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The global economy will not achieve a V-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said. Ben van Beurden told an online interview with IHS Markit Chairman Dan Yergin that it was too early to know if demand for oil had peaked. Continue... Continue Reading →
Jul 17, 2020 BP Energy initiated the licensing of an exploratory well in the BM-C-35 block, in the Campos Basin. It intends to start the campaign in August 2022 and the well is part of the commitment made to the ANP in the Discovery Assessment Plan (PAD) of the Basilisco prospect. After Petrobras' decision to... Continue Reading →
Jul 16, 2020 Wintershall DEA started the licensing process for an exploratory well in the area of block CE-M-601, in deep waters of the Ceará Basin. The vertical well will be drilled in a 2000 m water depth slide and the company expects to find oil, with an average estimate of 24º API. The CE-M-601... Continue Reading →
Energy industry analysts seem to agree that the future is bright, or at least brighter, when it comes to the contracting activity for the floating production systems, from 2021 onwards after COVID-19 and low oil prices hit the market in 2020. Norway's Rystad earlier this week said that, apart from the Sangomar FPSO ordered by... Continue Reading →
Marine robotics company Ocean Infinity has completed its survey project for ExxonMobil, within the enormous Stabroek block offshore Guyana where the oil giant has over the recent few years discovered more than 8 billion barrels of oil. The project, announced in February, involved acquiring high-resolution geophysical and geotechnical data through the simultaneous deployment of multiple Autonomous... Continue Reading →
July 15, 2020 BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador, today announced its operational update for the three-month period ended June 30, 2020 (“2Q2020”). All figures are... Continue Reading →
July 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2019, informs that it has finalized today the sale of its entire participation in two onshore production fields (Ponta do Mel and Redonda), located in the Potiguar Basin, in the state of Rio Grande do Norte, to Central Resources do... Continue Reading →
July 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/24/2019, reports that it has today completed the sale of its entire stake in the ten fields that comprise the Pampo and Enchova Clusters, located in shallow water in the Campos Basin in the state of Rio de Janeiro, to... Continue Reading →
Jul 14, 2020 Altogether, 40 small and medium-sized companies, 30 of which are Brazilian, are in the dispute to buy onshore mature oil fields from Petrobras, reveals Roberto Ardenghy, director of Institutional Relations at the state-owned company. With the pandemic, the company postponed for 12 months the conclusion of the sale of its 157 onshore... Continue Reading →
Jul 14, 2020 Perenco is finalizing the development plan for the Polo Nordeste, a complex that integrates the Pargo, Carapeba and Vermelho fields, in shallow waters of the Campos basin. The document will be forwarded to the ANP for evaluation until Friday (17 ), requesting the extension of the concession period for the three assets... Continue Reading →
