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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 environmental regulator Ibama said on Friday it had denied a permit to French oil major Total SA to drill in the environmentally sensitive Foz do Amazonas Basin for a fifth and final time. Ibama said in a statement that it agreed with a technical assessment that indicated oil exploration in the area would present... Continue Reading →
Dec 7 (Reuters) - A Brazilian labor court suspended a deal between Petroleo Brasileiro SA and 3R Petroleum, documents seen by Reuters show. The judge said that Petrobras’ board of directors approved the deal without the presence of its employee representative. Petrobras announced a $453 million agreement with oil company 3R Petroleum over 34 oil... Continue Reading →
Brazil’s incoming mines and energy minister, Bento Albuquerque, supports more nuclear and wind power development to diversify the country’s energy matrix, while saying hydropower had reached its limit, newspaper Folha de S.Paulo reported on Friday. Albuquerque favors restarting construction of the Angra 3 nuclear power plant, which has been halted since 2015, as well as... Continue Reading →
Petrobras (“Petrobras”) (NYSE: PBR) announces the commencement of offers by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to purchase for cash PGF’s notes (all such notes appearing in either tables below, the “Notes” and each a “series” of Notes), for an aggregate purchase price, excluding accrued and unpaid interest, of up to US$1,500,000,000, divided... Continue Reading →
The FPSO "Pioneer of Libra" completes one year of operation in the field of Mero and the completion of the first Long-Term Test, a process to evaluate the behavior of the oil reservoir, at the Libra field. Safety and environment indicators reinforce the success of the vessel, which surpassed the mark of nine million barrels... Continue Reading →
Brazil Energy Insight 