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Apr 17, 2020 Petrobras temporarily paralyzed part of the Gaslub Itaboraí project (formerly Comperj), which includes the construction of the Rota 3 gas pipeline and the natural gas processing unit (UPGN). The measure complies with the letter from the Municipal Health Secretariat of Itaboraí (RJ), issued on March 23, which requests the interruption of 70%... Continue Reading →
Apr 16, 2020 The storm that has come in the oil and gas sector will not change Petrobras' direction. Despite the strong devaluation of the price of a barrel of oil, the president of the state-owned company, Roberto Castello Branco, guaranteed that the company will not change its position to focus its efforts on exploration... Continue Reading →
Weatherford International saved an operator 27.5 hours of deepwater rig time with an Integrated Completion Solution it developed to install downhole equipment in the Santos Basin, offshore Brazil. “A deepwater challenge is the ultimate equation of time equals money and Weatherford saved this operator more than 27 hours of rig time,” said Brent Baumann, President,... Continue Reading →
April 14, 2020 The ANP has postponed the deadline for submitting the declarations of commerciality of the discovery assessment plans (PADs) of Quindim (1-BRSA-936D-ESS) and Brigadeiro (1-BRSA-926D-ESS), in block ES-M-525 , in the Espirito Santo Basin. Petrobras, operator of the block, will have another 785 days, counting from July 8, 2019, to deliver declarations of... Continue Reading →
Apr 14, 2020 The federal government created a new program that aims to modify the rules of the next auctions for oil and gas fields in Brazil. The information is contained in a decree published in today's edition of the Diário de Oficial da União. The text says that the objective is “to increase the... Continue Reading →
April 13, 2020 Allocation of the replicating FPSO has been challenging Petrobras' boards and technical teams for years Although Petrobras' current Business Plan (PN) provides for the installation of the FPSO P-71 in the Lula Recovery Factor field (Lula FR, formerly Lula Oeste), the FPSO's fate is still open - with the Itapu field appearing... Continue Reading →
April 8, 2020 Petrobras and Modec are close to signing the FPSO charter contract Anita Garibaldi, which will be installed in the Marlim field, in the Campos Basin. The formalization should take place in April, about six months after the signature of the letter of intent, in mid-October 2019.
Apr 7, 2020 The production plant of the FPSO Búzios VI, scheduled to go into operation in 2024, in the area of transfer of rights, may have its capacity expanded to 225 thousand bopd, compared to the original forecast of 180 thousand bopd. The E&P area of the oil company evaluates the possibility of increasing... Continue Reading →
Exxon Mobil Corp said on Tuesday that production at the Payara project, its third development in Guyana, could be delayed due to delays in government approvals as the company scales back spending elsewhere due to the crude price crash. Payara's startup had been slated for "as early as 2023" and was expected to eventually produce... Continue Reading →
Oil major ExxonMobil is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakness from the COVID-19 pandemic. Capital investments for 2020 are now expected to be about $23 billion, down from the previously announced $33 billion,... Continue Reading →
Brazil Energy Insight 