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Strengthened by the recent bills approved by the government, the Permanent Offer of the National Petroleum Agency (ANP) will have its next auction on April 13, 2022, consequence of declaration of interest submitted by a company already registered in this auction modality. Thus, the 3rd Cycle of Permanent Offer begins, which will be carried out... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) is prepared to bid on Friday for new blocks in Brazil's deep-water oil fields, a focus area for its oil and gas production growth, people familiar with the matter said. Any bid would mark its first big investment since it decided to resume spending after a historic, $22.4 billion annual loss... Continue Reading →
Ibama gave the green light for TGS to proceed with the 2D seismic acquisition in the Campos Basin. The campaign, scheduled for 2022, but still without a start date, will cover 23,000 km of 2D lines. This is a multi-client project. Given the proximity, TGS will use the port of Rio de Janeiro as its... Continue Reading →
Drilling costs for the Kawa-1 exploration well, located offshore Guyana, are expected to increase as drilling operations are taking longer than expected. As a result, CGX Energy may seek additional funding options. Frontera Energy is the majority shareholder of and joint venture partner of CGX in the Petroleum Prospecting Licenses for the Corentyne block, where the... Continue Reading →
(Reuters) Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana, and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development. Brazil is set to receive bids on Friday for offshore oil reserves that analysts say are some of the most promising... Continue Reading →
Oslo-based subsea well intervention and installation services company AKOFS Offshore last week scored a three-year deal with Brazil's Petrobras for its vessel Skandi Santos. Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil, and IKM Subsea will take care of ROV services. Bravante will be responsible for marine services.IKM Subsea... Continue Reading →
The active portfolio management developed by Petrobras in 2021 resulted in the company's cash inflow of approximately US$4.8 billion by December 7th. These resources, which are essential for the company to be able to invest in assets that provide greater returns, are the result of the signing of the sale of 17 assets and the... Continue Reading →
The Brazilian group CBO announced this week the acquisition of another vessel to compose its offshore support fleet. The new vessel was built in 2011 and will be named CBO Wave. In addition, the vessel already has a signed contract to operate with Petrobras between 2022 and 2025. The CBO Wave is an RSV type... Continue Reading →
An offshore oil block in Ivory Coast controlled by Eni is expected to enter production in the second quarter of 2023 with daily output of 12,000 barrels of oil and 17.5 million cubic feet of gas, the Ivorian government said on Wednesday. Production will then ramp up in 2026 to between 75,000 and 100,000 barrels... Continue Reading →
(Offshore) Wood Mackenzie’s Global Upstream Outlook 2022 predicts a 9% increase in investments next year to more than $400 billion. The consultants expect more than 40 projects with resources of more than 50 MMboe to be sanctioned, with low-breakeven, low-carbon deepwater projects dominating greenfield final investment decisions. Fraser McKay, vice president upstream research, said: “Companies will allocate... Continue Reading →
Brazil Energy Insight 