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Jan. 4, 2019 The year begins with important discoveries in the pre-salt. Petrobras and Equinor have informed the National Petroleum Agency (ANP) that they have found signs of hydrocarbons in Peroba and Carcará. The first field is operated by the Brazilian company, while the second belongs to the foreign oil company. In the case of... Continue Reading →
FPSO operator BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of FPSO Polvo operating offshore Brazil. BW Offshore said last Friday that the firm period had been extended from the third quarter of 2019 to the third quarter 2020, with options until 3Q 2022. Continue reading
ExxonMobil has made changes to a 3D survey contract in South America with PGS, excluding one of the two vessels from the deal following a December incident with the Venezuelan navy. The contract for two Ramform Titan-class vessels to conduct the 3D survey in South America was announced on November 14, 2018. Continue reading
Oil major ExxonMobil has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January. The Stena Carron drillship is drilling the well, which is located 19 miles (31 kilometers) east of the Pluma-1 discovery in the southeast Stabroek Block, ExxonMobil said on Monday. The Noble Tom Madden drillship is expected to... Continue Reading →
o de Janeiro, January 4, 2019 - Petróleo Brasileiro S.A - Petrobras, in addition to the Material Fact published on December 21, 2018, informs that its CEO Roberto da Cunha Castello Branco, within the scope of the nomination process for members of the Executive Board, indicated to the Executive Offices of Refining and Natural Gas... Continue Reading →
Brazil’s far-right President Jair Bolsonaro has put economic policy in the hands of a team of University of Chicago-trained economists led by Economy Minister Paulo Guedes who will apply liberal shock treatment to Latin America’s largest economy much as Chile’s “Chicago Boys” did four decades ago under military rule. Continue reading
Petrobras has signed today with Perenco the contracts for the full sale of Petrobras’ stake in the fields of Pargo, Carapeba and Vermelho, the so-called Polo Nordeste, located in shallow waters off the coast of Rio de Janeiro state. The assets The Pargo field was discovered in 1975, and the fields of Carapeba and Vermelho... Continue Reading →
1/4/19 Brazil's PetroRio and Australia's Karoon Energy are among the companies bidding for the Baúna field in the shallow waters of the Santos Basin, which Petrobras has put up for sale, two sources told Reuters on condition of anonymity. With an oil output of around 34,000 barrels per day, Baúna is among the largest mature... Continue Reading →
1/4/19 Ibama issued 20 drilling licenses in 2018, a significant jump over the previous year when only one license was granted - for Equinor to drill in the BM-S-8 block in the Santos Basin. The Norwegian oil company and Petrobras were granted six licenses each, in the first case to conduct activities in Carcará, in... Continue Reading →
A great start, a disturbing ending, and a lot of excitement. Here’s Bassoe Offshore’s 2018 recap. By: David Carter Shinn, Bassoe Offshore Happy New Year! A lot of us might want to forget 2018, but there’s a lot worth remembering. We’ll be back later with our thoughts on 2019. Presented with no further comment, here’s our summary of the year gone by. If... Continue Reading →
Brazil Energy Insight 