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(TN) Porto do Açu and Gás Natural Açu (GNA) announced the realization of R$ 6 billion of investments in infrastructure and energy in Porto do Açu, located in the northern region of Rio de Janeiro. Investments include works to expand road access to the port, the construction of a rail branch and the laying of... Continue Reading →
Brazil’s port and maritime logistics operator Wilson Sons is anticipating an increase in the FPSO demand and has already cornered the Brazilian market by serving 70 per cent of the chartered FPSOs in the country. The company explained on Tuesday that the estimates of the oil and gas sector indicate growth, with new FPSO units... Continue Reading →
(PN) The FPSO Guanabara is almost ready to start oil production in Campo de Mero, located in the Libra Block, in the pre-salt layer of the Santos Basin. The platform will be part of the first definitive system to operate in Mero, the third largest pre-salt field (after Buzios and Tupi). The unit will be... Continue Reading →
(Offshore Energy) CGX Energy and Frontera Energy have made a discovery at the Kawa-1 well located on the Corentyne block offshore Guyana, reinforcing the belief in the potentially transformational opportunity for the JV in the country. The two have now also committed to drill the second well on the block in the second half of... Continue Reading →
(Portos e Navios) Subsea 7 is close to winning another EPCI SURF (undersea collection system) contract with Petrobras. With a proposal of US$ 6.609 billion, the company presented the best price in the oil company's bid for the 8th module of the Buzios field, displacing Saipem, second place, which offered the value of US$ 7.311... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 9.88 billion barrels of oil equivalent (boe), as of December 31, 2021. Oil and condensate, and natural gas correspond to 85% and 15% of this total, respectively. In 2021,... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) next month plans to start production at its second oil platform in Guyana, a person familiar with the matter said on Tuesday. Guyana is one of Exxon's top bets for production growth. Its recent discoveries are expected to drive recoverable oil and gas volumes beyond 10 billion barrels, the person said.... Continue Reading →
(PetroleoHoje) Ibama renewed Petrobras' seismic survey license in the Marlim, Voador and Albacora fields, in the Campos Basin. The validity of the authorization has been extended until January 5, 2023. This is 3D/4D Multiazimuth marine acquisition. The company responsible for the acquisition is Shearwater Geoservices. Activity, resumed on July 3, 2021, will cover 1,412 km².... Continue Reading →
ONGC Videsh Limited (OVL), a subsidiary of Indian national oil firm ONGC, has said it has entered a development stage for a deepwater gas project in Brazil. The company had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4, Brazil, located in the Sergipe Alagoas Basin. Petrobras is the operator of... Continue Reading →
(Reuters) - Brazilian oil firm Enauta (ENAT3.SA) has cut investment in the Santos basin's Atlanta field, as it decides whether to involve new partners in the asset, the company's president, Décio Oddone, told Reuters. After a review of the project's concept, based on lessons learned, the company estimates investments of between $500 million to $600 million, compared... Continue Reading →
Brazil Energy Insight 