12/12/2018 HOUSTON -- AFGlobal has announced the launch of their Performance Drilling platform, a unique combination of equipment and software aimed at the onshore and shallow water drilling markets. AFGlobal's Performance Drilling platform incorporates equipment and software to seamlessly support rig operations with fundamental capabilities, including: applying surface back pressure set point pressure control... Continue Reading →
Vitol, rival oil traders in spotlight of Brazil bribery probe
Brazil’s epic “Car Wash” corruption investigation has taken down presidents and elite businessmen, and led to the largest corporate leniency deal ever signed. But graft allegations lodged by prosecutors last week against four of the world’s largest oil trading companies - Vitol SA, Trafigura, Glencore PLC and Mercuria Energy Group - have opened an... Continue Reading →
Milton Friedman’s Brazil Moment: Band of Disciples Takes Charge
Paulo Guedes, the man tasked with fixing Brazil’s economy, likes to remind everyone that he’s a University of Chicago man. In interviews, he gushes at every opportunity about his days studying there under Milton Friedman. “Nobody had better training than me,” he proclaimed earlier this year. And if the message weren’t clear enough, Brazil’s incoming... Continue Reading →
Brazil central bank holds rates at all-time low, as expected
BRASILIA/SAO PAULO (Reuters) - The Brazilian central bank on Wednesday held interest rates at an all-time low, as widely expected, and hinted that it will likely hold off from raising them for longer than expected. The bank’s nine-member monetary policy committee, known as Copom, kept the benchmark Selic rate at 6.50 percent for a sixth... Continue Reading →
Petrobras fields on offer
12/12/18 Petrobras this week began the non-binding phase of the sale of its holdings in the land fields of Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha in Espírito Santo. Together, Lagoa Parda's cluster produced 35 boed in October, according to more recent ANP data. BE Petróleo details the production of the other fields included... Continue Reading →
Spectrum is initiating a 3D seismic survey in the Potiguar Basin
12/2/18 Acquisition area covers blocks of the 15th round and 17th round, scheduled for 2020 Spectrum is initiating a 3D seismic survey in the Potiguar Basin. The survey covers about 10,700 square kilometers, in areas with blocks that were recently offered in the 15th round and blocks to be offered in the 17th round,... Continue Reading →
PGS opens office in Rio de Janeiro
12/12/18 PGS inaugurated a new office in Rio de Janeiro. The office was opened on 3 December by Norwegian Consul General Sissel Steen and PGS Executive Vice President Sales and Marketing Nathan Oliver. The office is at Rua do Passeio, number 38/40. In October, PGS completed the data processing of the "Potiguar Aracati 3D GeoStreamer"... Continue Reading →
After IBAMA turndown, Total invites NGOs to the exploration area in Guyana
Company starts strategy to improve the image of the exploration in the region before the French public opinion December 12, 2018 Four days after Ibama's refusal to license blocks in Foz do Amazonas, Total began a campaign on Tuesday to improve the image of the company's exploration projects in the region. Total was authorized on... Continue Reading →
Mero II FPSO tender has further postponement
11/12/18 The Libra consortium again postponed the tender submission deadline for chartering the second Mero definitive FPSO, postponing the deadline to February 14. The strategy to change the date was set last week and surprised the market, which this time hoped the opening of the envelopes would be held for December 14, with no further... Continue Reading →
Brazil: Total denied approval to drill in Foz do Amazonas
French oil company Total has been denied an environmental license to drill for oil in the Foz do Amazonas area, offshore Brazil. Brazilian business news agency O’Globo has reported that the country’s environmental protection agency Ibama had denied the license “citing technical” problems in the plans presented by the company. O’Globo has further reported that... Continue Reading →
Brazil Energy Insight 