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(PN) Petrobras' long-awaited exploratory program in Foz do Amazonas, on the Brazilian Equatorial Margin, should finally get off the ground in the coming months. According to the company's director of exploration and production, Fernando Borges, the first drilling in the area should take place in November, in a water depth of 2,800 meters. “The licensing... Continue Reading →
The General Superintendence of the Administrative Council for Economic Defense (Cade) approved the acquisition, by BW Energy Maromba do Brasil, of the entire interest in the Golfinho and Canapu fields, 65% of interest in block BM-ES-23 and 100 % interest in the Camarupim and Camarupim Norte fields (Cluster Camarupim), all currently held by Petrobras. The... Continue Reading →
(TW) Keppel Corp might be looking to exit the offshore market, but it is not stopping the company from trying to hook offshore contracts from Petrobras worth up to SGD 8bn ($5.8bn). The Singapore-listed company said Wednesday that it was is in advanced discussions with the Brazil oil major for the P-80 floating production storage... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras confirms the discovery of natural gas accumulation in the Uchuva-1 exploratory well, drilled in deep waters of Colombia, 32 kilometers off the coast and 76 kilometers from the city of Santa Marta, in a water depth of approximately 830 meters. The Uchuva-1 well was drilled in the Tayrona Block, with... Continue Reading →
TotalEnergies has made a final investment on the $850 million Begonia project in Block 21, Angola. The project is the first development of block 17/06, 150 kilometers off the Angolan coast, in agreement with concession holder Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and its partners on Block 17/06. The Begonia development will consist... Continue Reading →
- Once again we delivered solid quarterly results. According to our CFO, Rodrigo Araujo Alves, “Second quarter results show the resilience and strength of the Company, which is able to generate sustainable results, following its trajectory of value creation. In line with our commitment to distribute our results, we approved a shareholder remuneration of R$... Continue Reading →
Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. – Petrobras, based on the agreement signed in February 2020. The Eagle Crato was unveiled at a naming ceremony held at the Samsung Heavy Industries... Continue Reading →
(OEM) Italian oil and gas company Eni has drilled and tested an exploration well in waters offshore Ivory Coast (Côte d’Ivoire), delivering a 25 per cent increase to the field’s reserves. Eni revealed on Thursday it has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and the second discovery on... Continue Reading →
2P reserves in the Atlanta field, in the Santos Basin, belonging to Enauta, went from 105.7 million barrels on December 31, 2021 to 155.7 million barrels on June 30, 2022. This is a 47% increase in 2P (Proved and Probable) reserves of the area. The new certification was carried out by the independent consultancy Gaffney,... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 11/05/2021 and 01/25/2022, and regarding the news published in the media about the divestment process of Albacora, in the Campos Basin, clarifies that Albacora is part of the portfolio of assets for sale by the company, as disclosed in the Strategic Plan 2022-2026.... Continue Reading →
Brazil Energy Insight 