Brought to you by Quest Offshore & Southern Cone Consultants
5/9/2019 In line with the government's proposal to reduce the state monopoly in the gas sector, Petrobras decided to put up for sale the remaining stake in the country's two main gas pipelines, whose control was recently transferred to private partners. The state-owned company has stakes of 10% in NTS and TAG, which control the... Continue Reading →
GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Peru, Argentina, Brazil, Chile and Ecuador reports its consolidated financial results for the three-month period ended March 31, 2019 (“First Quarter” or “1Q2019”). A conference call to discuss... Continue Reading →
05/08/2019 Colombian oil company looks at next rounds of bids in Brazil, where it has been expanding its portfolio Ecopetrol acquired 10 thousand km² of 3D seismic and 2 thousand km of 2D seismic to evaluate the exploratory potential of the blocks that will be offered in the 6th production sharing auction and in the... Continue Reading →
05/08/2019 Bidders to the contract to decommission the platforms of the Cação field seek vessels with shipowners The decommissioning market for offshore platforms in Brazil begins to tinker with the maritime support segment. Bidders to the contract to withdraw fixed platforms from the Cação field in the Campos Basin are seeking PSVs, FSVs (personal transport)... Continue Reading →
May 9, 2019 Company to accelerate ramp-up of new production systems in the Santos Basin pre-salt Petrobras will maintain its annual production target of 2.8 million boed in 2019, despite the drop recorded in the first quarter, oil company E & P director Carlos Aberto Oliveira said last Wednesday (8/5). The executive anticipated that, in... Continue Reading →
05/08/19 Chinese oil company CNOOC wants to expand production in Brazil and is considering participating in a bidding round of Brazilian oil and gas areas scheduled for this year, said the president of the Brazilian unit of the company, Sheng Jianbo. In addition to the pre-salt oil auction, on November 7, Brazil plans to hold... Continue Reading →
Oil and gas production at Petroleo Brasileiro SA is on the rise, executives said on Wednesday, telling analysts that the company was on course to hit its annual production target despite lagging output in the first three months of the year. In a call with analysts following the release of first-quarter results, Petrobras Exploration and... Continue Reading →
U.S. oil major Chevron will not be increasing its initial bid for the takeover Anadarko and expects the previously agreed deal to be terminated as Anadarko has entered into takeover talks with Oxy which recently submitted a superior offer. Chevron on Thursday said that “under the terms of its previously announced Merger Agreement with Anadarko... Continue Reading →
Offshore accommodation rigs operator Prosafe booked a loss in the first quarter of the year as its revenues declined due to lower dayrates. Prosafe’s operating revenues declined to $67.3 million from $82.8 million in the same period last year. The revenues dropped despite higher utilization due to lower average dayrates – approx. $125k in 2019... Continue Reading →
DNV GL is urging offshore oil and gas operators to implement a new solution using floating wind turbines to power water injection for oil recovery. ‘WIN WIN’ (WINd powered Water INjection) was conceived in 2013 by DNV GL and is now ready for prototype development after two joint industry projects have shown the concept to... Continue Reading →
Brazil Energy Insight 