Three players develop green solution to cut emissions in drilling operations

A collaborative, green solution developed between COSL Drilling Europe, Kongsberg Maritime, and drilling equipment provider NOV is poised to generate environmental and financial savings in offshore drilling operations. COSL Drilling’s ‘Energy Control’ project has been launched as a means of simultaneously slashing greenhouse gas emissions and substantially lowering fuel and maintenance overheads on the company’s... Continue Reading →

February 3, 2021 0

Exclusive: Brazil’s Petrobras agrees on rough target price for unloading remaining BR stake – sources

(Reuters) - Brazil’s state-controlled oil producer Petroleo Brasileiro SA is considering selling its remaining stake in gas station chain BR Distribuidora if its stock recovers to 26 reais a share, three people with knowledge of the information said. For the first time since the COVID-19 pandemic stalled the sale process, Petrobras has agreed on a... Continue Reading →

February 3, 2021 0

TMC to Deliver Air Compressors for Equinor’s Bacalhau FPSO

TMC has won a contract to supply the marine compressed air system to the Bacalhau FPSO that Japan's MODEC is building for Equinor. The deal is one of TMC's biggest ever orders. TMC will supply the FPSO’s complete compressed air system consisting of several large offshore screw compressors, air dryers and filter systems, the company said,... Continue Reading →

February 3, 2021 0

Petrobras – Highlights on production and sales in 4Q20

Petrobras had its best operating performance in 2020, overcoming considerable challenges arising from the pandemic, contraction in global demand for fuels and low prices. We reached annual production records of 2.28 million barrels per day (MMbpb) of oil and NGL and 2.84 million barrels of oil equivalent per day (MMboed) of total production. Previous production... Continue Reading →

February 2, 2021 0

With an average of 2.94 million barrels per day, oil production in Brazil grows 5.5% in 2020, according to ANP

The ANP released today the Monthly Bulletin on Oil and Natural Gas Production, with detailed data on national production for December 2020. This month's publication also includes a special insert with the consolidated data of production in the year 2020. The Bulletin can be accessed on the page https://www.gov.br/anp/pt-br/centrais-de-conteudo/publicacoes/boletins-anp/boletim-mensal-da-producao-de-petroleo-e-gas-natural. That year, production registered records in... Continue Reading →

February 2, 2021 0

Keppel/Hyundai Shipyard Ahead to Build Petrobras Own Floater for Buzios

Petrobras opened today the envelopes with the proposals to build their own P-78 and P-79 FPSOs. The Keppel / Hyundai consortium presented the lowest price in Petrobras' bid for the construction of the P-78, the oil company's own FPSO that will be used in the Búzios project. Three Korean shipyards submitted proposals and participated in... Continue Reading →

February 2, 2021 0

Exxon posts first annual loss as a public company on COVID-19 blow

(Reuters) -Top U.S. oil producer Exxon Mobil on Tuesday posted its first annual loss as a public company as the COVID-19 pandemic hammered energy prices and it reduced the value of its shale gas properties by more than $20 billion in the fourth quarter. Exxon cut up to 15% of its workforce and delayed oil... Continue Reading →

February 2, 2021 0

Lenders to Sell Polarcus’ Vessels. All Employees to Be Laid Off

Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessel after a debt payment default, will sell Polarcus' vessels and all the employees will be let go. Banks last week tool control of Polarcus' subsidiaries that own seismic vessels, with the subsidiaries in question being Polarcus Asima AS,... Continue Reading →

February 2, 2021 0

Pandemic drives oil major BP to first loss in a decade

(Reuters) - BP plunged to a $5.7 billion loss last year, its first in a decade, as the pandemic took a heavy toll on oil demand, and the energy company warned of a tough start to 2021 amid widespread travel restrictions. Despite the weak environment, however, CEO Bernard Looney told Reuters the company’s transition to... Continue Reading →

February 2, 2021 0

Petrobras on divestment of Urucu Cluster

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on December 7, 2020, informs that it has received binding proposals for the sale of its entire stake in a set of seven onshore production concessions, called Urucu Cluster, located in the Solimões Basin, in the state of Amazonas, and it has begun the... Continue Reading →

February 1, 2021 0

Brazil Energy Insight

Three players develop green solution to cut emissions in drilling operations

Exclusive: Brazil’s Petrobras agrees on rough target price for unloading remaining BR stake – sources

TMC to Deliver Air Compressors for Equinor’s Bacalhau FPSO

Petrobras – Highlights on production and sales in 4Q20

With an average of 2.94 million barrels per day, oil production in Brazil grows 5.5% in 2020, according to ANP

Keppel/Hyundai Shipyard Ahead to Build Petrobras Own Floater for Buzios

Exxon posts first annual loss as a public company on COVID-19 blow

Lenders to Sell Polarcus’ Vessels. All Employees to Be Laid Off

Pandemic drives oil major BP to first loss in a decade

Petrobras on divestment of Urucu Cluster

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