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zoomPiranema Spirit cylindrical FPSO Sevan Marine, a designer of a cylindrically shaped floating platforms, has agreed on a settlement with Piranema LLC for the payment of “ANP fines incurred to date.” ANP or Agência Nacional do Petróleo, Gás Natural e Biocombustíveis is the Brazilian federal government agency regulating the oil and gas sector. Sevan... Continue Reading →
Petrobras has put up for sale at a minimum bid of US $ 40 million two drilling rigs that cost US $ 720 million at the beginning of the decade. The units are part of a package of seven probes that will be auctioned by the state-owned company in May. The P-59 and P-60 rigs... Continue Reading →
Study shows outlook for the coming decades With 20 billion barrels in untapped oil and gas reserves, the pre-salt could yield the country at least 1.2 trillion reais in taxes and royalties. This is shown by a study commissioned by the Brazilian Association of Petroleum Services Companies (Abespetro) So far, the pre-salt has already produced... Continue Reading →
A new pre-salt platform will boost domestic oil and gas production. The National Petroleum Agency (ANP) has authorized Petrobrás to start the FPSO P-66 activity, in the Lula Sul module, in the Santos Basin. ANP's board of directors approved the extraordinary natural gas burn of up to 130,000 Mm³ in the first... Continue Reading →
The final six fast supply vessels (FSVs), designed by the Australian ship designer Incat Crowther, have recently been delivered to Baru Offshore, for charter with Petrobras. Incat said on Wednesday the vessels were the last of a dozen 48 meter-long DNV Classed DP-1 monohulls named the Baru Serrana, Baru Tesoro, Baru Sinu, Baru Sirius,... Continue Reading →
March, 2017 Having sealed an alliance last year with France's Total worth $ 2.2 billion, Petrobras now seems to be looking for new international partners. According to CEO Pedro Parente, the Norwegian Statoil and the Portuguese company Galp are in the sights of Petrobras. Parente stated that the signing of strategic associations is... Continue Reading →
March 06, 2017 Statoil has taken a new step in its main project in Brazil, the promising discovery of Carcará in Block BM-S-8. The Norwegian company asked the Brazilian Institute for the Environment and Renewable Resources (Ibama) for the Operational License for maritime drilling activities in the block, located in the Santos Basin. The... Continue Reading →
The Libra consortium (Petrobras, Total, Shell, CNOOC and CNPC) must request ANP for a waiver to charter drilling rigs at the Libra project, the country's first production sharing area, in the Santos Basin pre-salt. The measure is a reflection of the failure of the Sete Brasil project, which would provide drill rigs for Petrobras with... Continue Reading →
zoom Multi-client seismic data specialist Spectrum has completed the 17,700 km Santos Campos Phase Two 2D seismic survey offshore Brazil. Spectrum said on Friday that the new acquisition program was an outboard extension of its 2012 Santos Campos Phase One survey, and tied other programs in the Santos, Campos, and Espirito Santo Basins According to... Continue Reading →
Thu Mar 2, 2017 Brazilian oil exports hit their second consecutive record in February, with shipments almost double the level of the same period in 2016, as new offshore production continues to come on stream, government data showed on Thursday. Oil exports rose to 6.23 million tonnes (roughly 45.7 million barrels), 94 percent higher than... Continue Reading →
Brazil Energy Insight 