(Portos e Navios) Seadrill is close to winning two new charter contracts with Petrobras, rebuilding its business portfolio in Brazil. The oil company hammered out the contracting of the West Tellus and West Carina drillships, offered in the tender for 2,400 m units. West Tellus and West Carina will be chartered at daily rates of... Continue Reading →
BW Energy wins two blocks in core areas off Gabon
Oil and gas company BW Energy, in partnership with Vaalco Energy and Panoro Energy, has been awarded two exploration blocks offshore Gabon, close to its Dussafu licence and within tie-back distance of existing infrastructure. According to its update on Monday, BW has been provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round... Continue Reading →
Still no decision from Petrobras over Albacora bids despite reports
Following reports that a consortium between Brazil’s PetroRio and Vinci’s subsidiary Cobra has been chosen as the top bidder for Petrobras’ Albacora offshore oilfield, PetroRio is awaiting notification from Petrobras about the process while Petrobras has said there is still no decision about the winning proposal. Citing people with knowledge of the matter, Reuters reported on Thursday... Continue Reading →
Only Shell, Ecopetrol place bids in disappointing Brazilian oil round
(Reuters) - Brazil failed to sell off exploration and production rights in the most promising offshore oil blocks up for sale on Thursday, as its first oil auction since the start of the COVID-19 pandemic brought just 37.1 million reais ($6.7 million) into state coffers. In total, there were 92 blocks up for grabs in... Continue Reading →
Petrobras on divestment of Albacora and Albacora Leste
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news in the media about the divestment project of the Albacora and Albacora Leste fields, in the Campos Basin, informs that there is still no decision about the winning proposal for either asset. The company continues to analyze the offers according to the evaluation criteria of... Continue Reading →
FPSO CARIOCA MAKES ITS FIRST OIL TRANSFER OPERATION IN THE SEPIA FIELD, IN THE SANTOS BASIN
(PetroNoticias) The first oil transfer operation of the FPSO Carioca – the first definitive production system installed in the Sepia field, in the Santos Basin pre-salt – destined oil for the production of oil products at the Henrique Lage Refinery (Revap ) and at the Paulínia Refinery (Replan), in São Paulo. The oil produced in... Continue Reading →
Chevron, Shell, Total among potential bidders in Brazil oil auction
(Reuters) - Brazil is set to sell off exploration and production rights in dozens of offshore oil producing blocks on Thursday, in an auction that is small by local standards but will offer opportunities for majors to snap up potentially prolific assets. In total, there are 92 blocks up for grabs in four offshore zones... Continue Reading →
Yinson on track with FPSO conversion for Petrobras
Malaysian FPSO provider Yinson is on track with an FPSO conversion project for a Petrobras-operated project off Brazil with topside module integration currently in progress. Yinson on Thursday shared an update on the progress of its Anna Nery FPSO, which will work for Petrobras on the Marlim 2 oil field in the Campos Basin. The... Continue Reading →
Report: PetroRio-Cobra Win Bid to Acquire Petrobras’ Albacora Offshore Field
Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France's Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said. The PetroRio-Cobra bid topped a competing offer placed by a consortium composed of private equity firm EIG Global... Continue Reading →
Brazilian Independents Increased Production in 3Q 2021
3R Petroleum recorded an average production of 6,752 barrels of oil equivalent (boe) per day in 3Q 2021, compared to 5,635 boe/d recorded in the previous quarter. -- Most of the increase in production took place with the start of production of the Rio Ventura cluster, in Bahia, acquired from Petrobras in 2020. -- Production... Continue Reading →
Brazil Energy Insight 