Brazilian oil and gas regulators on Wednesday held the 14th bidding round for oil and gas exploration blocks, and it broke some cash records. Namely, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the round, in which 20 companies took part, had the largest total signature bonus in history – over R$... Continue Reading →
Brazil’s prized Santos basin receives single bid in oil auction
Karoon Gas Australia Ltd won the block with a signing bonus worth 20 million reais ($6.3 million), but the remaining 75 blocks in the basin received no bids, oil industry watchdog ANP said. Officials expected to sell up to 40 percent of the blocks, raising 500 million reais ($157 million). Read more
Petrobras has drawn up a strategy for Brazil oil auctions
RIO DE JANEIRO (Reuters) - Petróelo Brasileiro SA has drawn up a strategy to participate in Brazil’s three upcoming oil auctions this year, as a declining debt burden has increased the state-controlled oil producer’s firepower, Chief Executive Officer Pedro Parente said on Wednesday. Petrobras will participate in auctions in which the government will offer areas... Continue Reading →
Wilson Sons Ultratug Offshore renegotiating PSV contracts with Petrobras
Wilson Sons Ultratug Offshore could have up to eight platform supply contracts with Petrobras temporarily suspended. The company is is a joint venture between the Brazilian shipbuilding company, Wilson Sons and Chilean services provider Ultramar. According to Wilson Sons, the JV is negotiating new contract terms for up to eight Platform Supply Vessels (PSVs) currently... Continue Reading →
PETROBRÁS FINDS PETROLEUM INDICATORS IN THE DOLPHIN FIELD, ESPIRITO SANTO BASIN
Sep, 2017 Petrobrás found evidence of offshore oil in the Espírito Santo Basin. This time, the state oil company notified the National Petroleum Agency about the presence of the input in the 4BRSA1352ESS well in the Golfinho field. The discovery was made in a water depth of 1,448 meters, using the Gold Star drill... Continue Reading →
Bassoe: Offshore drilling rig empires emerging to take over the industry
Call them speculative, but the drilling companies and investors buying offshore rigs at today’s values could be dominating the industry soon. We’ve commented on all the offshore rig deals that have happened this year, and there have been quite a few of them. Borr Drilling, Nothern Drilling, Shelf, Ensco, and most recently, Transocean have started acquiring offshore rigs at... Continue Reading →
Brazil: 32 oil firms taking part in 14th bidding round next week
Brazil is organizing a bidding round in which it is set to offer 287 blocks to oil and gas companies for exploration and production of oil and natural gas in nine sedimentary basins. Of the 287 blocks to be offered on September 27, 110 will be offshore. A separate round will be held in October... Continue Reading →
Petrobras Oil and natural gas production in August
Rio de Janeiro, September 15, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that its total oil and natural gas production in August was 2.72 million barrels of oil equivalent per day (boed), 2.61 million boed of which produced in Brazil and 107 thousand boed produced abroad. The average oil production in the country was... Continue Reading →
Note on oil exploration at the mouth of the Amazon/ MINISTRY OF THE ENVIRONMENT
Considering the latest news published in the press about the licensing process of Total E & P Brasil LTDA on the exploration of oil at the mouth of the Amazon, it is necessary to clarify some information. There was no refusal by IBAMA to grant a license, and due diligence was requested in order to... Continue Reading →
Karoon eyes Campos, Santos, Espirito Santo basins in Brazil auction
Karoon Gas Australia Ltd is eyeing prospects in Brazil’s Campos, Santos and Espirito Santo basins in this month’s auction of oil and gas exploration rights, a company executive told Reuters. Tim Hosking, Karoon’s general manager for South America, said in an interview on Tuesday that the company has not made final bidding decisions yet, but... Continue Reading →
