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February 14, 2020 The Working Group set up by determination of the National Council for Energy Policy (CNPE) concluded on the feasibility of offering exploratory areas for oil and gas beyond 200 nautical miles in the 17th bidding round of the National Petroleum Agency (ANP), foreseen for the second semester. The information was provided by... Continue Reading →
February 14, 2020 Last Friday (14), Shell began the licensing process for nine new wells in the exploration blocks CM-659 and CM-713, in the Campos Basin pre-salt, and aquired by the company in the 16th bidding round of the National Petroleum Agency (ANP). The licensing process at Ibama started shortly after the signing of the... Continue Reading →
Italian oil and gas company Eni has made a new oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico. According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in place, Eni... Continue Reading →
Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020 with pricing expected to remain competitive, according to market research provider Westwood Global Energy Group. Westwood said on Thursday that contractors would need to remain focussed on profitability and avoid being locked into low-margin purgatory. The company identified that... Continue Reading →
February 14, 2020 In partnership with BP and Equinor, company prepares first production sharing well in the basin In March, Petrobras plans to start drilling the first exploratory well in Dois Irmãos, in the Campos Basin pre-salt. The location of the well, in the area purchased in the 4th Round of Sharing, has already been... Continue Reading →
FEB 12 , 2020 Minister of Mines and Energy, Bento Albuquerque, launched the Ten Year Energy Plan (PDE 2029), a document that brings an indication of the prospects for future expansion of the energy sector for the next decade. For the oil and gas sector, in particular, the projections are encouraging. The government estimates that... Continue Reading →
Offshore drilling contractor Noble Corporation and oil major ExxonMobil have announced the execution of a unique commercial enabling agreement for drilling services in the Guyana-Suriname Basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble’s fleet. The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden, and Noble... Continue Reading →
FEB 10, 2020 The National Petroleum Agency (ANP) will hold the signing ceremony for the 16th Bidding Round and the 1st Permanent Bidding Cycle next Friday (14). The event will take place at the their central office, in Rio de Janeiro, from 11 am and marks the beginning of expectations for new investments in the... Continue Reading →
Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday. Exxon Mobil and partners Hess Corp and China's CNOOC Ltd inaugurated oil output in December at the... Continue Reading →
Houston-based subsea engineering company Oceaneering has been awarded a contract for comprehensive riserless light well intervention (RLWI) services offshore Angola in Blocks 18 and 31 by oil major BP. Oceaneering said on Monday that the value of this award was reflected in the company’s December 31, 2019, subsea products backlog. In connection with this contract,... Continue Reading →
Brazil Energy Insight 