located in the Santos Basin off the coast of the state of São Paulo, started its operations in February 2013... Continue Reading →
Oct 18, 2019 Project forecasts supply of thermoelectric plant in Roraima with natural gas produced in the field Eneva has begun construction of the Azulão field liquefaction terminal in the Amazon Basin. The integrated project also includes the installation of a gas treatment unit and the construction of a thermoelectric plant in the municipality of... Continue Reading →
October 18, 2019 Petróleo Brasileiro S.A. – Petrobras informs that, within its ongoing process of contingencies assessment, it will provision R$ 3.2 billion as a result of: (i) litigation involving the company Sete Brasil, (ii) environmental process in the state of Paraná; and (iii) disputes on special participation and royalties involving the National Agency of... Continue Reading →
Oct 18 ,2019 Field areas in the Campos Basin should be included in the ANP permanent offer regime. Petrobras informed the ANP of its interest in voluntarily returning the areas of modules 1 and 2 of the Espadarte field in the Campos Basin. If the order is approved, the areas - which have not been... Continue Reading →
October 17, 2019 Petrobras plans to begin production testing on its Sergipe deepwater discoveries in November, the company told the National Petroleum, Natural Gas and Biofuels Agency (ANP). The project had to be postponed for one year for maintenance at FPSO Cidade de São Vicente. The agency's board approved the new project schedule on... Continue Reading →
Brazil Energy Insight 