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News in exploratory activity in the Campos Basin. Petrobras started drilling the first well in block C-M-411 this week. The operation is being carried out with the West Tellus drillship, in a water depth of 2,953 meters. The pioneer well was named after the technical name 1-BRSA-1377-RJS. As a reminder, block CM-411 was purchased by... Continue Reading →
Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President, Global Offshore, discusses how digitalization can increase safety, reduce costs, and build robust technical and operational capabilities. No one could have... Continue Reading →
New information regarding seismic and reservoirs revealed a possible increase in the attractiveness of the blocks that should be included in the Round. The information was announced this week by the director of the National Petroleum Agency (ANP) Dirceu Amorelli during the collegiate board meeting of the agency. As is known, the auction was suspended... Continue Reading →
Petrobras and Diamond signed a charter contract for the semi-submersible Ocean Courage. Equipped with MPD, the rig will operate exclusively in production sharing partnership projects, running campaigns in the Dois Irmãos, Entorno de Sapinhoá and Três Marias areas, located in the Campos and Santos basins. Source: PetroleoHoje
UK-based TechnipFMC has reported third-quarter 2020 loss of $3.9 million or 1 cent per diluted share against $119 million loss same time last year. Adjusted diluted earnings per share, excluding charges and credits, was 16 cents, with analysts projecting some 22 cents. Revenues for the quarter were flat at $3.34 billion. TechnipFMC has secured quarterly... Continue Reading →
(Bloomberg) --Canadian oil prices are poised to strengthen next year as Mexican heavy crude exports to U.S. Gulf Coast refineries dwindle, according to BMO Capital Markets. Heavy Western Canadian Select’s discount to the West Texas Intermediate benchmark could narrow to $5 to $7 a barrel next year, BMO said in a report Wednesday. Oil sands... Continue Reading →
Australian oil and gas company Karoon Energy said Friday that the Brazilian national oil regulator ANP had approved, with conditions, Karoon's acquisition of the Bauna offshore field from Petrobras. The field is located in shallow waters in the Santos Basin in concession BM-S-40, 50-60km from Karoon’s Neon and Goiá discoveries, and 50km from Karoon’s Clorita... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has started the opportunity disclosure stage (teaser), referring to the sale of a set of eleven onshore production field concessions, with integrated facilities, located in the Sergipe-Alagoas Basin, in different cities in the state of Sergipe, jointly called the Carmópolis Cluster. The teaser, which includes key information... Continue Reading →
(Reuters) - Brazil’s central bank will leave its key interest rate unchanged at a record low of 2.0% next week as it waits to see how a nascent economic recovery evolves, although most economists polled by Reuters now see rate risks skewed to the upside. The bank’s rate-setting committee, known as Copom, is set to... Continue Reading →
Pipeline repair isn’t a frequent activity but when it is needed it’s a critical activity. New tools are being developed and demonstrated to also make it safer and more efficient, and yet challenges remain, such as higher pressure, deeper water, and bi-metallic pipeline repairs. Elaine Maslin reports Pipeline repairs are not that frequent. But the... Continue Reading →
