Rio de Janeiro, May 2, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 04/17/2017, reports that the President of the Federal Regional Court of the 5th Region suspended today the injunction ordering to interrupt the transfer of Petrobras’ stake in the BM-S-8 exploration block ("Carcará Field") to Statoil Brasil... Continue Reading →
Innovation and increased efficiency in the Libra Field
Rio de Janeiro, May 2, 2017 – Petróleo Brasileiro S.A. – Petrobras reports on innovations and efficiency gains related to the Libra Field. The intense collaboration between Libra area partners in the pursuit of the technologies necessary to maximize the value of the project has already allowed to reduce the break-even price of the venture... Continue Reading →
Government marks pre-salt auctions for October 27
5/2/17 5:06 PM Folhapress The government decided to hold the two pre-salt auctions scheduled for 2017, which will offer eight areas for oil exploration. Pre-salt auctions will be held on October 27 , shortly after the Brazilian edition of the Offshore Technology Conference (OTC), with the objective of concentrating the largest number of executives from abroad... Continue Reading →
SCHLUMBERGER TO PROVIDE LIBRA FIELD SOFTWARE
April 26, 2017 Schlumberger has won a major contract in Brazil and will provide software for exploration and production in the Libra field, as well as related services. The agreement with the consortium of Libra, formed by Petrobras, Royal Dutch Shell, Total, CNOOC and CNPC, will last five years. The contract includes the supply of... Continue Reading →
ANP wants to attract funds for rounds of oil and gas areas in Brazil
The National Petroleum, Natural Gas and Biofuels Agency (ANP) is considering improving the contracts for the three large rounds of oil and gas exploration blocks planned for this year, in order to attract investors different from those currently found in the country, such as Investment Funds. "We want to reduce the obstacles for investment funds... Continue Reading →
ExxonMobil takes TechnipFMC’s subsea equipment for Liza
Oilfield services provider TechnipFMC has been awarded a contract by ExxonMobil for the engineering, manufacture, and delivery of subsea equipment for the proposed Liza deepwater project, off Guyana. TechnipFMC said on Tuesday that the award scope includes seventeen total enhanced vertical deepwater trees and associated tooling, as well as five manifolds and associated controls and... Continue Reading →
Uruguay says it will auction 17 offshore blocks for oil exploration
Uruguayan state oil company Ancap said it will auction 17 offshore blocks for exploration in areas of up to 3,000 meters deep with offers to be presented in April 2019. The auction, called the Uruguay Round III, will be launched in Houston in September. "Ancap is working with the Ministry of Industry and Energy to... Continue Reading →
ANP GIVES GREEN LIGHT FOR DEVELOPMENT PLAN OF THE SAPINHOÁ SHARED RESERVOIR
April 23, 2017 The Board of the National Agency for Petroleum, Natural Gas and Biofuels (ANP) decided to approve, during a collegiate meeting, the Integrated Development Plan (PD) of the Sapinhoá Shared Reservoir. In its decision, the agency has determined that Petrobras apply "the best practices of the oil industry in its operations" in the... Continue Reading →
Petrobras – Clarification on News: New bidding rules for the production sharing regime
Rio de Janeiro, April 20, 2017 – Petróleo Brasileiro S.A. – Petrobras responds to Official Letter no. 166/2017/CVM/SEP/GEA-1 which requests clarifications, as follows: Official Letter no. 166/2017/CVM/SEP/GEA-1 “Dear Sir, We refer to the news article published on 04.14.2017 in the newspaper Folha de S. Paulo, under the headline “Petrobras pode desistir de áreas do pré-sal... Continue Reading →
Bassoe: Forget rig oversupply, the offshore rig market presents opportunity
Certain trends which signify a rig market recovery have emerged insidiously over the past four months. Now they’re obvious enough to warrant attention. Rig contracting activity is up, utilization is up, asset values are up, and the oil price is relatively stable. Some “stranded” rigs are being acquired by new buyers, and purchase offers for... Continue Reading →
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