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05/27/2019 Alvopetro intends to start marketing natural gas from the Caburé field in the Recôncavo Basin in January 2020. The information is from the president of the company in Brazil, Carlos Eduardo Freitas. "Among the possible alternatives to monetize gas, we opted for the direct sales model with the [Bahiagás] distributor," the executive told BE... Continue Reading →
05/27/2019 PGS plans to start two seismic campaigns in Brazil later this year, company country director, Stephane Dezaunay told BE Petróleo. The works should be carried out in the Campos / Santos and Sergipe-Alagoas basins. "We have a lot of licenses in those regions, so that's the area of the campaigns. For 2020 and 2021,... Continue Reading →
05/27/2019 Fugro has made available 110,000 km² of high-resolution bathymetric data from the northern portion of the Atlantic Ocean to two projects that study seabed mapping, the company said on Friday. The data was made available to the Seabed 2030 project - which aims to develop a bathymetric ocean bottom map by 2030 - and... Continue Reading →
Chinese oil, shipping, telecom, dredging, and offshore drilling companies are facing a threat of U.S. sanctions if a South China Sea bill introduced last Thursday by several U.S. senators is enacted. U.S. Senators Marco Rubio (R-FL) and Ben Cardin (D-MD) last Thursday introduced the bill to impose sanctions against Chinese individuals and entities that participate... Continue Reading →
Malaysian OSV and FPSO leasing company Bumi Armada has posted a rise in net profit for the first quarter of 2019. The company’s net profit was 62.2 million Malaysian ringgit, up from RM 48.7 million a year ago. “The increase is mainly due to higher allowance for impairment losses of receivables in YTD 2018 and... Continue Reading →
Offshore drilling contractor Seadrill has posted a quarterly loss but it says it sees improvement in deepwater drilling contracting activity. The company has also revealed it has secured more work for its rigs. Seadrill on Thursday posted a net loss $296 million, on total operating revenues of $302 million for the first quarter of the... Continue Reading →
5/24/2019 Petrobras has assured the National Petroleum, Natural Gas and Biofuels Agency (ANP), which is responsible for regulating the sector, it is capable of producing bunker fuel with low sulfur in sufficient volume to meet Brazil's demand from January of 2020, when international law that limits the sulfur content of vessels by 0.5% enters into... Continue Reading →
The president of the National Oil, Natural Gas and Biofuels Agency (ANP), Décio Oddone, said last Thursday (23) that "there is room" for the postponement to 2020 of at least one of the three major oil auctions for the second half of this year. "Three auctions in the same semester can overwhelm the technicians... Continue Reading →
May 23, 2019 BE Petroleo details projects submitted to IBAMA by operators between 2018 and this year A universe of approximately 170 wells. This is the scope of offshore E & P projects whose characterization sheets have been submitted to IBAMA since 2018 by offshore asset operators in the country, according to a survey by... Continue Reading →
Rio de Janeiro, May 22, 2019 - Petróleo Brasileiro SA - Petrobras reports that it received the Official Letter No. 328/2019-SLS, which requests the following clarification: Official Letter nº 328/2019-SLS “Dear Gentlemen, In news published by Valor Econômico newspaper on 05/21/2019, the article under the title “Naufrágio pode atrasar projeto da Petrobras” [Wreckage May Delay... Continue Reading →
Brazil Energy Insight 