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Brazilian oil and gas drilling company Constellation has won a long-term contract for its ultra-deepwater drillship Brava Star with the Brazilian oil firm Petrobras. Constellation said this week that the contract for the 2015-built Brava Star drillship was for 810 days and includes a termination for convenience after 180 days subject to a demobilization fee. ... Continue Reading →
(Reuters) -Total will be as active in adding renewable energy assets in 2021 as it was last year, Chief Executive Patrick Pouyanne told an Oddo BHF conference on Friday. Total is trying to reduce its dependence on oil and shift towards electricity and renewable energy. It aims to have 35 gigawatts (GW) of gross renewable... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it has registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million barrels of oil equivalent per day (boed). The previous records occurred in 2015 and were 2.23 million bpd... Continue Reading →
The 17th Bidding Round under the concession regime will offer 96 offshore exploratory blocks in the Campos, Pelotas, Potiguar and Santos basins. The maps of the sedimentary basins with the sectors where these explorations are located are on this page and the originals can be obtained at http://rodadas.anp.gov.br/pt/17-rodada-licitacao On 9/9/2020 Resolution No. 7 of 8/18/2020... Continue Reading →
After a long period of negotiations and a lot of market expectations, Ocyan won Petrobras' tender for chartering a rig exclusively dedicated to the Mero field, in the Santos cluster. Drill ship Norbe VIII should start operating in the second semester Petrobras and Ocyan do not reveal details of the bid result. Source: PetroleoHoje
National production in November was 3,550 MMboe / d (million barrels of oil equivalent per day), of which 2,755 MMbbl / d (million barrels per day) of oil and 126 MMm3 / d (million m3 per day) of natural gas. Oil production decreased 4.1% compared to the previous month and 10.9% compared to November 2019.... Continue Reading →
Pressured by strict U.S. sanctions, Venezuela's oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro. The administration of U.S. President Donald Trump also put curbs on PDVSA's main trading partners, the owners of tankers still transporting... Continue Reading →
Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic fallout from the COVID-19 pandemic. The world’s second-largest economy hunger for energy keeps growing despite the global COVID-19 pandemic and a resultant sharp decline in global economic... Continue Reading →
ExxonMobil will start a new exploration campaign off the Brazilian coast. The company received the authorization from Ibama (Brazilian Environmental Institute) to drill wells in blocks BM-C-753, BM-C-789, BM-S-536, BM-S-647 and Titã, located in the Campos basins and Santos. The license granted by the environmental agency will last for four years. With the authorization in... Continue Reading →
Exxon Mobil Corporation XOM recently reached a milestone, as the Liza-1 well in Stabroek block offshore Guyana met the original target of 120,000 barrels of oil per day (bpd) production at the site. A glitch in the re-injection process and equipment delays deferred the achievement of the milestone. Moreover, the coronavirus pandemic delayed the commissioning of... Continue Reading →
Brazil Energy Insight 