Brought to you by Quest Offshore & Southern Cone Consultants
LONDON/RIO DE JANEIRO, Dec 8 Brazil's state-run oil company Petrobras is offering up to a quarter of its 40 percent stake in the huge Libra offshore oil prospect as its seeks to reduce the largest debt in the global oil industry, two industry sources said on Tuesday. The stake could fetch up to $1.5 billion,... Continue Reading →
Brazil’s struggling state-controlled oil company Petrobras is waiting on exploration data from a promising deep-water field to decide if it will be included in a divestment plan, said two people familiar with the issue. The Rio de Janeiro-based producer is waiting on a second well test in the northern section of the Carcara field before... Continue Reading →
Fri Dec 4, 2015 /Reuters Petrorio SA * Brazil's Petrorio says the national oil regulator ANP approved the exit of Maersk from Polvo field * Petrorio to take over Maersk's 40 percent stake and hold 100 percent of asset Further company coverage: (Reporting by Reese Ewing. Editing by Jane Merriman)
Royal Dutch Shell Plc expects to sign an agreement to join up, or unitize, its Parque das Conchas offshore fields Brazil's Campos Basin with an area owned by Brazil's government by early next year, the local-unit president said on Wednesday. Part of the oil and gas resources in Parque das Conchas extend into an un-leased... Continue Reading →
Brazil oil explorer QGEP says test of Carcara area promising SAO PAULO/Reuters Nov 24 Formation tests run in the Carcara offshore area by Brazilian oil explorer Queiroz Galvao Exploracao e Producao SA have showed results as promising as the best subsalt discoveries so far, the chief executive of the company said on Tuesday. A more... Continue Reading →
11/17/2015 Rio de Janeiro, November 17, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the drilling of an extension well proved the occurrence of oil in the Pitu area. The discovery of this accumulation, the first in Potiguar Basin deep waters, was first announced to the market on December 17, 2013. The 3-BRSA-1317-RNS well,... Continue Reading →
11/12/2015 Rio de Janeiro, November 12, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that filed today with the National Oil, Natural Gas and Biofuels Agency (ANP) the Declaration of Commercial of the oil accumulation in northwest of the Júpiter Discovery Evaluation Plan (PAD) – Block BM-S-24 – in the pre-salt layer of the Santos... Continue Reading →
Update on Oil Workers’ Strike - 11/09 11/09/2015 Rio de Janeiro, November 9, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the strike coordinated by the oil workers’ unions still continues and the impact in the oil output in Brazil remains around 115,000 barrels a day. Petrobras is making all efforts to pursue the... Continue Reading →
11/06/2015 Rio de Janeiro, November 6, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds to Official Letter 445/2015/CVM/SEP/GEA-1 requesting clarifications, as transcribed below: Official Letter 445/2015/CVM/SEP/GEA-1 “We refer to the news item published today, November 4, 2015, in Lauro Jardim’s Blog, entitled A novela da Sete (The Sete soap opera), which contains the following... Continue Reading →
An unusually high number of rigs are competing for a Det Norske Oljeselskap ASA drilling contract on the Alvheim oil field in the North Sea, an illustration of how companies are desperate for business as producers slash spending amid a crude-price slump. “I’ve tendered for rigs on the Norwegian continental shelf many times, and I’ve... Continue Reading →
Brazil Energy Insight 