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Equinor made its first discovery in the area of Norte de Carcará, in the pre-salt of the Santos Basin. The petroleum evidence was found by the West Saturn rig during the drilling of the 3-EQNR-1-SPS well, in a water depth of 2,052 thousand m. The registration was made just over two months after the drilling... Continue Reading →
Waypoint Leasing Holding, one of the world’s largest helicopter leasing companies which recently filed for bankruptcy protection, is set to be acquired Macquarie Group. According to agreements signed last week, Macquarie will buy the offshore helicopter leasing specialist for $650 million. Macquarie Rotorcraft Leasing will combine the Waypoint helicopter assets and management platform with its... Continue Reading →
A small amount of crude oil belonging to Royal Dutch Shell Plc leaked during a ship-to-ship oil transfer in Brazilian waters last month, the company confirmed to Reuters on Monday. About 200 milliliters of crude were released on Nov. 30 during the maneuver, which was halted after the drip was detected, Shell said, adding... Continue Reading →
The country faces key downstream and infrastructure challenges Efforts to reform Brazil's downstream fuels market illustrate the tension between trying to move away from over-arching state control, but also placate a populace angry after corruption scandals and economic austerity. Under existing law, Petrobras plays the role of the country's sole supplier, but this no longer... Continue Reading →
Appointment of ‘Chicago Boy’ to head state-owned giant reinforces reform agenda optimism The incoming Bolsonaro regime in Brazil will appoint Roberto Castello Branco as the new CEO of state-owned oil firm Petrobras, in a move that has bolstered confidence that the new administration will continue to pursue a reformist agenda. Castello Branco is currently a... Continue Reading →
Seismic services player Spectrum is starting a large 3D survey in the Potiguar basin offshore the Equatorial Margins of Brazil. The survey comprises 10,700 square kilometer covering blocks that were recently awarded in the 15th license round and open acreage blocks scheduled for the 17th Round in 2020, Spectrum said on Monday. The Potiguar survey... Continue Reading →
10/12/18 Petrobras has extended the tender offer date for chartering a 2,400 m drilling rig that will be allocated to the BM-S-11 project in the Santos Basin. The deadline was set for December 13, but the bidding committee transferred the date to December 27. Postponement surprised the market. As Petrobras finalized the Mero rigs process... Continue Reading →
U.S. independent Hess Corporation will allocate 75% of its 2019 E&P capital and exploratory budget of $2.9 billion to high return assets in the Bakken and Guyana. About $570 million will be spent on offshore developments. Hess announced its 2019 E&P capital and exploratory budget of $2.9 billion on Monday. This is an increase compared to this year’s E&P capital and exploratory budget of... Continue Reading →
Dec, 2018 Shell Brasil has entered into a partnership agreement with ABS, SBM Offshore and Coppe / UFRJ to develop tools for the evaluation, development and implementation of new technologies to increase operational safety, reduce costs and increase productivity and efficiency, in real time, from the impact of operational philosophy and environmental conditions on the... Continue Reading →
Rio de Janeiro, December 10, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact of 10/08/2018, announces the beginning of the non-binding phase related to the sale of its entire equity share in three onshore production fields (Lagoa Parda, Lagoa Parda Norte and Lagoa Piabanha), located in the state of Espírito Santo,... Continue Reading →
Brazil Energy Insight 