Petrobras plans to operate at production costs below 10 dollars per barrel of oil equivalent in the medium term, state oil and gas exploration and production director Solange Guedes said on a teleconference with analysts about the 2016 results. In 2016, the company's oil and gas production cost in Brazil and abroad fell 11... Continue Reading →
Suspension of Petrobras’ asset sale to Karoon still in force
zoomFPSO Cidade de Itajaí, located on the Baúna field. Image source: Teekay Oil and gas company Karoon Gas Australia has informed that a suspension of Petrobras’ process to sell two of its assets offshore Brazil to the Australian company is still in force. Earlier this week, the Brazilian Federal Accounting Court (TCU) allowed Petrobras to... Continue Reading →
Diamond Offshore wins court case against Petrobras
zoomPhoto by: Andy Grzymala ATGphotos.com Offshore driller Diamond Offshore has made a step forward in a court case against Petrobras, stemming from an early rig contract termination last year. Petrobras terminated the contract for the Ocean Valor rig in August 30, 2016. The drilling contract was originally estimated to conclude in October 2018. Diamond Offshore then, a... Continue Reading →
Sevan Marine to pay ANP fines for Piranema Spirit FPSO
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.
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 →
Pre-salt can yield R $ 1.2 trillion in royalties and taxes
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 →
ANP AUTHORIZES START OF P-66 PRODUCTION
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 →
Six fast supply vessels delivered for Petrobras charter
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 →
PETROBRÁS CEO TO ANALYZE PARTNERSHIPS WITH STATOIL AND GALP
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 →
STATOIL FILES FOR IBAMA LICENSE FOR DRILLING IN CARCARÁ
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 →
