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ANP forecasts a gradual growth in production in the coming years, reaching 571.5 thousand m³ / day (3.6 million barrels per day) of oil and 173.2 million m³ / d of natural gas in 2025 . - It represents an increase of 23% in relation to 2021, in the case of oil, and 34% in... Continue Reading →
(Reuters) DBO Energy, an oil and gas company supported by Germany's RWE AG, is in bilateral negotiations with Petrobras to buy the Golfinho oil hub, two sources said, as the Brazilian oil company moves forward with its ambitious divestment program. Golfinho is one of dozens of production assets that Petrobras put up for sale in... Continue Reading →
Former Shell director Andy Brown will become CEO at Portuguese oil and energy company Galp Energia from Feb. 19, the company said, with boss Carlos Gomes da Silva leaving two years before the end of his mandate. The decision was agreed upon by Gomes da Silva and board chair Paula Amorim, and will be submitted... Continue Reading →
A merger between Premier Oil and Chrysaor has been approved by Premier’s shareholders and the deal is expected to close by the end of the first quarter this year. Premier reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of Premier’s existing debt and... Continue Reading →
Oil major ExxonMobil is preparing to drill an exploration well in waters offshore Brazil, using Seadrill’s West Saturn drillship. Petroleo Hoje, a Brazilian publisher specializing in oil and gas news, reported on Monday that ExxonMobil and Seadrill are preparing for the drilling campaign in the country and the West Saturn drillship is already located at... Continue Reading →
The Federal Police, in cooperation with the Federal Prosecutor's Office and the Federal Revenue Service, triggered this morning the 79th Phase of Operation Lava Jato, called “Vernissage”. About 70 federal police officers and 10 Internal Revenue Service auditors served 11 Search and Seizure warrants in Brasília / DF (2), São Luís / MA (3), Angra... Continue Reading →
Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. There are growing fears that Exxon, because of its tremendous debt burden, is a zombie company. These are generally companies that are not generating sufficient... Continue Reading →
Brazilian oil and gas services provider Ocyan, formerly known as Odebrecht Oil & Gas, has been awarded a contract for an ultra-deepwater drillship by Petrobras for operations in the Santos Basin offshore Brazil. Ocyan said last week that the contract was awarded to the Norbe VIII drillship for a duration of 425 days. The contract was awarded... Continue Reading →
Oil and gas market research provider Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when 99 wells were drilled. In 2021, Westwood’s projections indicate that activity could at least reach 2020 levels with the potential to reach up to 100 wells. In a report on Monday, Westwood noted... Continue Reading →
The executive Carlos Mastrangelo will be the new director of exploration and production of the company, succeeding the position that was previously occupied by Danilo Oliveira. Mastrangelo's appointment will now be considered by the company's Board of Directors, in a meeting called for February 8, formally changing the director. Enauta's new E&P director has been... Continue Reading →
Brazil Energy Insight 