December 6, 2018 Petrobras will no longer pursue the goal of producing 6 million boe / day within five years. BE Petroleo has determined that the oil company intends to reach an average annual production of 3 million boe / day to 3.5 million boe day, in the medium term. The premise was established in... Continue Reading →
Bassoe: Whatcha gonna do with all those rigs, China?
There’s still over 50 newbuild jackups stranded in Chinese shipyards. It’s the end of 2018, and nobody knows when or how many of those rigs are coming to the market. Everyone knows China’s got an issue with the amount of capital the shipyards tied up during the jackup newbuilding boom that started over eight years ago.... Continue Reading →
Mexico’s President Calls for Oil Bid Hiatus Until Companies Show Results
This may be good news for Brazil Mexico’s newly inaugurated president Andres Manuel Lopez Obrador is turning up the heat on foreign oil companies to show results before he holds new auctions. “We can’t continue giving oil territory if there’s not a more significant investment” from foreign oil companies in Mexico, he said in a... Continue Reading →
IHS Markit to floating rig owners: Curb your enthusiasm!
Following several years of depressing market conditions, offshore rig owners have started showing optimism about the market outlook, encouraged by a recent rise in oil prices and the expectations that the oil majors must start spending more on exploration after years of underinvestment. However, it’s worth noting that the oil prices and underinvestment are not... Continue Reading →
Transocean wraps up $2.7B Ocean Rig acquisition
Offshore drilling giant Transocean has become even bigger as it on Wednesday evening announced the completion of the acquisition of Ocean Rig UDW, an ultra-deepwater drilling specialist. However, it’s not the size that’s driving the acquisition, it’s the quality. In a brief update, Transocean said the acquisition added nine high-specification ultra-deepwater drillships, two harsh environment... Continue Reading →
Marco Guerra comments the on the Petrobras Investment Plan
The general manager of the Campos Basin Operations Unit (UO-BC), Marco Guerra, during the closing meeting of the activities of the Petro-Campos Basin Network, which took place on Tuesday morning (04), at the Sesi de Macaé, presented data from the Petrobras Business and Management Plan (2018-2022). By raising the investment outlook from US $ 10... Continue Reading →
Petrobras Business & Management Plan
Get information on the 2018-2022 Business and Management Plan. Access the presentation and the Material Fact below. Apresentacao-PNG 2019-2023-WEBCAST-Ingles
Ensco drill rig goes to the deep waters of French Guiana
12/5/18 The rig, which was being negotiated by Total Brasil, will operate in the neighboring country, contracted by Total Guyana. The Ensco drill rig DS-9 departed last week from Cape Town, South Africa, to French Guiana, where it will make its debut campaign for Total Guyana. The work program foresees the drilling of an... Continue Reading →
Ocyan, Magma and Brasfels form joint venture for risers system
12/5/18 The three companies have come together to produce and market a riser tower system that enables hybrid solution Ocyan, Magma and Brasfels signed on Tuesday (4/12) an agreement for the production and commercialization of CompRiser solution, a riser tower system that makes possible a hybrid system of such equipment. The signing of the alliance... Continue Reading →
Sepia field subsea tender gets longer deadline
12/5/18 Petrobras continues to delay the delivery of proposals to provide engineering services, installation, subsea interconnection of rigid pipelines and supply of goods associated with the Sepia field, in the Santos Basin. The new deadline stated on Petronect is 17/12, one week after the last scheduled date. "It's a normal Petrobras process. There are hundreds... Continue Reading →
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