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Sandvik reports it has won the first large-scale stainless steel umbilical tube order in Brazil’s pre-salt Mero oilfield. Mero is an expansive pre-salt oilfield in the Santos Basin offshore Rio de Janeiro with immense oil production potential. The Mero oilfield is being managed by the Libra Consortium, made up of a partnership between Petrobras, Total,... Continue Reading →
March 2, 2020 French oil company expects to reach average production of 150,000 barrels a day in the country in five years Enthusiastic with the portfolio built in Brazil in recent years, the French oil company Total plans to invest between US $ 600 million and US $ 700 million per year in exploration and... Continue Reading →
As New Year 2020 unfolds, there are 21 floating production, storage and offloading units (FPSO) on order, and unlike a year ago, these — and not floating liquefied natural gas (FLNG) — are the unheralded story. Driven by a decent price for oil, this buoyant market is kept strong by new players, new business models... Continue Reading →
February 28, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 02/03/2020, referring to the sale of part of its equity interest in the concessions BMPAMA-3 and BM-PAMA-8, located in the Pará-Maranhão Basin, reports that it has extended until 03/05/2020 the deadline for companies to send the documents foreseen in the... Continue Reading →
February 27, 2020 -Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of its entire 51% stake in Petrobras Gás S.A. (Gaspetro). The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available here:Teaser-Gaspetro-Ingles-completo... Continue Reading →
February 27, 2020 Petróleo Brasileiro S.A. - Petrobras reports that it has started the opportunity disclosure stage (teaser), referring to the sale of all its equity interest in Merluza and Lagosta fields, located in the shallow waters of Santos Basin. The teaser, which includes key information about the opportunity, as well as the eligibility criteria... Continue Reading →
FEB 27, 2020 Petrobrás announced this week that it has applied to the Brazilian Institute of the Environment (Ibama) to receive the Installation License for the Búzios 5 platform, which will be implemented in the Santos Basin pre-salt. Currently, according to Petrobrás' annual balance sheet, the FPSO has reached 10% of physical progress completed. The... Continue Reading →
FEB 27, 2020 The ghost of Lava Jato and an unburied corpse return to frighten one of the largest economic groups operating in the country, especially in the oil and gas sector: Techint-Tenaris. Targets of the Italian Justice, the brothers Gianfelice and Paolo Rocca, in addition to Roberto Bonatti, partners of San Faustin, holding of... Continue Reading →
Amid a raft of February orders and near-orders for floating production storage and offloading vessels, or FPSOs, comes a new report suggesting those shipyards and engineers able to piece them together may soon be feeling the strain. "The strong pace of recent orders has a downside," says Jim McCaul, a leading authority on the FPSO... Continue Reading →
February 26, 2020 Last Saturday, Petrobras began the Long-Term Test of the Farfan reservoir, one of the discoveries made by the company in deep waters of the Sergipe-Alagoas Basin. Production is being carried out from the FPSO Cidade de São Vicente, connected to a production well. Ibama's license is valid for up to 180 days... Continue Reading →
Brazil Energy Insight 