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October 31, 2019 ANP projection considers round zero contracts that have been extended for up to 27 years To revive the mature fields of the twelve contracts of round of the zero concession extended by the ANP will require investments of US $ 29 billion over 27 years. The projection was made by Marcelo Castilho,... Continue Reading →
As global oil firms make ever-bigger bets on Brazil’s massive deepwater fields in its ‘subsalt’ area, a swarm of small and mid-sized companies has sprung up to specialize in lower-profile fields that still produce over a third of the country’s crude. The proliferation of niche players, ranging from private equity firms to domestic and international... Continue Reading →
October 30, 2019 The new oil auctions to be held by the National Petroleum, Natural Gas and Biofuels Agency (ANP) should generate demand for the installation of 50 to 60 new offshore platforms. The information was highlighted by the director general of the agency, Décio Oddone, during breakfast at OTC Brasil 2019. “All of this... Continue Reading →
The Norwegian competition authorities have rejected the proposed merger between offshore accommodation companies Prosafe and Flotel. The proposed combination would create the world’s largest owner of semi-submersible accommodation rigs with Prosafe currently owning and operating a total of nine offshore accommodation units, and has options for delivery of two newbuilds, while Floatel’s fleet counts five... Continue Reading →
A thick sludge of crude oil has been washing up on vast stretches of Brazil’s coast for nearly two months, and authorities and experts have been baffled by its origin. This is what is known about the environmental disaster and what remains a mystery. Continue reading
October 23, 2019 -Petróleo Brasileiro S.A. - Petrobras, in addition to the press release issued on May 21, 2019, reports that its Board of Directors has ratified the signature and approved adjustments to the draft Amendment to the Transfer of Rights Agreement. Such ratification occurs after the issuing of MME Ordinance No. 265 of June... Continue Reading →
Brazil’s Petrobras could take over marketing of the government’s share of crude from offshore oilfields, a government official told Reuters, adding significantly to the state-run oil firm’s trading operations. In an interview on Monday, the head of Pre-Salt Petroleum, better known by its Portuguese acronym PPSA, said it is close to inking a deal in... Continue Reading →
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels... Continue Reading →
Oct 21, 2019 The National Council of Energy Policy - CNPE, approved the blocks for the 17th Bidding Round, in the Concession modality, scheduled for 2020. 128 blocks will be offered in the maritime sedimentary basins of Pará-Maranhão, Potiguar, Campos, Santos and Pelotas, totaling 64.1 thousand km². The blocks selected for the event are in... Continue Reading →
Oct 18 ,2019 Field areas in the Campos Basin should be included in the ANP permanent offer regime. Petrobras informed the ANP of its interest in voluntarily returning the areas of modules 1 and 2 of the Espadarte field in the Campos Basin. If the order is approved, the areas - which have not been... Continue Reading →
