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3/18/1919 Açu Petroleo and Equinor signed a contract to carry out ship to ship operations at the company's Petroleum Terminal (T-OIL) at the Porto Açu Complex, in São João da Barra (RJ). For three years, starting in January 2020, the agreement provides for the relief of production of the Norwegian oil company in the Roncador... Continue Reading →
Tullow’s Orinduik Block offshore Guyana has been given a boost to 3,981 mmboe Gross Prospective Resources (P50), following an independent competent person’s report by Gustavson Associates. Eco Atlantic Oil & Gas, a partner in the block, said on Monday that the P50 reserves in the Orinduik Block were boosted by the CPR from 2,913 mmboe... Continue Reading →
March 15, 2019 RIO - Petrobras president Roberto Castello Branco said on Friday that his mandate was to transform the state company as close as possible to a private company, given the impossibility of privatizing the company. "I believe that in the first four months of the year we will have announced divestitures of $... Continue Reading →
15/03/19 Queiroz Galvão Exploration & Production (QGEP) is already drilling the third well of Atlanta's anticipated production system in the Santos Basin. Performed by the Constellation's Laguna Star drillship (QGOG), the campaign began at the end of February and will last for up to three months. The projection is that the system-producing well, named 7-ATL-4HB-RJS,... Continue Reading →
15/03/19 Karoon is conducting a new process of farm-out of its assets in the Santos Basin. It encompasses the S-M-1037, S-M-1101, S-M-1102 and S-M-1165 blocks, all operated by the company with a 100% stake. The Australian oil company said in a report published that a data room with the geotechnical material of the areas will... Continue Reading →
15/03/19 The installation of the last stretch of the Rota 3 gas pipeline, which will connect the pre-salt to Comperj's Natural Gas Processing Unit , is about to begin. According to the schedule established in the contract between Petrobras and McDermott, the execution of the pilot hole of arrival at Praia de Jaconé, in Maricá... Continue Reading →
Norwegian oil services company Aker Solutions has become a shareholder in thermoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas. Airborne Oil & Gas said on Friday that Aker Solutions joined a shareholder base which includes Chevron, Evonik Venture Capital, Saudi Aramco, Shell, Subsea 7, Sumitomo Corp. and the private equity investor, HPE Growth Capital.... Continue Reading →
PetroRio plans to begin its first drilling campaign in the Frade field in the first quarter of 2020. According to financial director Blener Mayhew, the Brazilian company is studying ways to accelerate exploratory work on assets. "There is interest from drilling companies to finance the operation. It would be an interesting situation that could... Continue Reading →
Oslo-listed FPSO operator BW Offshore has entered into an agreement to acquire the remaining 30% of the Maromba field offshore Brazil for a total acquisition cost of $25 million from Chevron. To remind, BW Offshore revealed its plan to acquire 100% of the Maromba field from Petrobras (70%) and Chevron (30%) in early March. Days... Continue Reading →
Australian oil and gas explorer Karoon has started tendering for a drilling rig which will drill the Marina-1 well offshore Peru. Karoon and its farm-in partner Tullow have set a target to drill the Marina-1 exploration well during early 2020. This will be the first well drilled in the Block Z-38 where, following the changes... Continue Reading →
Brazil Energy Insight 