Oct. 24, 2016 Petrobras president, Pedro Parente, and the president of Total, Patrick POUYANNE, signed a memorandum of understanding to consolidate a strategic alliance in the segments of Exploration and Production (E & P) and Gas and Energy (G & E) in Brazil and potential opportunities abroad. From this memo, the companies are committed... Continue Reading →
AQUALIS WINS OFFSHORE SERVICES CONTRACTS IN THREE PRE-SALT PLATFORMS
20 Out, 2016 Norwegian engineering consultancy Aqualis Offshore was contracted by Japanese company Modec and the BrasFELS shipyard to provide services in three platform ships for the pre-salt layer. Modec contracted Aqualis to work for the integration of the FPSO City Campos dos Goytacazes MV29 in the BrasFELS shipyard in Angra dos Reis, in the... Continue Reading →
Brazil oil regulator says it will cut 350 rules in 2016
Mon Oct 17, 2016 | Reuters Brazil's oil regulator ANP will extinguish about 350 rules in 2016 as part of efforts to attract investment to Brazil by simplifying regulations after a fall in world oil prices, the agency's outgoing chief Magda Chambriard said on Monday. In an interview with Reuters she also said the planned sale... Continue Reading →
Petrobras – Oil and natural gas production in September
Rio de Janeiro, October 17, 2016 – Petróleo Brasileiro S.A. – Petrobras informs that its total oil and gas production in September was 2.88 million barrels of oil equivalent per day (boed), a 1.4% increase in comparison to the previous month. Of this total, 2.75 million boed were produced in Brazil and 0.13 million abroad.... Continue Reading →
Petrobras and Galp expand partnership in order to strengthen exploratory, development and production activities
10/11/2016 Rio de Janeiro, October 11, 2016 – Petróleo Brasileiro S.A. - Petrobras signed, today, a Memorandum of Understanding (MoU) with Galp Energia, SGPS, S.A. (Galp), aiming to extend the cooperation between the two companies, reinforcing their strategic alliance. Following this MoU, Petrobras and Galp intend to further enhance their partnership, considering potential joint ventures... Continue Reading →
Petrobras faces challenge of decommissioning old platforms
With 74 offshore platforms with more than 25 years of operation, Petrobras is expanding the development of their decommissioning projects, demobilization and removal of equipment at the end of an offshore oil production system. Under development or planning are the Cação fields in the Espirito Santo Basin and Marlim fields, in the Campos Basin. Solange... Continue Reading →
Petrobras Says Deep-Water Opening Luring Big Oil to Brazil
International oil companies are reaching out to Brazil after it opened its most promising offshore region to increased competition, a move welcomed by Petrobras Chief Executive Officer Pedro Parente as he seeks partners to spread investment costs. Producers rushed to contact Houston-based Brazilian officials last week after Congress removed a requirement that Petrobras control operations at... Continue Reading →
Petrobras – Sale of Baúna and Tartaruga Verde fields
Rio de Janeiro, October 06, 2016- Petróleo Brasileiro SA - Petrobras announces that it is negotiating with Karoon Gas Australia Ltd the sale of its participation in the Baúna and Tartaruga Verde fields. The potential transaction considers the sale of 100% of the stake in the Baúna field, located in shallow waters of post-salt Santos... Continue Reading →
Brazil’s Petrobras says in talks with Karoon for stake in two fields
| Thu Oct 6, 2016 | Reuters Brazilian state-controlled oil company Petroleo Brasileiro SA said on Thursday it was in talks with Karoon Gas Australia Ltd to sell stakes in the Bauna and Tartaruga Verde fields. Petrobras said the talks concerned a 100 percent stake in the 45,000 barrel-a-day Bauna field, situated in the Santos... Continue Reading →
Brazil Opens Oil Fields to Foreign Firms in Key Policy Shift
Brazil’s Congress voted on Wednesday night to open up its pre-salt oil fields to foreign investors by scrapping Petroleo Brasileiro SA’s obligation to be the area’s sole operator. The legislation was approved by a 292-to-101 vote, following a bad-tempered debate during which opponents, many dressed in the orange jumpsuits of the state-controlled oil company, repeatedly... Continue Reading →
Brazil Energy Insight 