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In November 2007 Brazil’s national oil company, Petrobras, shocked the E&P world by announcing a 5-to-8-Bbbl discovery in a completely unknown geological play: carbonate reservoirs below a 2-km layer of salt, offshore Brazil, in a 2,000-m water depth. This announcement marked the beginning of a complete turnaround in the history of Brazil’s oil and gas... Continue Reading →
Cosan presented a proposal to buy the 51% stake in Gaspetro, a Petrobras subsidiary, which operates in the natural gas distribution market. The offer will be made through Compass, a company created by Cosan to concentrate investments in the gas and power generation market. Gaspetro holds stakes in 19 gas distributors, which exclusively operate local... Continue Reading →
(Bloomberg) --Canadian oil prices are poised to strengthen next year as Mexican heavy crude exports to U.S. Gulf Coast refineries dwindle, according to BMO Capital Markets. Heavy Western Canadian Select’s discount to the West Texas Intermediate benchmark could narrow to $5 to $7 a barrel next year, BMO said in a report Wednesday. Oil sands... Continue Reading →
Pipeline repair isn’t a frequent activity but when it is needed it’s a critical activity. New tools are being developed and demonstrated to also make it safer and more efficient, and yet challenges remain, such as higher pressure, deeper water, and bi-metallic pipeline repairs. Elaine Maslin reports Pipeline repairs are not that frequent. But the... Continue Reading →
(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor’s Diversified Services segment, was awarded a new approximately five-year contract under the consortium of CMgP, Consorcio Mantenimiento de Gasoductos del Peru, (Stork Peru S.A.C. and SICIM S.P.A.) by Compañía Operadora de Gas, S.A.C – COGA in Peru. Fluor booked the undisclosed contract value in the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil, partners in the offshore routes in the pre-salt Santos Basin, will announce contracts for sharing the natural gas pipeline and processing plants. Today, a virtual event will be held with the presence of Petrobras’ CEO, Roberto Castello Branco,... Continue Reading →
July 20, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release on March 13, 2020, informs that it has entered into a share purchase and sale agreement, regarding its remaining 10% interest in Transportadora Associada de Gás S.A. (TAG), with the group formed by ENGIE and Caisse de dépôt et placement du... Continue Reading →
July 7, 2020 The covid-19 pandemic and the barrel of oil price crisis will affect Petrobras' schedule for the public offering of shares (IPO) of the pre-salt gas pipelines (routes 1, 2 and 3), responsible for interconnecting the oil fields. region off the coast of Rio de Janeiro and São Paulo. Scheduled for 2020, the... Continue Reading →
July 03, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the press release disclosed on May 15, 2020, announces the beginning of the binding phase regarding the sale of its 10% remaining stake in Nova Transportadora do Sudeste S.A. (NTS). Potential buyers qualified for this phase will receive a process letter with detailed instructions... Continue Reading →
Brazil Energy Insight 