9/13/18 Company will acquire data in the Barracuda and Caratinga fields, in the Campos Basin DOF Subsea signed a contract with Petrobras to provide data acquisition services with AUV (autonomous underwater vehicle) in the Barracuda and Caratinga fields, in the Campos Basin. The work in the fields, which are located in water depths ranging from... Continue Reading →
Total enters Orinduik block offshore Guyana
French oil major Total has exercised its option to acquire a 25 percent working interest in the Orinduik block offshore Guyana after a competent persons report identified potential for almost three billion barrels of oil equivalent. Eco Atlantic, a partner in the Tullow-operated Orinduik block, said on Thursday that Total E&P Activités Pétrolières, a wholly-owned... Continue Reading →
Petrobras Arbitration in Argentina
Rio de Janeiro, September 12, 2018 - Petróleo Brasileiro S.A. – Petrobras informs that it was served yesterday of an arbitration filed by Consumidores Financieros Asociación Civil para su Defensa ("Association") against the company and other individuals and legal entities, before the “Tribunal de Arbitraje General de la Bolsa de Comercio de Buenos Aires”. Among... Continue Reading →
Petrobras no longer functions as an arm of government, says ANP director
September 13, 2018 The director general of the National Agency for Petroleum, Natural Gas and Biofuels (ANP), Décio Oddone, believes that the oil and gas sector in Brazil is facing an unprecedented moment in its history, marked by the shrinking performance of Petrobras and the approximation of the national market to the global with regard... Continue Reading →
Brazil’s Lula Names Heir Amid Heated Presidential Campaign
Brazil’s imprisoned leader Luiz Inacio Lula da Silva on Tuesday endorsed his running mate Fernando Haddad as his party’s presidential candidate after electoral officials barred the leftist icon from running in the October election. The endorsement came just before the end of a Sept. 11 deadline for the Workers’ Party to name a replacement for Lula, who... Continue Reading →
Enpro Subsea turns attention to Brazilian market
Aberdeen-based oil and gas production optimization specialist, Enpro Subsea, has made a new senior advisor appointment in the Americas as part of its plans to expand in Brazil. The company has appointed Francesco Santoro as its strategic consultant in South America. Primarily based in Rio de Janeiro, Santoro has more than 40 years’ experience in... Continue Reading →
Petrobras enters new phase of exploration
September 12, 2018 Less than a year after acquiring Peroba, in the Santos Basin pre-salt, Petrobras plans to start the exploratory campaign in the area next month. The drilling marks a new cycle of exploration of the company, concentrated in the 20 assets acquired in the auctions of the National Petroleum Agency (ANP) since last... Continue Reading →
Petrobras Debt prepayment with ICBC Leasing
Rio de Janeiro, September 12, 2018 - Petróleo Brasileiro S.A. – Petrobras informs that, on 09/10/2018, it prepaid US$ 750 million related to the financial leasing contract of P-52 platform executed in March 2016 with ICBC Leasing (Industrial and Commercial Bank of China Leasing), with original maturity on March 2026. The transaction is in line... Continue Reading →
Petrobras Day 2018 | CEO Ivan Monteiro | London
See attached presentation Apresentacao-Investor-Day-Londres-12-09-2018-Ingles
Guyana: Almost three billion boe of recoverable oil potential found in Orinduik block
A competent persons report (CPR) on Tullow Oil’s Orinduik block offshore Guyana has identified 2,9 billion barrels of oil equivalent of P50 (best estimate) reserves. Eco Atlantic, Tullow’s partner in the Orinduik block, said on Tuesday that the first-ever CPR on the Orinduik block was prepared by Gustavson Associates LLC. The company added that the 2,9... Continue Reading →
Brazil Energy Insight 