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Sept 16, 2020 The ANP approved, in the beginning of September, five more expressions of interest presented by operators for the extension of exploratory deadlines due to the covid-19 pandemic. Petrobras, ExxonMobil and BP got more time to analyze their projects due to the pandemic. The possibility of extension, which applies both to the First... Continue Reading →
Sept 16, 2020 Cade approved, without restriction, the acquisition, by OP Pescada (Ouro Preto Oil & Gas subsidiary), of the 65% stake of Petrobras in Polo Pescada, which comprises the fields of Pescada, Arabaiana and Dentão, located in shallow waters of Potiguar Basin. The conclusion of the acquisition makes OP Pescada 100% holder and operator... Continue Reading →
Sept 16, 2020 A group of Seadrill's creditors has agreed to let the offshore drilling rig operator suspend interest payments this month as part of an ongoing effort to restructure its $7.3 billion debt, the Oslo-listed company said on Wednesday. Seadrill, which has so far failed to convince its 43 bank lenders to permanently adjust... Continue Reading →
September 15, 2020 Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 07/27/2020 and 08/11/2020, informs the beginning of the binding phase regarding the sale of its entire stake in the exploratory portion of the Tayrona Block, located in the Guajira Basin, Colombia. Potential buyers qualified for this phase will receive a... Continue Reading →
Sept 15, 2020 Brazilian oil production will grow rapidly in the coming decades, from the current level of 3 million barrels / day to a peak of 4.3 million to 5 million barrels daily, according to estimates of “Energy Outlook 2020”, published on Monday by British oil company BP. Even with the growth in oil... Continue Reading →
September 15, 2020 Petróleo Brasileiro S.A. – Petrobras informs that it has started negotiations with SBM Offshore N.V. (SBM) to contract the FPSO - floating production storage and offloading Almirante Tamandaré, to be installed in the Búzios field, in Santos Basin. The FPSO Almirante Tamandaré will be the sixth production system of the Búzios field,... Continue Reading →
September 14, 2020 Petróleo Brasileiro S.A. – Petrobras reports on the revision of the Exploration & Production (E&P) segment portfolio in face of the crisis caused by COVID-19. The revision aims to maximize the value of the E&P portfolio, focusing on world-class assets in deep and ultra-deep waters. The portfolio revision is in line... Continue Reading →
September 14, 2020 Petróleo Brasileiro S.A. – Petrobras hereby announces that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the change in the name of the Lula field to Tupi field. The approval is aimed at complying with the ruling of July 7, 2020, in a citizen lawsuit, which ordered the... Continue Reading →
Sept 14, 2020 President Jair Bolsonaro approved the resolution of the National Council for Energy Policy (CNPE) that deals with the extension of oil and gas exploration and production contracts in Brazil. The text allows the National Petroleum Agency (ANP) to extend the term of the concession contracts signed as of the 1st Bidding Round,... Continue Reading →
Sept 12, 2020 With several offshore production projects due to come on stream this decade, Brazilian NOC Petrobras is keeping the market busy with tenders for the acquisition of subsea equipment that are expected to generate billions of dollars in new contracts. At least two of the tenders are related to the state-owned company’s prized Búzios field in the... Continue Reading →
