Brazil’s government has appealed an injunction suspending a pre-salt oil auction and expects the bidding to go ahead as planned on Friday, the Mining and Energy minister Fernando Coelho Filho told Reuters. Read more
Big Oil executives jet to Rio for deepwater oil sale
Brazil will auction eight blocks in its coveted deepwater oil region on Friday, a prospect that has attracted top executives from the world’s biggest oil companies to Rio de Janeiro for the bidding round. The oil companies and Brazilian officials expect to see aggressive bidding for the more than 12 billion barrels of estimated oil... Continue Reading →
First oil from Libra on November 15
First oil production from the giant Libra oil field offshore Brazil is expected to be achieved on November 15, 2017. According to Brazil’s O’Globo news paper, the new date has been shared by the Petrobras Libra Project Manager, Orlando Ribeiro. O’Globo reports that the new date marks a four month delay compared to the last... Continue Reading →
Big Oil Is Heading to Rio With $50 Crude No Longer a Nightmare
Output is surging at Brazil’s so-called pre-salt region. This decade it has gone from nothing to 1.3 million barrels a day. Better yet for international oil majors, the country is opening its prized region to foreign operators as part of a wider move to reduce the state’s role in the economy and boost competition. Majors... Continue Reading →
Petrobras expects bidding for all pre-salt oil blocks on Friday
The world’s top energy companies will compete fiercely for deepwater oilfields Brazil will auction on Friday and all eight pre-salt blocks are likely to be awarded, according to the head of state-run oil giant Petroleo Brasileiro SA. Read more
Petrobras eyes second Libra charter
25.10.2017 - 23:51:54 Petrobras eyes second Libra charter Petrobras eyes second Libra charter. Brazilian state player to launch tender early next year for Libra 2 floater
Offshore Technology Conference Brazil: Petrobras focus on its strengths | Pedro Parente | Rio de Janeiro
See attached OTC Brasil 2017 presentation by Petrobras CEO, Pedro Parente. OTC Brasil 2017 - Pedro Parente
Brazil auction tests oil major appetite for deepwater fields
Top global oil companies will compete on Friday in Brazil’s billion-dollar auction for some of the world’s most prolific deepwater oilfields, a test of their appetite for capital intensive offshore projects after three years of low oil prices. Competition between firms such as Exxon Mobil, Royal Dutch Shell and Total> is expected to be fierce... Continue Reading →
Shell says can pump oil from Brazil’s pre-salt fields below $40/bbl
Royal Dutch Shell will participate in Brazil’s deepwater oilfield auction on Friday and is confident it can pump oil from the fields on offer for less than $40 a barrel, a top Shell executive said. Read more
Petrobras – Contracting of FPSO for Sepia field
Rio de Janeiro, October 19, 2017 - Petróleo Brasileiro S.A. – Petrobras informs that on October 13, 2017 it signed a contract with Modec Group to charter a FPSO platform (a unit that produces, stores and transfers oil and gas) to be used in the Sepia field development project, derived from the Transfer of Rights... Continue Reading →
