Brought to you by Quest Offshore & Southern Cone Consultants
3/26/19 Petrobras registered a new discovery in the field of Jandaia Sul, in the Recôncavo Basin. Evidence of oil was found in well 7-JNDS-3DP-BA. The onshore field was acquired by Petrobras in the 12th Round of concessions, with 100% participation. In January, production of Jandaia Sul was 64 bopd and 351 m³ / d of... Continue Reading →
3/26/19 Ocyan has partnered with Canada's Tube-Mac to provide pipeline installation and assembly technology solutions to the offshore segment. The company has technology that allows the installation and assembly of pipes by cold and weldless connections. Abroad, the solution is used by Equinor, Shell, Chevron, Aker Solutions and NOV. The initiative of Ocyan is part... Continue Reading →
Rio de Janeiro, March 26, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that yesterday its Executive Board approved a change in the frequency of diesel prices adjustment. Diesel prices at the company's refineries, which correspond to around 54% of the final consumer prices, will be adjusted by periods of not less than 15 days.... Continue Reading →
03/25/2019 Petrobras and Açu Petróleo (a partnership of Prumo Logística and Oiltanking) have signed a contract to carry out ship-to-ship operations at the company's Petroleum Terminal (T-OIL), located in the Açu Port Complex in northern Rio de Janeiro. The contract lasts 24 months and provides for up to 48 operations with Suezmax and VLCC (Very... Continue Reading →
03/25/2019 One year after the application of the new rules of the State Companies Law (13,303 / 16), Petrobras has already contracted almost R $ 1 billion and accounts for more than 1,500 public bids. The new system introduced a different bidding process and brought new suppliers to the company, making processes more competitive... Continue Reading →
Brazilian oil and gas company PetroRio has closed the acquisition of Chevron’s subsidiary which holds a 51.74% interest in the concession and operation of the Frade field offshore Brazil, along with a proportional stake in the operating assets of the field. As reported at the end of January 2019, PetroRio entered into a share purchase... Continue Reading →
Petrobras forecasts a budget of R $ 54.711 billion for this year. The budget proposal will be presented at the shareholders' meeting on April 25. The priority is in the exploration and production sector, which should require R $ 43.788 billion. Another R $ 9.864 billion will be allocated to the refining, gas and energy,... Continue Reading →
The exploratory block C-M-541, in deep waters of the Campos Basin, will have the highest minimum bonus of the 16th round of bids of ANP, which had its pre-edict and the agreement draft released. The area, which is adjacent to the BM-C-33 block, operated by Equinor and where Pão de Açúcar's natural gas discovery is,... Continue Reading →
Malaysian company Sapura Energy has turned to profit in the fourth quarter ended January 31 (fiscal year 2019), with the result boosted by a recent sale of a stake in E&P business to Austrian OMV. Sapura Energy, a company which has three lines of business – Exploration and Production, Drilling, and Engineering & Construction –... Continue Reading →
22 March, 2019 The ANP board approved last Friday (22/3), the pre-edict of the 16th Round of Bids Exploratory Blocks, scheduled to be held on October 10. The round will offer 36 blocks in five sedimentary basins (Campos, Camamu-Almada, Jacuípe, Pernambuco-Paraíba and Santos), with a total area of 29.3 thousand square kilometers. One of the... Continue Reading →
Brazil Energy Insight 