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Petróleo Brasileiro S.A. – Petrobras informs that, given the economic context of the COVID-19 scenario, it postponed the Integrated Project of Parque das Baleias by about one year, with the start of operation and first oil to 2024, but preserving the scope of the project that foresees the relocation of wells between platforms in operation... Continue Reading →
U.S. oilfield services player Weatherford has achieved the industry’s first 12 ¼-inch casing sidetrack for an undisclosed operator. Weatherford said that the casing sidetrack was achieved using the Shallow Angle QuickCut system and that it delivered a 22-feet window in a single trip for an ultra-deepwater well in the Gulf of Mexico. Chip Miller, VP... Continue Reading →
Top global oil traders Vitol, Trafigura and Gunvor said on Thursday they saw slow oil demand recovery because of a second coronavirus wave with oil prices rising to or above $50 per barrel only by October next year. Benchmark Brent crude futures traded down 1.6% to $42.62 a barrel at 0905 GMT on Thursday as... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on July 29, 2020, informs the beginning of the binding phase regarding the sale of its entire stake in a set of seven onshore and shallow water concessions (Alagoas Cluster) located in the state of Alagoas. Potential buyers qualified for this phase will receive... Continue Reading →
Petrobras is studying resuming the exploration campaign in the deep waters of the Potiguar Basin in 2023, with the drilling of a new well to delimit the discovery of Pitu - one of the few assets that is not being sold by the company in the state of Rio Grande do Norte. - The discovery... Continue Reading →
Seabed Geosolutions has secured a contract for a baseline 4D ocean bottom node (OBN) survey as well as a future 4D monitor OBN survey in Brazil. The project will take place in water depths greater than 2,200 metres. The baseline survey should commence in the second quarter of 2021. According to the company, the total... Continue Reading →
(BUSINESS WIRE)--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, today announced its operational update for the three-month period ended September 30, 2020 (“3Q2020”). All figures are expressed in US Dollars.... Continue Reading →
While Modec finalizes the construction works of the FPSO Carioca, Petrobras is advancing in licensing the project. The state-owned company has requested Ibama in the last few days for the operating license of the platform vessel, which it will produce in the Sépia field, in the Santos basin. The FPSO will be installed approximately 250... Continue Reading →
The oil majors’ retreat from frontier plays limits future drillship demand with deepwater, investment looks limited to Brazil and Guyana, writes Gregory Brown, Maritime Strategies International. The future of offshore deepwater investment is under the microscope. In a world where oil demand may have peaked and Opec and its allies have at least 7 Mn... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the pricing of an offering of additional notes of its 5.600% Global Notes due 2031 (CUSIP No. 71647NBH1/ ISIN No. US71647NBH17) (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be... Continue Reading →
