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June 4, 2019 Projects in the Brazilian pre-salt are highlights in the company's global strategy until 2025 Deepwater operations in Brazil are one of the most important exploration and production projects in Shell's global portfolio by 2025, according to analysts' presentation on Tuesday. The company's effort is to develop deep-water and ultra-deepwater projects to grow... Continue Reading →
Petrobras asked for the installation license (LI) for the Carioca FPSO (Mero I), the production pilot of the Mero field, in the Santos pre-salt. It will be the first definitive FPSO at Mero. The Carioca is being built and will be operated by Modec, with first oil planned for 2021. Mero produced 41,000 barrels a... Continue Reading →
Offshore accommodation rig owners Prosafe and Floatel have agreed to merge businesses in what they say is a “merger of equals.” “The aim is to create a more robust company with improved services and geographical presence, able to sustain a prolonged cyclical downturn and challenging markets for offshore accommodation,” Prosafe said in a statement on... Continue Reading →
Shares in petrochemical producer Braskem were down 20 percent in pre-market trading in Sao Paulo after petrochemical giant LyondellBasell Industries NV on Tuesday said it had ended talks with Braskem SA’s controlling shareholder, Brazilian construction conglomerate Odebrecht SA, to acquire the company. Reuters reported in March that talks with Brazilian conglomerate Odebrecht SA over a... Continue Reading →
Royal Dutch Shell Plc plans to shower its investors in money, pledging returns of $125 billion between 2021 and 2025 -- twice as much as a decade earlier. The oil and gas major says it can pull off this feat with crude at $60 a barrel and only a small increase in capital spending, an aggressive... Continue Reading →
June 3, 2019 Brazil oil and gas production in Brazil grew for the second consecutive time in April compared to March and the same month of 2018. In total, they totaled 3.314 million barrels of oil equivalent per day (boe / d ). In April, oil production was 2.604 million barrels per day (bbl /... Continue Reading →
Rio de Janeiro, June 3, 2019 - Petróleo Brasileiro S.A. – Petrobras announces that it has started the opportunity disclosure phase (Teaser), related to the sale of all its interests in two sets of onshore concessions, including shared production and treatment facilities, designated as Recôncavo Cluster and Rio Ventura Cluster, both located in Bahia, The... Continue Reading →
Italian oil and gas company Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place, Eni said on Monday. Continue... Continue Reading →
May 31, 2019 After progress in the Transfer of Rights agreement, the government retakes the program to stimulate the production chain of the oil and gas sector The ANP and the Ministry of Economy will soon start debates to try to restart Pedefor (Program to Encourage Productive Chain Competitiveness, Development and Improvement of Suppliers of... Continue Reading →
May 30, 2019 The National Petroleum Agency (ANP) approved, during the meeting of its board of directors, the transfer of a 10% participation of Barra Energia to Equinor in the block BM-S-8, in the Santos basin, where it is located the area of Carcará. The transaction was announced last year and will involve the payment... Continue Reading →
Brazil Energy Insight 