10/11/18 Phoenix submitted to the ANP the declaration of commerciality of the Northeastern Periquito field, a result of discovery in block POT-T-744, in the Potiguar Basin. In addition to the 744, Phoenix has another exploratory concession, in block POT-T-743. The areas were acquired in Round 13 by UTC and Concriz and were later sold to... Continue Reading →
Repetro makes imports of capital goods grow 970% in the State of Rio de Janeiro
October 11, 2018 Fueled by the oil and gas industry, the state of Rio de Janeiro increased its exports by 24% (US $ 19.1 billion) and its imports by 125% (US $ 16.7 billion) from January to August this year to the same period last year. The main impact was the acquisition of capital goods... Continue Reading →
Murphy Oil, Petrobras in Gulf of Mexico joint venture
The U.S. oil company Murphy Oil has said it will form a joint venture company with Petrobras America, a U.S. subsidiary of the Brazilian oil company Petrobras. The two companies have signed a definitive agreement to create a joint company comprised of all of Murphy’s and Petrobras’ Gulf of Mexico assets. Murphy will be overseeing... Continue Reading →
AET names two LNG dual-fueled tankers for Shell
AET, a petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has named its first LNG dual-fueled aframax oil tanker vessels, Eagle Brasilia and Eagle Bintulu for Shell. According to the company, using LNG as a fuel eliminates sulfur (SOx) emissions by nearly 100 percent, nitrous oxide (NOx) emissions by 85 percent and particulate... Continue Reading →
BP Says Bye to Low Prices as It Plans Projects for Oil Over $60
BP Plc boss Bob Dudley, among the first to say oil will stay lower for longer, is becoming more confident. In a sign of the improving times, the British oil major is now planning its investments at $60-$65 a barrel oil, raising it from $50-$55 last year, Dudley said Wednesday at the Oil & Money conference... Continue Reading →
Exclusive: Brazil’s Bolsonaro would not sell Petrobras in short-term – party chief
Exclusive: Brazil's Bolsonaro would not sell Petrobras in short-term - party chief RIO DE JANEIRO (Reuters) - The far-right front-runner in Brazil’s presidential election, Jair Bolsonaro, has no plans to privatize state-run oil company Petroleo Brasileiro SA (PETR4.SA) in the short-term if elected, the president of his Social Liberal Party told Reuters on Wednesday. Petroleo... Continue Reading →
Brazil does not have the resources to explore the pre-salt, Bolsonaro
PSL candidate for the Presidency of the Republic, Jair Bolsonaro, said on Tuesday night (9/10) that Brazil does not have the resources to explore the pre-salt. "We do not have the resources to explore the pre-salt. They broke Petrobras and in 20, 25, 30 years the energy will be different, "he said in an interview... Continue Reading →
Sonardyne Tech to Support DOF Subsea Ops in Brazil
DOF Subsea has chosen acoustic and inertial navigation technology from Sonardyne Brasil to support its deepwater operations from three vessels offshore Brazil. The three vessels will be equipped with Sonardyne’s SPRINT-Nav all-in-one subsea navigation instrument for underwater vehicles. Read more
PRE-SALT WILL DEMAND 60 WET CHRISTMAS TREES IN THREE YEARS
10/10/2018 Petrobras will need about 60 new wet Christmas trees (ANMs) in the next three years to develop its pre-salt assets. The projected demand is one of the largest in the world for the period, comparable to that of oil companies such as ExxonMobil. The account includes the 12 vertical trees that will be... Continue Reading →
Consolidation among drillers paramount to a recovery, WoodMac says
Monday’s news of the proposed merger between offshore drillers Ensco and Rowan came as no surprise to the energy intelligence group Wood Mackenzie whose analysts have said M&A in the drilling space is of utmost importance for the sector’s recovery. Commenting on the $2.38 billion deal, Leslie Cook, principal analyst, Wood Mackenzie, said: “As we have... Continue Reading →
Brazil Energy Insight 