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(Reuters) Petrobras expects to conclude negotiations with Chinese partners this year for the development of excess volumes from the Búzios field, in the Santos Basin pre-salt, and could buy part of the partners if "by chance" they want to sell, he said on Thursday. the president Roberto Castello Branco. The block with excess volumes of... Continue Reading →
Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil and Total outperformed all its peers, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as the French company not only excelled in financial and operational performance but also was... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with the provisions of article 157, paragraph 4 of Law No. 6,406, of December 15, 1976, as amended (“Corporations Law”), Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários) (“CVM”) Rule No. 358, dated January 3, 2002, as amended, and CVM Rule No. 476, dated January 16, 2009,... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that has identified the presence of hydrocarbon in the wildcat well of block C-M-411, located in the pre-salt of the Campos Basin, in Rio de Janeiro state. The well 1-BRSA-1377-RJS, informally known as Urissanê, is located approximately 200 km from the coast, in water depth of 2,950 meters, being... Continue Reading →
The Australian oil company Karoon Energy announced the plans for the acquisition of necessary equipment for the Patola field, in the Santos basin. The agreement was signed with TechnipFMC and provides for long-term items that will be used in the development of the asset. The information was disclosed in the company's financial and operating balance... Continue Reading →
Brazilian oil and gas company Enauta, formerly known as QGEP, has once again been forced to stop production from the only producing well on the Atlanta field to replace a faulty heater only a day after restarting it following a shutdown in November 2020. The Atlanta field Early Production System started production in May 2018, almost two... Continue Reading →
Inpex Corp, Japan's biggest oil and gas producer, said on Wednesday it is targeting net-zero carbon emissions by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology. The move comes after Japanese Prime Minister Yoshihide Suga pledged to make Japan carbon-neutral by 2050 and with global... Continue Reading →
Enauta announced the return of the operation of one of the production wells in the Atlanta field, in the Santos basin. Active production had been halted since November 2020. The 7-ATL-4HB-RJS well was initially producing 11,000 barrels of oil per day. Enauta plans to put into production the second well in the field (7-ATL-3H-RJS) still... Continue Reading →
(Bloomberg) --Total has had the fastest start in the race between oil supermajors to achieve net-zero carbon emissions. Europe’s three largest oil and gas companies -- Total, BP and Royal Dutch Shell -- all announced plans last year to eliminate most greenhouse gas emissions from their operations and the fuels they sell in the coming... Continue Reading →
Pipe producer Tenaris and Subsea 7 have signed an agreement for the supply of pipes and coating services for Bacalhau project offshore Brazil. Equinor is the operator of Bacalhau project, located 185 kilometres off the coast of São Paulo in Brazil. Discovered in 2012, the Bacalhau oilfield sits in the pre-salt area of the Santos Basin at a depth... Continue Reading →
