The situation has been critical at the Rio Grande naval complex for some time, but the horizon does not bring good news. The resumption of the construction of P-71, which was one of the local hopes, is not in Petrobras' plans, according to President Pedro Parente, who alleged "no use" for the platform -... Continue Reading →
HIGH PRESSURE OF CARCARÁ INFLUENCED SALES OF THE AREA TO STATOIL
Apr 6, 2017 The Carcará field is considered one of the jewels of the pre-salt, due to huge estimates of oil reserves, and left the hands of Petrobras recently to be controlled by the Norwegian Statoil, which bought 66% of the asset for $ 2.5 Billion, but according to the president of Petrobras, Pedro Parente,... Continue Reading →
Wood Group wins Brazilian engineering contract with Karoon
Wood Group wins Brazilian engineering contract with Karoon | Offshore Energy Today http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/html5.js http://www.offshoreenergytoday.com/wp-content/themes/navingo20/js/respond.min.js zoomLocation of the Echidna field; Image source: Karoon UK-based energy services company Wood Group has been awarded a multi-year contract from Karoon Petróleo & Gás to provide engineering services for the full development of the Echidna field offshore Brazil. Wood Group... Continue Reading →
Petrobras believes change in the law is necessary for agreement on pre-salt onerous assignment
The president of Petrobras, Pedro Parente, believes that a change in the law is necessary to make possible an agreement between Petrobras and the federal government on the exploration contract for pre-salt areas, the so-called onerous assignment. Oil reserves were granted by the government during the capitalization of Petrobras in 2010. At the time, the... Continue Reading →
Exxon Eyes Brazil Expansion/WSJ
Oil company in talks to partner with Petrobras on offshore oil projects By BRADLEY OLSON and PAUL KIERNAN Updated April 4, 2017 10:41 a.m. ET Exxon Mobil Corp. XOM +0.02% , the only big oil company without a major foothold in Brazil, is in talks to gain access to the country’s prized deep-water resources, according... Continue Reading →
Brazil Oil production increases 14.6% compared to February 2016
April 03, 2017 February 2017 oil production in Brazil totaled 2.666 billion barrels per day (bbl / d). The volume represents an increase of 14.6% in relation to the same month in 2016 and a decrease of 0.4% in comparison with the previous month. The natural gas production was 106.6 million cubic meters per... Continue Reading →
Petrobras – ANP’s notice on government participation in Lula Field
Rio de Janeiro, March 31st, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that Consortium BM-S-11 received, on March 30th, 2017, a notice issued by the National Petroleum, Natural Gas and Biofuels Agency - ANP, regarding Lula Field, Santos Basin pre-salt, in the amount of R$ 2.6 billion. This assessment is due to divergence in... Continue Reading →
ANP announces new areas for the 3rd sharing pre-salt auction round
The National Energy Policy Council (CNPE) has four pre-bidding areas in the 3rd round of sharing in November. The director of the National Petroleum Agency (ANP), Felipe Kury, confirmed that the areas of the auction include Pau Brazil, Peroba, Saturn and Alto de Cabo Frio the last two adjacent areas and will be auctioned... Continue Reading →
P-69 arrives in Brazil to be completed
The FPSO P-69 hull arrived on the 28/3, at the Brasfels shipyard, in Angra dos Reis (RJ). This integration site will include the installation of the modules on the hull, the interconnection of all the equipment of the platform and the commissioning of the operating systems (set of tests to verify that the systems are... Continue Reading →
FPSO Pioneiro de Libra on its way to Brazil
The FPSO owned by the 50/50 joint venture between OOG and Teekay Partners is heading to Brazil on a voyage expected to last around 65 days, ending in early June. Pioneiro de Libra will be the first to produce oil in the giant Libra Block. Since the naming of the FPSO in December of last... Continue Reading →
Brazil Energy Insight 