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May 14, 2020 UK based Premier Oil postponed the start of the drilling campaign in block CE-M-717, in the Ceará Basin, which was scheduled for July. In a note, the oil company announced the postponement of all activities in its exploration portfolio to reduce expenses, given the “current market conditions”. The company postponed all activities... Continue Reading →
UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands. The company said the $1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions. Continue reading
May 11, 2020 The domino effect triggered by the coronavirus pandemic is affecting the players in the oil and gas sector, piece by piece. This time, who suffered the fall - and severe, by the way - was the multidisciplinary platform maintenance segment. Petrobras decided to demobilize the maintenance activities of these units and suspend... Continue Reading →
Solstad Offshore has signed a pair of construction support vessels (CSV) to new contracts, reporting deals for CSVs Far Saga and Normand Energy. The Brazilian flagged CSV Far Saga secured a three-year contract from Petrobras. Continue reading
May 11, 2020 Petróleo Brasileiro S.A. – Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field. POÇO 9-BUZ-39DA-RJS Located in the Southeast area of the Búzios field, in the Santos Basin pre-salt, 210 km from Rio de Janeiro, the well... Continue Reading →
May 9, 2020 Petrobras' P-48 FPSO was one of the units which the company demobilized due to the coronavirus crisis. Recently, Petrobras demobilized several oil and gas production units due to the coronavirus crisis and the effects caused by it. Among these units was the company's FPSO P-48. After almost a month of standstill, the... Continue Reading →
May 8, 2020 Oil company plans to drill up to three wells in the Patola discovery area, in the shallow waters of the Santos Basin Karoon submitted a project to Ibama to drill two production wells and a contingent in the area of the discovery of Patola, in the south of the Santos Basin. The... Continue Reading →
The Covid-19 pandemic could see demand for umbilicals fall by 32 per cent this year, Rystad Energy impact analysis reveals. According to Rystad, expected demand could fall to just 713 kilometres of lines in 2020, from 1,041 kilometres last year. Continue reading
Rio de Janeiro, May 6, 2020 - Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), following best practices in corporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of April. 1. January figures account for a 70% stake in the Frade Field. The acquisition of the remaining 30% stake – announced... Continue Reading →
May 7, 2020 Petrobras should start in June a new exploratory campaign in the Campos Basin, in the CM-657 block, acquired in the 15th ANP Concession Round, in 2018. Although the company is postponing some works and cutting investments due to the Covid-19 crisis and the price of oil, the oil company is prepared to... Continue Reading →
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