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Oil and gas company Tullow Oil and its partners have decided to drill an exploration well in Block 47 located offshore Suriname next year. Tullow said in an operational update on Wednesday that together with its Joint Venture Partners it had decided to enter the second phase of operations in Block 47. Continue reading
TechnipFMC’s flagship deepwater pipelay and construction vessel Deep Blue is embarking on a major subsea project laying pipeline on the Peregrino Phase 2 Project in the Campos Basin offshore Brazil. TechnipFMC was awarded an engineering, procurement, construction and installation contract by Equinor, then Statoil, for the Peregrino Phase II Project back in September 2017. The... Continue Reading →
July 23, 2019 The ANP approved a two-year extension of the first phase of exploration of blocks CE-M-603 and POT-M-475, located in the Ceará and Potiguar basins, respectively. Both are operated by ExxonMobil in partnership with Azibras. With this, the first exploratory period of the assets will expire in July, in the case of CE-M-603,... Continue Reading →
July 22, 2019 Operators are expected to drill approximately 250 development wells by 2020, a quarter of which (65) in the Santos Basin, according to ANP projections. The other basins with development commitments planned for next year are Potiguar (53), Sergipe (46), Campos (41), Espírito Santo (29), Recôncavo (13), Parnaíba (3) and from Alagoas (3).... Continue Reading →
The Brazilian offshore drilling firm Constellation has been awarded three new contracts with Petrobras for its offshore drilling rigs. Constellation said Monday that Petrobras had hired its three ultra-deepwater semi-submersible drilling rigs Alpha Star, Gold Star, and Lone Star. The contracts are for two years each. All three rigs entered service in the 2010-2011 period.... Continue Reading →
U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. The joint venture is the largest deal in Brazil’s bioenergy sector since Royal Dutch Shell (RDSa.L) joined forces with Cosan (CSAN3.SA) to form... Continue Reading →
Queiroz Galvão seeks a partner for their shipbuilding arm Constellation. There are preliminary talks with a Singapore based shipyard. In judicial recovery, the former Queiroz Galvão Oil and Gas carries a debt around R$ 1.8 billion and is in addition is negotiating a loan of R$ 100 million with their lending banks.
Halliburton on Monday reported a net income of $75 million for the quarter, compared to $511 million a year ago. Adjusted for impairments and other charges net income was $303 million. Halliburton recognized impairments and other charges during the second quarter of 2019 of $247 million, pre-tax. Of the $247 million, $108 million was for... Continue Reading →
McDermott International announced it has been awarded a contract by Argentina-based YPF to provide pre-front-end engineering design (Pre-FEED) services for a five million tons per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina. The scope of work is a continuation of a previous... Continue Reading →
July 19, 2019 Lorena Dominguez is the new Director of Operations (COO) of Repsol Sinopec Brasil. The Spanish executive will lead the teams responsible for Sapinhoá, Lapa, Albacora Leste, BM-C-33 and other company assets in the exploration phase in the country. Recently, Lorena was the leader of Repsol's team of geologists and geophysicists in the... Continue Reading →
Brazil Energy Insight 