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August 26, 2019 Petróleo Brasileiro SA - Petrobras, following the press release disclosed today, informs that the company Modec has reported that a new overflight has found oil on the sea, with an estimated volume of 6.6 cubic meters, in addition to the 1.2 cubic meter leakage identified and now collected. Seven collection and dispersion... Continue Reading →
August 26, 2019 Petróleo Brasileiro S.A. - Petrobras reports that Modec, operator of the FPSO Cidade do Rio de Janeiro, in the Campos Basin, announced on Friday, August 23, the existence of cracks in the ship's hull, after inspection of the vessel’s external tanks, resulting in a leakage of approximately 1.2 cubic meter of residual... Continue Reading →
Aug 26, 2019 (Reuters) - BP PLC (BP.L), Chevron Corp (CVX.N) and China’s CNOOC (0883.HK) are among 12 companies cleared to bid in an October exploration rights auction in Brazil, oil regulator ANP said on Monday. Exxon Mobil Corp (XOM.N), Colombia’s Ecopetrol SA ECO.CN, Norway’s Equinor ASA (EQNR.OL), Australia’s Karoon (KAR.AX), Qatar’s QPI, Spain’s Repsol... Continue Reading →
Brazil will also lead globally on crude production capacity through upcoming floating production storage and offloading (FPSO) vessels with 2,430 thousand barrels per day (mbd) between 2019 and 2025. A total of 20 planned and announced floating FPSOs are expected to be deployed offshore Brazil during the outlook period, the highest among countries globally, revealed... Continue Reading →
CGG has started acquisition of Nebula 3D, a new, long-offset BroadSeis survey located in the Campos and Santos Basins, offshore Brazil. With an initial focus on Brazil’s 15th License Round blocks, the data is being acquired by the Geo Caribbean and a portion of the survey will provide 3D data coverage where no other 3D... Continue Reading →
AUG 23, 2019 The expected jump by the National Petroleum Agency (ANP) in drilling activity next year will bring a large increase in investment volume. According to estimates, the amount will reach R$ 23.5 billion. This is a significant increase of 144% when compared to the R $ 9.6 billion forecast for 2019. As we... Continue Reading →
Aug 23, 2019 CGG has initiated a new 3D seismic data acquisition in the Campos and Santos basins pre-salt. Conducted by the ship Geo Caribbean, the campaign follows the mapping done in areas offered in the ANP's 15th bidding round, held in 2018. Among the covered areas are Dois Irmãos and Alto de Cabo Frio... Continue Reading →
Aug 23, 2019 Modec do Brasil has completed the issuance of a US $ 1.1 billion bond to finance one of its vessels in Brazil, the FPSO Cidade de Mangaratiba, in operation since 2014 in the Iracema Sul area, in the Lula pre-salt area. “This is the first public issuance to fund a Floating Production... Continue Reading →
Aug 23, 2019 Equinor plans to launch in mid-September a request for information (RFI) for hiring a hybrid boat to service operations in the Peregrino field. The operator will pursue a project that, in addition to safety and operational reliability, is aligned with concepts of innovation, digitization and automation. Equinor Brasil's supply chain chief in... Continue Reading →
Following a recent oil discovery at the Jethro well offshore Guyana, oil firm Tullow is set to spud the second well, Joe-1, within days. Eco Atlantic, Tullow’s partner in the Orinduik block where the Jethro-1 discovery – 180.5 feet (55 meters) of net high-quality oil pay – was made, said the drillship is currently moving... Continue Reading →
Brazil Energy Insight 