Rystad: Onshore producers have higher CO2 intensity, while offshore producers are scattered

Energy intelligence firm Rystad Energy has conducted a comprehensive company-level analysis of the world’s upstream industry, identifying the top carbon-intensity performers in each of the offshore, onshore, and shale segments and concluded that onshore producers have a higher carbon intensity on average, while offshore producers are scattered. The carbon footprint of exploration and production companies... Continue Reading →

January 12, 2021 0

Exxon’s Mega Oil Finds In Guyana Are Just The Beginning

Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. There are growing fears that Exxon, because of its tremendous debt burden, is a zombie company. These are generally companies that are not generating sufficient... Continue Reading →

January 12, 2021 0

Constellation Nets Long-Term Drillship Deal with Petrobras

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 →

January 8, 2021 0

Total to keep up renewables energy investments in 2021, says CEO

(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 →

January 8, 2021 0

Petrobras registers records in its 2020 annual production

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 →

January 8, 2021 0

17th Bidding Round: 92 offshore exploratory blocks in the Campos, Pelotas, Potiguar and Santos basins

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 →

January 7, 2021 0

Ocyan wins Mero drilling contract

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

January 5, 2021 0

Brazil November oil and gas production decreased to 3.550 million barrels of oil equivalent per day

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 →

January 4, 2021 0

Venezuela’s Oil Exports Plunge to 1940’s Level Under Tighter U.S. Sanctions

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 →

January 4, 2021 0

China Is Fueling South America’s Oil Boom

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 →

January 2, 2021 0

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Category: Upstream

Rystad: Onshore producers have higher CO2 intensity, while offshore producers are scattered

Exxon’s Mega Oil Finds In Guyana Are Just The Beginning

Constellation Nets Long-Term Drillship Deal with Petrobras

Total to keep up renewables energy investments in 2021, says CEO

Petrobras registers records in its 2020 annual production

17th Bidding Round: 92 offshore exploratory blocks in the Campos, Pelotas, Potiguar and Santos basins

Ocyan wins Mero drilling contract

Brazil November oil and gas production decreased to 3.550 million barrels of oil equivalent per day

Venezuela’s Oil Exports Plunge to 1940’s Level Under Tighter U.S. Sanctions

China Is Fueling South America’s Oil Boom

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