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(Reuters) Petrobras expects to conclude negotiations with Chinese partners this year for the development of excess volumes from the Búzios field, in the Santos Basin pre-salt, and could buy part of the partners if "by chance" they want to sell, he said on Thursday. the president Roberto Castello Branco. The block with excess volumes of... Continue Reading →
Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil and Total outperformed all its peers, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as the French company not only excelled in financial and operational performance but also was... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that has identified the presence of hydrocarbon in the wildcat well of block C-M-411, located in the pre-salt of the Campos Basin, in Rio de Janeiro state. The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast, in water depth of 2,950 meters, being... Continue Reading →
The Australian oil company Karoon Energy announced the plans for the acquisition of necessary equipment for the Patola field, in the Santos basin. The agreement was signed with TechnipFMC and provides for long-term items that will be used in the development of the asset. The information was disclosed in the company's financial and operating balance... Continue Reading →
The president of Petrobras, Roberto Castello Branco, said this Thursday that the state company should increase its exploratory activity over the next few years. According to the executive, the company will drill up to 58 wells by 2025. The number represents an increase of 50% in comparison with the five-year period from 2016 to 2020,... Continue Reading →
(Reuters) - Three consortia including Asian shipyards are preparing to compete to build Brazil’s Petrobras’ first two in-house platforms in more than seven years, according to four people familiar with the tender who declined to be named as the information is private. Samsung Heavy Industries Co, Hyundai Heavy Industries Holding Co Ltd and Daewoo Heavy... Continue Reading →
Brazilian oil and gas company Enauta, formerly known as QGEP, has once again been forced to stop production from the only producing well on the Atlanta field to replace a faulty heater only a day after restarting it following a shutdown in November 2020. The Atlanta field Early Production System started production in May 2018, almost two... Continue Reading →
Enauta announced the return of the operation of one of the production wells in the Atlanta field, in the Santos basin. Active production had been halted since November 2020. The 7-ATL-4HB-RJS well was initially producing 11,000 barrels of oil per day. Enauta plans to put into production the second well in the field (7-ATL-3H-RJS) still... Continue Reading →
Pipe producer Tenaris and Subsea 7 have signed an agreement for the supply of pipes and coating services for Bacalhau project offshore Brazil. Equinor is the operator of Bacalhau project, located 185 kilometres off the coast of São Paulo in Brazil. Discovered in 2012, the Bacalhau oilfield sits in the pre-salt area of the Santos Basin at a depth... Continue Reading →
Oil and gas producer Hess Corp on Monday forecast a small drop in output and set a $1.9 billion budget for 2021, most of which will go to Guyana, touted as one of the most important new oil and gas discoveries in the last decade. The company has been relying on its investment in offshore... Continue Reading →
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