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Jan 17, 2020 The ANP approved the resolution that deals with the procedures to control oil and natural gas burns and losses in E&P activities. The regulation revises ANP Ordinance No. 249/2000 and includes definitions of cases classified as ordinary burns, exempt from prior authorization, and procedures for authorization and validation of extraordinary burns. The... Continue Reading →
Jan 17, 2020 The ANP signed a contract with Ecology to prepare the Environmental Study of Sedimentary Area in the offshore part of the Sergipe-Alagoas / Jacuípe Basin. It will also be proposed an action plan for studies and research and monitoring, in order to expand the socio-environmental knowledge of the Basin and present data... Continue Reading →
Italian oil and gas company Eni has started oil production from its operated Agogo field, located offshore Angola, only nine months after its discovery. Eni announced “a major oil discovery” in Block 15/06, in the Agogo exploration prospect, in Angola’s deep water in March 2019. Eni operates two FPSOs in Block 15/06, the N’Goma in West... Continue Reading →
Italian oil major Eni and France's Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country's petroleum regulator said on Thursday. Eni and Total won operator rights to blocks 28 and 29 respectively in the offshore Namibe basin, while Angola's state... Continue Reading →
Jan 15, 2020 Petrobrás notified the National Petroleum Agency (ANP) of a discovery of oil evidence in the Marlim Leste field, in the Campos Basin, at a water depth of 1,226 meters in the well 9-MLL-83-RJS . The Marlim Leste field adopts two production development modules: the P-53, a FPU (Floating Production Unit) type platform;... Continue Reading →
London-listed oil company Tullow Oil will most likely not be drilling any wells offshore Guyana in 2020. In its trading update on Wednesday Tullow said it expected to report pretax impairments and exploration write-offs of around $1.5 billion. Tullow's write-offs include Jethro, Joe, and Carapa well costs in Guyana as a result of drilling results, the... Continue Reading →
January 15, 2020 - Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire stake in two sets of deep-water post-salt offshore concessions, namely Golfinho Cluster and Camarupim Cluster, located in the Espírito Santo Basin. The teaser, which includes key information about the... Continue Reading →
Tokyo, January 15, 2020 MODEC, Inc. ("MODEC") is pleased to announce that one of its Floating Production Storage and Offloading (FPSO) vessels has been selected by World Economic Forum, a Swiss-based non-profit foundation, to join the Global Lighthouse Network of leaders in applying the technologies of the Fourth Industrial Revolution. The FPSO Cidade de Campos dos... Continue Reading →
January 15, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release dated 10/31/2018, reports today that it completed the sale - to Petrovida Holding B.V. (Petrovida) - of the 50% equity interest held by Petrobras International Braspetro B.V. (PIBBV) in Petrobras Oil & Gas B.V. (PO&GBV). The transaction involved a total amount of... Continue Reading →
A strong 2019 provided telltale signs that the industry was entering a new offshore investment cycle, Espen Erlingsen, head of upstream research at Rystad Energy has said. Erlingsen said on Tuesday that this trend was perhaps illustrated most profoundly by the rising swell of offshore project approval activity by operators in 2019. Globally, the amount... Continue Reading →
Brazil Energy Insight 