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Norwegian oil and gas giant Equinor has added seven offshore exploration blocks to its portfolio – five as the operator and two as a partner – after presenting winning bids in the 1st Offshore Licensing Round in Argentina. The bid round was arranged in Buenos Aires on April 16. Equinor submitted the winning bids for... Continue Reading →
Oil major Shell has executed an integrated services contract with U.S. oilfield services provider Halliburton for post-salt development and pre-salt exploration in Brazil’s Campos and Santos Basins. Under the contract, which includes a three-year term with a two-year extension, Halliburton will provide drilling services to drive greater efficiency by integrating multiple product offerings and technologies,... Continue Reading →
4/17/2019 The FPSO Cidade de Itajaí reached, in the last week, the mark of 100 million bopd produced in the field of Baúna, in the Santos Basin. Operated by the 50/50 Teekay-Ocyan joint venture, the FPSO was installed six years ago, in a water depth of 1 thousand m. According to ANP data, the city... Continue Reading →
4/17/2019 Vallourec was hired by TechnipFMC to supply seamless steel tubes to the Mero 1 field in the Santos Basin pre-salt. The supply will begin later this year. There will be 12,000 t of pipes for the construction of rigid risers and flowlines to interconnect 13 wells (six of which are production and seven of... Continue Reading →
April 17, 2019 The government postponed for next year the discussion on the definition of exploratory oil and gas blocks in a promising pre-salt area located beyond the limits of the Exclusive Economic Zone (EEZ), 200 nautical miles off the Brazilian coast. The issue will not be discussed at a meeting of the National Energy... Continue Reading →
Rio de Janeiro, April 17, 2019 – Petróleo Brasileiro S.A. - Petrobras reports that it has received correspondence from Caixa Econômica Federal ("Caixa") informing that it is studying the possibility of selling shares that they hold issued by Petrobras, having formed a syndicate of financial and legal advisors to evaluate viable alternatives, with the possibility... Continue Reading →
4/15/19 Engie is mapping areas for natural gas storage in Brazil. Done in partnership with Petrobras and ANP, the study looks at depleted fields, already at the end of their useful life from the point of view of production. Engie Brasil's director of natural gas and infrastructure, Emmanuel Delfosse, explained to BE Petróleo that balancing... Continue Reading →
In recent decades, in Brazil, natural gas has been seen as an unwanted by-product, almost a refuse of oil extraction. Its most obvious destination is usually the reinjection in the producing wells or in flaring pure and simple. With a pipeline network inferior to the one in the Netherlands, although it has 197 times greater... Continue Reading →
Japan’s MODEC has concluded financing for an FPSO charter project, which will be used on the Eni-operated Area 1 block offshore Mexico. To remind, Eni’s development plan for the discoveries of Amoca, Miztón, and Tecoalli within the Offshore Area 1 located in the shallow waters of the Campeche Bay was approved by Mexico’s National Hydrocarbon... Continue Reading →
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 March 31, 2019 (“1Q2019”). All figures are expressed in US Dollars and growth... Continue Reading →
Brazil Energy Insight 