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The secretary of oil and natural gas of the Ministry of Mines and Energy, José Mauro Ferreira, announced that the government should approve in December the so-called Promar – Mature Offshore Fields Revitalization and Incentive Program. The announcement was made during the opening of the Mossoró Oil & Gas event in Rio Grande do Norte.... Continue Reading →
Oilfield services provider Aker Solutions has won a framework agreement with Equinor to provide maintenance and modifications services at the Peregrino field, offshore Brazil. The contract has a fixed period of four years and includes an option for a two-year extension, Aker Solutions said on Monday. The new contract means an expansion of the more... Continue Reading →
Suriname's Staatsolie has offered eight offshore exploration blocks in the shallow waters off the coast of South America's smaller country up for bidding. Staatsolie, the national oil company of Suriname, said the blocks, covering around 13,524 km2, are located in the currently unlicensed and underexplored shallow offshore acreage of Suriname. The blocks are located in... Continue Reading →
Norwegian energy intelligence group Rystad Energy has said that oil and gas exploration activity in 2020 has been resilient, despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in decades. "Found resources already exceed 8 billion barrels of oil equivalent (boe) and are projected to settle at around 10 billion boe... Continue Reading →
A joint venture between Brazil’s Ocyan and Altera Infrastructure (formerly Teekay) has been awarded a contract by Karoon for the charter of the FPSO Cidade de Itajaí, which is operating on the Baúna field offshore Brazil. As previously reported, Karoon has finally taken over the operatorship of the Baúna field, located in the Santos Basin offshore Brazil.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/24/2020 and 07/28/2020, informs that it has concluded today the sale of its entire stake in the Baúna field (BM-S-40 concession area), located in shallow waters in the Santos Basin, to Karoon Petróleo & Gás Ltda (Karoon), a subsidiary of Karoon Energy Ltd.... Continue Reading →
The National Petroleum Agency (ANP) launched a special edition of its monthly bulletin of oil and gas production in Brazil, a document that is completing ten years of existence. Among the highlights of the new report, is the evolution of the pre-salt fields. From 2010 to the present day, production in the area grew almost... Continue Reading →
Offshore engineering and construction firm McDermott on Thursday announced the second shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japans' Modec. The new shipment comes just weeks after the first shipment of modules sailed away from McDermott's Altamira fabrication facility in Mexico to be installed on the FPSO named... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on August 7, 2020, informs the beginning of the binding phase regarding the sale of its entire stake in the fields in shallow waters of Tuna, Curimã, Espada and Xaréu (Ceará Cluster), located in the state of Ceará. Potential buyers qualified for this phase... Continue Reading →
In November 2007 Brazil’s national oil company, Petrobras, shocked the E&P world by announcing a 5-to-8-Bbbl discovery in a completely unknown geological play: carbonate reservoirs below a 2-km layer of salt, offshore Brazil, in a 2,000-m water depth. This announcement marked the beginning of a complete turnaround in the history of Brazil’s oil and gas... Continue Reading →
Brazil Energy Insight 