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April 3, 2019 Petrobras is licensing a campaign to acquire 4D seismic data, with nodes, in the Jubarte field, in the Parque das Baleias, in the Espirito Santo part of the Campos Basin. The campaign will last 161 days. 4D seismic technology is being used for continuous seismic monitoring of oil reservoirs. A pioneering... Continue Reading →
MOSCOW -- More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills in a research project, “Cognitive Geologist”*. The cooperation agreement signed by both companies aims at the development of state-of-the-art broad AI technologies, such as,... Continue Reading →
Neodrill, the innovator in pre-rig well construction technology through its CAN technology, has announced new solutions for subsea templates. This technology is now available to subsea equipment suppliers for worldwide use through licences from Neodrill. Continue reading
Oil and gas company Eco Atlantic has raised cash through a share placement with the proceeds aimed at funding of offshore wells in Guyana. Eco said on Thursday it has conditionally raised, in aggregate, $17 million before expenses through an oversubscribed placing and subscription of, in aggregate, 16,159,695 new common shares of no par value... Continue Reading →
Three groups presented new proposals to buy 90% of the Associated Gas Transporter (TAG) of Petrobras. In addition to the Belgian franc Engie, which had exclusivity to negotiate the terms of the contract with Petrobrás, the Mubadala fund and a consortium led by Macquarie/Itaúsa returned to the dispute. The result should be known between Thursday... Continue Reading →
The dispute over the acquisition of the four Sete Brasil drill rigs will be between the Keppel Fels shipyard and Magni Partners, the only groups that formalized an interest in the deal on the 27th of March. According to documents and minutes of the process to which BE Petróleo had access, Keppel presented a proposal... Continue Reading →
April 3, 2019 The government has come to an understanding with Petrobras on the review of the Transfer of Rights Assignment contract and should submit the terms to the Brazilian Court of Audit (TCU) this week. The economic team came to appreciate that the TCU would not need to endorse the text. Even so, it... Continue Reading →
Pre-salt production in February totaled 1.826 million boe / d, an increase of 3.6% compared to the same month in 2018 and a decrease of 0.6% compared to the previous month. 1,450 million barrels of oil per day and 59.8 million cubic meters of natural gas per day were produced through 88 wells. The... Continue Reading →
04/02/2019 Major global oil companies have looked with interest at Brazil's energy market in search of new opportunities for acquiring renewable assets in the country, seen as one of the most attractive in the world for investments in solar and wind generation, two sources close to Reuters confirm. The move involves at least France's Total... Continue Reading →
04/02/2019 BP has published its contract for the purchase and sale of liquefied natural gas (LNG) for Delivered Ex-Ship (DES) operations, where the seller has the responsibility to deliver the goods to the port of the country defined by the buyer. The purpose of the document is to contribute to the standardization of transactions involving... Continue Reading →
Brazil Energy Insight 