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Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 23/06/2022 and 24/06/2022, informs that, after fulfilling the precedent conditions set out in the binding contracts signed on 24/06/2022, it has today concluded the transfer of its entire stake in the sets of maritime concessions called Golfinho Cluster and Camarupim Cluster, in deep... Continue Reading →
Italian oil and gas giant Eni has started production from an oil and gas field offshore Côte d’Ivoire, Africa, less than two years after the discovery in September 2021 and less than a year and a half after the final investment decision (FID) was made. The Baleine East 1X well was drilled using the Saipem 12000 drillship. The... Continue Reading →
(PN) China National Offshore Oil Corporation (CNOOC) signed an agreement for two research projects on renewable energies offshore, with funding of R$ 16 million. With a duration of three years, the research will have the participation of more than thirty people, from four different Coppe laboratories, who will work in several areas, including hydrodynamics, aerodynamics,... Continue Reading →
(OM) Mexico’s regulator has approved the unitized development plan for the offshore Zama oil field, according to partner Harbour Energy. The Pemex-led joint venture is now preparing to start the FEED and reassess cost estimates ahead of a potential final investment decision in 2024. Earlier this year Harbour participated in the Wintershall Dea-operated Kan-1 exploration... Continue Reading →
Regarding the new FPSO-type platform project for the Barracuda and Caratinga fields, Petrobras clarifies that the unit is one of six already planned within the Campos Basin Renewal Program. The first two FPSOs – Anita Garibaldi and Anna Nery – started oil production in 2023. Within Petrobras' governance, in stages of project maturity evolution, it... Continue Reading →
(Reuters) Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by ExxonMobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows. Western sanctions on Russian oil due to its invasion of Ukraine since last... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) expects to continue to produce oil for the next four decades, while also boosting investments in renewables as it seeks to drive an energy transition, an executive said on Tuesday. Joelson Mendes, the firm's Chief Exploration and Production Officer, said at an event hosted by Santander that Petrobras understands... Continue Reading →
(Reuters) Exxon Mobil Corp and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing published on Monday by the South American country. The floating production platform for the so-called Whiptail project would start operations in 2027 and bring the Exxon-led consortium's oil output in Guyana... Continue Reading →
(OE) Japan's MODEC said its FPSO Anita Garibaldi MV33 has achieved first oil production for Petrobras at the Marlim field in the Campos Basin off the coast of Brazil. The FPSO is leased on a 25-year time charter contract to the state-owned Brazilian energy company—one of MODEC's longest charters to date. The FPSO is the 16th FPSO/FSO vessel that MODEC has... Continue Reading →
(PN) PPSA carried out, this week, the direct sale to Equinor of the Union's second oil load from the Atapu field, in the Santos Basin pre-salt. The Norwegian oil company purchased 500,000 barrels of oil, with a price offer based on the reference value established for Atapu oil by the National Petroleum Agency (ANP). In... Continue Reading →
Brazil Energy Insight 