Rio de Janeiro, October 18, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in September was 2.79 million barrels of oil equivalent per day (boed), with 2.68 million boed produced in Brazil and 106 thousand boed produced abroad. The average oil production in the country was 2.17... Continue Reading →
Oil’s Biggest Rigs Head to the Junkyard
Transocean Ltd. is finally sending Pathfinder to its grave, after two years in a Caribbean purgatory that cost about $15,000 a day. The move by the world’s biggest offshore-rig operator signals just how bleak the future looks for deepwater drilling. Pathfinder is the most famous of six floating rigs the company is scrapping in burials that... Continue Reading →
US oil major Chevron expected to participate in the auction of block ‘Norte de Carcará’
US oil major Chevron is expected to participate in the auction of the block "Norte de Carcará", the biggest jewel of the ANP auction, on the 27th of October. The oil reserves are estimated at 2 billion barrels and has a signing bonus of R$ 3 billion or approx. U$1 billion.
Maersk oil unit purchase by Total approved unrestricted by Brazilian authorities
The acquisition by the French oil company Total of the oil and gas assets of the Danish Maersk was approved unrestricted by the Administrative Council for Economic Defense (Cade), according to a Brazilian antitrust notice published in the Official Gazette on Tuesday. The companies announced an agreement at the end of August, under which Total... Continue Reading →
Small scale FLNG to unlock hundreds of small gas fields?
Four companies, Add Energy, Transborders Energy (TBE), TechnipFMC, MODEC have teamed up to create what they say is unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a new concept in global gas field development. According to Add Energy,... Continue Reading →
Spectrum starts 2D seismic shoot off Brazil
Multi-client seismic data specialist Spectrum has announced the beginning of a 6,000 km multi-client 2D seismic survey covering the Ceara Basin within the Equatorial Margins of Northern Brazil. The Ceara Basin contains sectors of the 15th licensing round. The survey is being carried out in partnership with BGP Marine. Data is being acquired with a 12,000... Continue Reading →
Brazil to ramp up oil production before ‘renewable era’ hits: official
- Brazil plans to boost oil exploration and production to seize on its reserves before the world enters the “renewable era” and other technologies hurt demand for the fossil fuel, Deputy Energy Minister Paulo Pedrosa told Reuters on Wednesday. Read more
After delivery of the MV29, Brasfels focuses on the integration of the P-69 and services for QGOG
After delivery of the Campos de Goytacazes MV29 Floating Production, Storage and Transfer Unit (FPSO) to Modec, Brasfels works on the integration and commissioning of the FPSO P-69, due to be delivered in 2018. The shipyard in Angra dos Reis (RJ), will work on the semi-submersible drilling platform Alpha Star, from Queiroz Galvão Oil and... Continue Reading →
COURT AUTHORIZES PETROBRAS SALE OF CARCARÁ TO STATOIL
Oct, 2017 Petrobras won an important victory for its divestment plans. The 4th Regional Federal Court of the 5th Region (TRF), in Recife, gave the green light for the state company to sell the 66% stake in the block BM-S-8 (Carcará) to the Norwegian Statoil. The court analyzed an appeal filed by the... Continue Reading →
Petrobras – Clarification on injunction suspending the assignment of participation of the Iara and Lapa fields to Total
Rio de Janeiro, October 11, 2017 - Petróleo Brasileiro SA - Petrobras, in relation to the news published in the media, on the decision of the 3rd Federal Court of Sergipe that granted an injunction, in a popular action, determining the suspension of the assignment of 22 , 5% of Petrobras' stake in the Iara... Continue Reading →
