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Malaysian FPSO provider Yinson has been awarded two letters of intent by Petrobras for the charter, operations, and maintenance of FPSO Marlim 2 for the Marlim revitalization project in Brazil. The LOIs were issued to Yinson Production Pte Ltd (YPPL), an indirect wholly-owned subsidiary of the Yinson. Following the LOIs, the charter contract will be... Continue Reading →
Oct 15, 2019 Financing obtained by Australian oil company from ING Bank will have a maturity of four years Karoon has signed a US $ 275 million line of credit for the acquisition of the Baúna field in the southern Santos Basin. With a four-year maturity, funding from ING Bank N.V's Singapore branch provides for... Continue Reading →
In a statement issued last week, the Argentine foreign ministry said three oil companies – Rockhopper, Premier Oil, and Argos Resources – were carrying out oil and gas activities on the continental shelf near the Falkland Islands – without the authorization of the Argentine government. Argentina and the UK in 1982 fought a brief but... Continue Reading →
October 11, 2019 At its peak, the agency expects production to reach 500,000 barrels. Minister says bonus paid was triple of expected The twelve auctioned blocks will require the installation of three to four new platforms between Rio de Janeiro and Sao Paulo, according to the National Petroleum Agency (ANP). The auctioned off areas in... Continue Reading →
Oct 10, 2019 With a premium of 322%, the result was a record in rounds under the concession regime. RIO - The 16th Bidding Round, held on the morning of Thursday, 10, was marked by the presence of large oil companies. The government raised R$ 8.915 billion in signing bonuses from 11 companies and consortia... Continue Reading →
Oct 10, 2019 As anticipated by PetróleoToday, Shell began the Alto de Cabo Frio Oeste exploratory campaign, a 3rd round sharing area located in the Santos Basin. The Constellation Brava Star drillship will drill well 1-SHEL-31-RJS in a 1,720 m water depth. The work continuous after drilling the pioneer well of Sul do Gato do... Continue Reading →
Oct 10, 2019 Brazil's mines and energy minister said the positive results of Thursday's round of bidding for the country's offshore oil blocks point to successful auctions later this year of the so-called Transfer of Rights area and pre-salt oil find. Minister Bento Albuquerque said that Thursday's auction surpassed expectations, following the conclusion of bidding.... Continue Reading →
Brazil’s offshore oil and gas sector: it’s complicated, challenging and rife with opportunity. Brazil today is seeing offshore activity increase, production is on the rise, and its government has made significant strides to remove obstacles for investment. But not long ago the picture looked very different for one of the planet’s foremost offshore oil and... Continue Reading →
BP PLC, Chevron Corp and Royal Dutch Shell PLC are among firms that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming weeks. Combined, the minimum signing bonuses for the blocks in the so-called 16th post-salt oil bidding round in... Continue Reading →
German oil and gas company Wintershall Dea has farmed down a 30% participating interest in its three Potiguar offshore exploration blocks to the subsidiary of Murphy Oil Corporation in Brazil. The subsidiary, Murphy Brasil Exploração e Produção de Petróleo e Gás Ltda, will become Wintershall Dea’s partner in blocks POT-M-857, POT-M-863, and POT-M-865. Wintershall Dea said... Continue Reading →
Brazil Energy Insight 