Brazil’s state-run oil company Petrobras (PETR4.SA) and France’s Total (TOTF.PA) on Friday agreed to buy millions of barrels of oil cargo from the Brazilian government, its first successful auction of its share of output from the pre-salt offshore play. Read more
Exclusive: Brazilian leftist meets investors to tame fears of PT return to power
Fernando Haddad, the Workers Party vice-presidential candidate who could be catapulted to Brazil’s presidency if Luiz Inacio Lula da Silva is barred from running, has quietly met with major investors to tame fears of a leftist return to power. Read more
Petrobras Third Phase of the Diesel Price Subvention Program: Adjustment of sale prices
Rio de Janeiro, August 31, 2018 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 8/7/18, informs that, due to the methodology established in the National Agency of Petroleum, Natural Gas and Biofuels (ANP) Resolution no. 743, of 8/27/18, the diesel price increase in the international market, and the exchange rate... Continue Reading →
Brazil’s economic growth picks up in second-quarter despite truckers’ strike
The Brazilian economy accelerated slightly in the second quarter despite a nationwide truckers’ strike, as a slow and uneven recovery rumbled on ahead of presidential elections in October. Read more
TDI-Brooks Deploys Proteus in Brazil Under TGS Contract
TDI-Brooks International has, under contract with TGS, deployed the R/V Proteus to Brazil to begin an offshore coring program with advanced geochemistry analysis. The multi-client program in Brazil will span over 4 months for the Proteus, to include 330 Piston Cores, 33 JPCs and 33 HF sites, with a second phase to start early 2019. The... Continue Reading →
Guyana: Tullow eyes first Orinduik well location as Exxon hits ninth discovery
ExxonMobil’s latest oil discovery offshore Guyana has de-risked the Tullow-operated Orinduik block, making Tullow almost ready to pick the location for the first well on this license. ExxonMobil on Thursday announced a new oil discovery of 60 meters (197 feet) of net pay of high-quality, oil-bearing sandstone reservoir in the Hammerhead-1 well located in the Stabroek... Continue Reading →
BW Offshore swings to loss
FPSO operator BW Offshore booked a loss for the second quarter of the year but the company is experiencing improved FPSO market activity. According to BW’s report on Friday, the company’s operating revenues for the second quarter of 2018 were $200.2 million compared to $163.4 million in the prior-year period. The company recorded a net loss... Continue Reading →
ExxonMobil makes its ninth discovery offshore Guyana
U.S. oil major ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. It is worth reminding that ExxonMobil announced its eighth discovery offshore Guyana in June. Read more
Resumption of operations at Paulínia Refinery (Replan)
Rio de Janeiro, August 29, 2018 – Petróleo Brasileiro S.A. – Petrobras, following up on the press releases disclosed on 8/23/2018 and 8/27/2018, informs that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) authorized today Paulínia Refinery (Replan) to resume production. The resumption of operations of the unaffected units will occur safely, according... Continue Reading →
Brazil regulator approves Shell, Total, BP, others for pre-salt oil bids
(Reuters) - Brazil’s oil industry regulator ANP said on Wednesday it has approved six energy companies to bid for four pre-salt blocks in the Campos and Santos Basins to be auctioned on Sept. 28. The companies approved to bid are Shell, Total, BP, Germany’s DEA, QPI from Qatar and Chinese-owned CNODC Brasil Petróleo e Gás... Continue Reading →
