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(PN) According to new consolidated data, the National Petroleum Agency (ANP) is forecasting investments of around US$1.5 billion in exploratory activities this year. For the period between 2025 and 2028, the estimated amount is US$2.3 billion. Drilling is the activity that will have the greatest impact on the investments planned for 2025, with US$1.1 billion... Continue Reading →
(PN) Petrobras released the bidding notice earlier this week and the competition for the platform contract has eight pre-qualified competitors: Modec, Shapoorji, Yinson, MISC, BW Offshore, SBM Offshore, MISC, Ocyan and Altera (the latter two companies, as is known, work in partnership in the Altera & Ocyan joint venture). The opening of the envelopes with... Continue Reading →
(PN) PRIO announces the drilling of the company's first greenfield project, the Wahoo field, in the Campos Basin. The announcement was made by the company's president, Roberto Monteiro, on his LinkedIn profile. "The project, which began this month, is a milestone in our strategy of developing mature fields through subsea connections (tiebacks) and reflects the... Continue Reading →
(Reuters) - Brazilian oil firm Petrobras needs to be granted an environmental license to drill in the sensitive Foz do Amazonas region by the end of April or it will run out of time before the contract with a drilling vessel ends in October, according to a document presented by the government. The document, which... Continue Reading →
(OE) BP Trinidad and Tobago has taken the final investment decision (FID) for the Ginger gas development offshore Trinidad and Tobago, while marking the exploration success at its Frangipani well. Taking FID on Ginger and discovering gas at Frangipani are the latest demonstrations of upstream activity this year for BP, in line with its strategy... Continue Reading →
(OE) China National Offshore Oil Company (CNOOC) has posted an 11.4% net profit growth in 2024, marking a record year of oil and gas production, which has been increased by 7% compared to a year earlier. In 2024, CNOOC recorded a net oil and gas production of 726.8 million barrels of oil equivalent (BOE), a... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has identified the presence of hydrocarbons in the Campos Basin pre-salt, in an exploratory well of Norte de Brava block. Well 1-BRSA-1394-RJS is located 105 km from the state of Rio de Janeiro, at a water depth of 575 meters. The drilling of the well has been... Continue Reading →
(Reuters) - Vitol will buy stakes in West African oil and gas assets from Italy's Eni, bolstering the global commodity trading house's position in the upstream sector, as it seeks to reinvest the huge profits it has been generating since 2022. The commodity trader will acquire an interest in oil and gas producing assets and... Continue Reading →
The president of Petrobras, Magda Chambriard, met this Thursday, 13/03, with the president of Guyana, Mohamed Irfaan Ali. They participate in CeraWeek, an Energy conference held in Houston, USA. Magda and Irfaan Ali discussed opportunities in the exploration and production of oil in Guyana's deep waters and other possibilities for South-South cooperation, aimed at the... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has identified the presence of hydrocarbons in the Santos Basin pre-salt, in an exploratory well of Aram block. Well 4-BRSA-1395-SPS is located 245 km from the city of Santos-SP, at a water depth of 1,759 meters. The well is currently being drilled, and the hydrocarbon-bearing interval has... Continue Reading →
