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Jun 10, 2020 Ocyan offers the oil and gas sector a new paradigm for drilling in water depths below 500 meters using a drillship in dynamic positioning, without the use of anchoring. The novelty was achieved for the first time last month with the Norbe VIII rig, in the Albacora field, in the Campos Basin... Continue Reading →
Mexico’s state oil giant is suspending contracts with service providers and suppliers, triggering thousands of job losses, people with direct knowledge of the situation said. Over the past several weeks, Pemex has suspended contracts with at least eight local and international oil-service providers and suppliers to cut spending, said the people, who asked not to... Continue Reading →
June 9, 2020 The decision of the National Energy Policy Council (CNPE) to authorize the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to reduce royalties to the legal minimum of 5% in small or medium-sized company fields, can benefit - if current rules are maintained - 24 companies that operate mainly on the... Continue Reading →
London-listed oil company Bahamas Petroleum (BPC) has been awarded the AREA OFF-1 petroleum licence offshore Uruguay. BPC said on Tuesday that it was chosen as the successful applicant for the award of an exploration licence offshore Uruguay by the Uruguayan national regulatory agency, ANCAP. Continue reading
Jun 5, 2020 Important news for the oil and gas sector from Brasilia. The National Energy Policy Council (CNPE) approved incentives for small and medium-sized companies in the exploration, development and production of oil and natural gas. The collegiate also gave the approval for the National Petroleum Agency (ANP) to define and bid blocks... Continue Reading →
Jun 3, 2020 Petrobras will sell the gas fields Pescada-Arabaiana production project, located in the shallow waters of the Potiguar Basin. The oil company is about to conclude direct negotiations with Ouro Preto, current partner in the project, to sell its 65% stake in the asset located in the Rio Grande do Norte shallow waters,... Continue Reading →
June 2, 2020 ANP is publishing the Monthly Bulletin of Oil and Natural Gas Production with detailed data for April 2020. This month, production in the Pre-salt was 2.597 MMboe / d (million barrels of oil equivalent per day), the which corresponds to 69.5% of the national total. 2,057 MMbbl / d (million barrels per... Continue Reading →
June 01, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 05/04/2020, announces the beginning of the non-binding phase regarding the sale of its stake (35%) in the Manati Field, a shallow water maritime production concession located in the Camamu Basin, in the State of Bahia. Potential buyers qualified for this... Continue Reading →
May 27, 2020 Petrobrás projects a gradual recovery in the price of oil over the next five years, until it returns to the level of US $ 50 per barrel - double the average price projected for this year, of US $ 25. As the scenario improves, it should also reduce the company's debt, from... Continue Reading →
May 25, 2020 Petrobras will hold an electronic international auction in July to dispose of three semi-submersible platforms that operated in the Campos Basin. The units in question are platforms P-7, P-12 and P-15. The virtual bidding is scheduled for July 9 and will take place on the auctioneer João Emílio's website. The information was... Continue Reading →
Brazil Energy Insight 