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The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and U.S. sanctions on Venezuela and Iran, the International Energy Agency said in a report on Wednesday. The IEA left its demand growth forecast for 2019 unchanged from its last report in January... Continue Reading →
February 13, 2019 Average of the company was 107 thousand bopd in 2018, boosted by the development of the Lula field Galp's total oil and gas production increased 15% in 2018, boosted by Brazil and Angola. The average annual production value was 107 thousand bopd. In Brazil, the increase was due to the development of... Continue Reading →
February 13, 2019 The government has begun the round of meetings with operators to deal with the auction of the Transfer of Rights Assignment surplus. At this stage, no values will be discussed, such as the signature bonus and the Union participation in the production sharing, but present the rules of operation of the auction.... Continue Reading →
February 12, 2019 IOCs direct investments to the South Atlantic is consolidating itself as a supply hub In its latest financial report, released on March 8, Spectrum Geo seismic service provider noted that international oil companies are increasingly directing resources to E & P activities in the South Atlantic, especially in Brazil. "Our investments have... Continue Reading →
After the resumption of negotiations for the sale of TAG, the talks with Engie "have advanced faster than expected," Valor reports. The French group, which according to the newspaper, in partnership with the Canadian fund CDPQ, offered US $ 8 billion for the gas carrier of Petrobras, which operates 4.5 km of pipelines in northern... Continue Reading →
12/02/19 Petrobras and Ocean Rig will sign until the beginning of March the charter contracts for Deepwater Mikonos and Deepwater Corcovado, which will operate exclusively in the Mero field in the Santos Basin. The contracting of the equipment will be submitted to the oil company's board of directors approval on Thursday (14/2), almost three months... Continue Reading →
12/02/19 Equinor and Schlumberger will implement a pioneering contractual model in the Brazilian offshore, integrating drilling and well construction to the management of the rig that will operate in the second phase of Peregrino II, in the Campos Basin. Rather than chartering a rig one owned by a rig operator, Equinor chose to commission the... Continue Reading →
12/02/19 PetroRio, QGEP, Shell and Total go to the market to contract offshore vessels PetroRio is hiring a PSV 4500 to support its drilling campaign at the Polvo field in the Campos Basin. The charter period will be 150 days, with the option of ten extensions of 15 days, and the vessel will be mobilized... Continue Reading →
Shell Brasil has agreed a partnership with underwater sensor technology company Sonardyne and Brazilian research institute Senai Cimatec to develop autonomous technology to make the monitoring of Brazil’s challenging deepwater pre-salt oil fields more efficient. The new 4D seismic monitoring system, based on so-called On Demand Ocean Bottom Nodes, is being developed under a National... Continue Reading →
Rio de Janeiro, February 12, 2019 - Petróleo Brasileiro S.A. – Petrobras reports that its Integrated Report and the 2018 Annual Results will be released on Wednesday, February 27, after market closing. Accordingly, the company will be unable to comment or provide clarifications regarding financial results or perspectives before said release. On February 28, 2019,... Continue Reading →
Brazil Energy Insight 